Why Oligarchs Want a Recession
My debut in Labor Notes
Labor Notes has been one of those publications that has helped educate me about workers’ perspectives on the economy. As such, it’s been crucial to my total rethink of foreign policy since about 2018. So I’m psyched that I finally got to write for them. The following piece, which just dropped in Labor Notes, makes a key but not-well-understood observation: Ruling-class interests have become diametrically opposed to working-class interests because most of America’s billionaires make money in ways that are totally disconnected from normal indicators of a healthy national economy. Yes, the MAGA folks will tolerate a recession, and some even want it.
Read the whole thing here or below. ✌️