At first glance, it may seem like a paradox: Even as the economy rides a 10-year winning streak, tens of thousands of workers across the country, from General Motors employees to teachers in Chicago, are striking to win better wages and benefits.

Elites are finding more ways to ensure that their children never run out of chances to fail.

China is supposed to be savvy. So why is it throwing a fit about a tweet, an app, and a gamer in a mask in the absence of any real threat?

Economics is predictably unpredictable, says Microsoft's co-founder in an interview.

Reform needs to come from outside of higher ed.

In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty’s new book Capital and Ideology will transform the way political scientists look at their own field.

Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.

Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian

“Wealth work” is one of America’s fastest-growing industries. That’s not entirely a good thing.

A glut of cowhides has caused leather prices to plummet.

Inequality comes in waves. The question is when this one will break.

Report calls on policymakers to ward off threat by refocusing on jobs, wages and investment

In theory, anything can happen in EVE Online, but some things are considered impossible. Well, last month, one of the “impossible” things happened: The destruction of the game’s first-ever Keepstar battlestation, which was kept in a wormhole. Of course, it took 11 months of meticulous planning. By Lee Yancy.

In recent years, the concept of a universal basic income (UBI)—governments providing every single citizen with a cash transfer sufficient to ensure a minimum standard of living—has gained a diverse following in countries around the world. The concept is particularly popular among those concerned about the effects of technology and automation on employment. In fact, Y Combinator, a Silicon Valley start-up incubator, is currently funding a randomized, controlled trial of a UBI in two states.

And why a true transition to socialism requires a wholly different politics.. Until their contradictions explode coexisting economic and political systems sustain one another. “Normal” politics includes precisely the process of working out social conflicts such that the economic system is sustained. Whatever its form, the state’s tasks include that sustenance. When politics and the state can no longer perform adequately, the system totters. Only then can movements for system change seriously contest the existing system and press for transition to another.

In 1998, as the Asian financial crisis was ravaging what had been some of the fastest-growing economies in the world, the New Yorker ran an article describing the international rescue efforts. It profiled the super-diplomat of the day, a big-idea man the Economist had recently likened to Henry Kissinger. The New Yorker went further, noting that when he arrived in Japan in June, this American official was treated “as if he were General [Douglas] MacArthur.”

Most pricing structures nudge us to spend more. But there's a particularly cunning type of pricing that can get us to swap our preference from a cheaper to a more expensive option.

To the extent that economic historians can rampage, Rutger Bregman is on one — speaking truth to power in Switzerland and enraging Tucker Carlson.

Whether its proponents are cynical or simply naive, UBI is not the patch we need. A weekly handout doesn’t promote economic equality - or empowerment. By Douglas Rushkoff.