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Robert O. Paxton

Robert O. Paxton

Writing for PS since 2016
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Robert O. Paxton, Professor Emeritus of History at Columbia University, is the author of The Anatomy of Fascism, Vichy France: Old Guard and New Order, 1940-1944, Parades and Politics at Vichy, and Vichy France and the Jews.

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    The Great Crypto Heist

    Nouriel Roubini

    Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial regulators and law-enforcement agencies remain asleep at the wheel.

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    Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality – posing a threat not only to economic growth, but also to democracy.

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