Karl Marx: Obamacare and climate change policy are among the initiatives branded ‘Marxist’ by US conservatives. Photograph: Henry Guttmann/Getty Images

Everywhere you look these days you see Marxism on the rise. Well, okay, maybe you don’t – but conservatives do.If you so much as mention income inequa(...)

“Nobody can make Obamacare work,” declared Eric Cantor, the House majority leader, a couple of weeks ago (when it was already obvious that it was working pretty well). Photograph: Amos Ben Gershom GPO via Getty Images

House Republicans released a deliberately misleading report on the status of health reform last week, crudely rigging the numbers to sustain the illus(...)

Rancher Cliven Bundy, who became a right-wing hero after refusing to pay fees for grazing his animals on federal land. Photograph: David Becker/Getty Images

It is, in a way, too bad that Cliven Bundy, the rancher who became a right-wing hero after refusing to pay fees for grazing his animals on fede(...)

Stockholm, Sweden. Swedish unemployment stopped falling soon after the rate hikes began. Deflation took a little longer, but it eventually arrived. The rock star of the recovery has turned itself into Japan.

Three years ago Sweden was regarded as a role model in how to deal with a global crisis. The nation’s exports were hit hard by slumping world t(...)

 Society is devoting an ever-growing share of its resources to financial wheeling and dealing, while getting little or nothing in return.

We’re giving huge sums to the financial industry while receiving little or nothing in return. Four years ago Chris Christie, the governor(...)

Doing what the US did after the second World War – using low interest rates and inflation to erode the debt burden – is often referred to as “financial repression”, which sounds bad. But who wouldn’t prefer modest inflation and a bit of asset erosion to mass unemployment?

Econonerds eagerly await each edition of the International Monetary Fund’s World Economic Outlook (...)

Some employers complain that they’re finding it hard to find workers with the skills they need. But show us the money: if employers are really crying out for certain skills, they should be willing to offer higher wages to attract workers with those skills.

A few months ago, Jamie Dimon, the chief executive of JPMorgan Chase, and Marlene Seltzer, the chief executive of Jobs for the Future, publishe(...)

  Republican congressman Eric Cantor  with Israel’s prime minister Benjamin Netanyahu. In 2012, Mr Cantor famously commemorated Labor Day with a Twitter post honouring business owners. Photograph: Amos Ben Gershom GPO via Getty Images)

It seems safe to say Capital in the Twenty-First Century , the magnum opus of the French eco(...)

Paul Ryan, chairman of the House budget committee and the GOP’s de facto intellectual leader, is an expert at sounding like he knows what he’s talking about. Photograph: Reuters

So it’s comical, in a way, to see Ryan trying to explain away some recent remarks in which he attributed persistent poverty to a “cultur(...)

People line up for a food giveaway programme at MacArthur Park in Los Angeles, California, recently. Disposable income in the US and Britain is much more unequally distributed than in France, Germany or Scandinavia. Photograph: Reuters

Most people, if pressed on the subject, would probably agree that extreme income inequality is a bad thing, although a fair number of conservat(...)