- Fall 2018
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- Issue 31
Breaking Bank
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I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.
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Front Matters
Put that coffee down!
The Soapbox
Letters + The Internet Speaks
Send better letters.
Struggle Session
All That Was Solid
Economic historian Adam Tooze on a decade of shattered illusions and the limits of the neoliberal imagination.
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THE MINSKY MILLENNIUM
In 2008, Hyman Minsky finally had his moment. But he was miscast as a prophet of financial collapse. The real “Minsky moment” was the bailout, not the crash.
Means of Deduction
Data-driven anticapitalism.
Uneven & Combined
How to Burst a Bubble
The mortgage crisis in four charts.
Transitions
Into the Vipers’ Den
Two centuries of mergers and splits in America’s banking sector.
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WHY SHADOW BANKING IS BIGGER THAN EVER
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Reading Materiel
Political Economy can remain a science only so long as the class struggle is latent.
Canon Fodder
Economics for the Socialist Autodidact
Here’s what you should read.
Field Notes
Dear Prime Minister
A letter from Mario Draghi and Jean-Claude Trichet to Silvio Berlusconi.
Dossier
Devil in the Details
Don’t know the difference between an asset-backed security and your ass? We’re here to help.
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PULLING RABBITS OUT OF HATS
How a decade of crisis changed economics.
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Cultural Capital
Why Jamie Dimon Wanted to Host a Farm-to-Table Party in Nashville.
Red Channels
The Specter of Capital
How the housing crash got us believing in ghosts again.
Beyond a Boundary
The House That Debt Built
Cleveland’s Quicken Loans Arena is a monument to the subprime mortgage crisis and the companies that caused it.
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Governance by Finance
Can European democracy survive the reign of unelected central bankers?
The Tumbrel
Money won is twice as sweet as money earned.
Girondins
From Pawns to Players
How Amalgamated Bank went from a tool for garment workers to a tool of finance capital.
Girondins
New Labour’s Boom and Bust
Blairism is finally dead and buried.
Versailles
In Mansions and Benzes
Ten years after the financial crisis, we see how life is treating some of our favorite Wall Street villains.
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Leftovers
Always be closing.
Popular Front
The Move Your Money Hustle
Getting banks under control is a matter of politics, not individual consumer decisions.
Proletoccult
Financial Advice for Millennials
Shoot a leprechaun, take his pot of gold.
Means & Ends
A Make or Break Year
The future of socialism hangs in the balance — and Jacobin has an important role to play.
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