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Portfolio Proletariat: Asset Ownership and Political Consciousness Among the American Working Class from Fordism to Financialization

Why have the repeated crises of the modern era further entrenched market dependence rather than encouraged collective action among the American working class? John Haywood looks to the rise of a "portfolio proletariat", the product of an encompassing financialization of social reproduction in the post-Fordist era, for answers.

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Review

Diagnosing the Populist Impasse: On Varn and Tutt’s "The People are Not One"

Reviewing C. Derick Varn and Daniel Tutt’s new pamphlet, The People are Not One, Nicolas D Villarreal finds a sharp contribution to a debate that may very well shape the future of socialism in our lifetime.

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We sit down to discuss Lars Lih's new book What was Bolshevism?

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Book Reviews

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Abolish Blue Power

Reviewing Stuart Schrader's Blue Power: How Police Organized to Protect and Serve Themselves, Julian Assele finds a forceful case for why police abolition is not a utopian moral demand but a political necessity emergent from decades of class struggle.

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Capital’s Musk: A Review of Slobodian and Tarnoff’s “Muskism”

Reviewing Quinn Slobodian and Ben Tarnoff's Muskism: A Guide for the Perplexed, Julian Assele foregrounds class antagonism and re-situates Muskism as a class strategy to re-discipline globally mobile and fragmented labor, whose efforts only further intensify the imperial and capitalist crisis.

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Your letters

Critique

Letter: On Revolutionary Romanticism and the Chinese Revolution

June 23, 2026

“I recently happened to read a piece from March, Arjunveer Singh’s Beyond Revolutionary Romanticism: The Case for Strategic Socialist Transition, which I found rather disappointing. Singh lays out …”

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Letter: Winner Takes All

June 19, 2026

“I was pleased to see a very well-written letter recently published by Cosmonaut critiquing my previous remarks on degrowth. I do believe it displayed a perfect understanding of …”

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Letter: The Blockade Is Real. The Question of Power Remains.

June 17, 2026

“Albert Gil has written the rare defense of Cuba that argues rather than asserts, and his letter deserves a reply in kind. He is right about the thing …”

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