Peter Thiel and the Decline of the West

The last priest of a dead faith

In the twilight of the secular Western project, as its elites scramble for a vision to forestall cultural entropy, Peter Thiel has emerged as one of its most articulate and celebrated prophets. In a remarkably candid interview with The New York Times, Thiel laments the stagnation of modern life—not just ...
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Peter Thiel and the Decline of the West

Ecology and Democracy in a World on Fire

Our first responsibility, always, is to preserve the world, and our second is to improve it

The following text was first presented on April 22, 2025, as a distinguished lecture presented by the Henry H. Arnhold Forum on Global Challenges and the New School for Social Research. I want to trace the outline of an era that has closed. It ran from roughly the end of the ...
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Ecology and Democracy in a World on Fire

We’re Going to Fort Knox to Touch the Real

If somebody really hasn’t already raided the loot, maybe the administration will show us how it’s done

The Trump-Musk right repeatedly insists on revealing the true state of the world and of digging this true world out from under the distortions of liberal modernity. From Pizzagate to attacks on DEI, there exists a constant insistence on revealing what is hidden, mediated, and obfuscated. But nowhere is the ...
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We’re Going to Fort Knox to Touch the Real

If Eviction Is Personal for Us, It Should Be Personal for Our Landlords Too

A conversation on Abolish Rent

How do we remake our cities for the people who actually live in them? Tracy Rosenthal and Leonardo Vilchis, two cofounders of the largest tenants' union in the country, propose an answer in their new book, Abolish Rent: How Tenants Can End the Housing Crisis (Haymarket, 2024). In November 2024, the authors and ...
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If Eviction Is Personal for Us, It Should Be Personal for Our Landlords Too

Rent Is the Crisis

Framing it as a “housing crisis” ignores that from the perspective of its winners, the system works just fine

Every first of the month, we hand over a share of our wages to meet our human need for housing. Our rents rise faster than our incomes, and inequality grows. Every first of the month, more tenants go without food, medication, and basic necessities to pay this tribute. More people ...
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Rent Is the Crisis

Social Capitalism: An Alternative to Neoliberalism

On the economic consequences of the US neoliberal period

As defined by Hagen Krämer and coauthors (2023), social capitalism constitutes a "renewed social democracy" designed to achieve growth that is both inclusive (in the sense of being consistent with an equitable wage share of income) and sustainable (in the sense that it does not foster financial imbalances). These constitute narrow definitions of inclusivity and ...
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Social Capitalism: An Alternative to Neoliberalism

Behind the Balancing Act of Kamala Harris’s Industrial Policy

What should Kamala Harris learn from the complicated history of post-1970s New Liberals

Breaking with the strategic ambiguity of her presidential campaign’s early months, Vice President Kamala Harris served up a clearer distillation of her economic agenda in a speech to the Economic Club of Pittsburgh on September 25. The speech was fêted as Harris’s “pragmatic,” “moderate-friendly” pitch. Harris also, however, pointed to ...
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Behind the Balancing Act of Kamala Harris’s Industrial Policy

Social Capitalism

Synthesizing Marx, Keynes, and Schumpeter

Feathers were ruffled at Davos this year when, during a panel on “How to Trust Economics,” a speaker went rogue, accusing economists of being a “tribal clique” who only quote each other and have “blind faith” in models, however disconnected from real events they may be. The critique came not ...
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Social Capitalism

Biden’s Green Protectionism

Behind rhetoric about jobs and green energy is a bid for a $650 billion industry

Domestic economic commentators tend to describe Biden’s Inflation Reduction Act (IRA) and the rise of American green industrial policy along three lines. Lawrence Summers, former United States secretary of the treasury under Clinton, has criticized Biden’s protectionist policies as a “manufacturing-centered economic nationalism.” Nobel laureate Paul Krugman has supported Biden’s ...
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Biden’s Green Protectionism