Socialists Will Never Understand Elizabeth Warren (I’d have chosen a different title)

The Democratic candidate is part of a long intellectual tradition that’s gone forgotten in the West: pro-market leftism.

Sen. Elizabeth Warren’s politics seem like a tangle of contradictions. She wants free markets, but also wants to tax billionaires’ capital. Her enemies on the right claim that she is a socialist, but Warren describes herself as “capitalist to my bones.”

Warren’s politics are so confusing because we have forgotten that a pro-capitalist left is even possible. For a long time, political debate in the United States has been a fight between conservatives and libertarians on the right, who favored the market, and socialists and liberals on the left, who favored the government.

Access the full article here.

Other Writing:

Chapter in an Edited Volume

“Social Institutions among Economists in the Wake of the Financial Crisis,” in Economy and Society in Europe: A Relationship in Crisis – eds. Luigi Burroni, Maarten Keune and Gugliemo Mardi

While an economy is always ‘embedded’ in society, the relationship between the two is undergoing profound changes in Europe, resulting in widespread instability which is emphasised by the current crisis. This book analyses these changes, and in particular pressures of intensifying international competition, globalization and financialization within Europe. Henry Farrell, “Social Institutions among Economists in ...
Read Article
Academic Article

Bias, Skew and Search Engines Suffice to Explain Online Toxicity – with Cosma Shalizi

Henry Farrell and Cosma Shalizi (2024), “Bias, Skew and Search Engines Suffice to Explain Online Toxicity,” Communications of the ACM, preprint, 67,4:25-28. U.S. political discourse seems to have fissioned into discrete bubbles, each reflecting its owndistorted image of the world. Many blame machine-learning algorithms that purportedly maximize“engagement” — serving up content that keeps YouTube or ...
Read Article