Steve Fraser

Steve Fraser is Editor-at-Large of New Labor Forum and co-founder of the American Empire Project (Metropolitan Books). He is, most recently, the author of Wall Street: America’s Dream Palace. He teaches history at Columbia University.

Articles by this author

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Monday, December 1, 2008 - 10:48am
Beyond the Bailout State: Roosevelt's Brain Trust vs Obama's Brainiacs
On a December day in 1932, with the country prostrate under the weight of the Great Depression, ex-president Calvin Coolidge -- who had presided over the reckless stock market boom of the Jazz Age Twenties (and famously declaimed that "the business of America is business") -- confided to a friend: "We are in a new era to which I do not belong." He punctuated those words, a few weeks later, by dying.
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Thursday, September 18, 2008 - 11:52am
Wall Street and Washington: How the Rules of the Game Have Changed
What is Washington to do as the financial system collapses? Clearly, stark differences in approach as well as in public policy have already emerged. Bail-out Bear Stearns and pump up the brokerage and investment business with new lines of credit. Nationalize Fannie Mae and Freddie Mac on the backs of the taxpayer -- but let Lehman drown. Tell the financial community to save itself, after which Bank of America salutes and buys Merrill Lynch. Then, the Fed gets cold feet and decides it can't let an institution the size of the insurance giant AIG go under as well.
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Wednesday, April 23, 2008 - 1:34pm
The Great Silence: Our Gilded Age and Theirs
Google "second Gilded Age" and you will get ferried to 7,000 possible sites where you can learn more about what you already instinctively know. That we are living through a gilded age has become a journalistic commonplace. The unmistakable drift of all the talk about it is a Yogi Berra-ism: it's a matter of deja vu all over again. But is it? Is turn-of-the-century America a replica of the world Mark Twain first christened "gilded" in his debut bestseller back in the 1870s?
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Sunday, December 9, 2007 - 6:59pm
The Perfect Campaign Storm of 2008: War, Depression, and Turning-Point Elections
Will the presidential election of 2008 mark a turning point in American political history? Will it terminate with extreme prejudice the conservative ascendancy that has dominated the country for the last generation? No matter the haplessness of the Democratic opposition, the answer is yes.
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