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Author Archive | Fred Magdoff

Mural commemorating the Bolivian Revolution

People are radicalizing the Bolivarian Revolution

For those confused by the recent headlines on Venezuela, this is a point worth explaining. The so-called ‘peaceful’ ‘pro-democracy’ demonstrators of the opposition had made threats against those who planned to participate in the Constituent Assembly elections, leaving many people fearful to vote in their own communities, particularly those with a strong opposition presence. This […]

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Ce que tout écologiste doit savoir à propos du capitalisme (What every environmentalist needs to know about capitalism)

The earth shall rise on new foundations

The United States is sometimes viewed as the most extreme capitalist society on earth. The decision of the newly elected Trump administration to withdraw from the Paris Climate Agreement would seem to affirm such a judgment. It highlights the fact that while capitalism cannot solve the environmental problem, a more extreme capitalist society can, if […]

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The Problem Is Capitalism

The Problem Is Capitalism

NYC Climate Convergence, September 20, 2014 A. The Environmental Crisis The “environmental crisis” is actually a number of crises, including the following: climate change; acidification of the oceans (related to elevated atmospheric CO2 levels); pollution of air, water, soil, and organisms with harmful substances; degradation of agricultural soils; destruction of wetlands and tropical forests; and […]

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The Environmental Crisis and Capitalism

Fred Magdoff: What I would end with is just a couple of ideas — not to give you a blueprint of another type of system but a couple of ideas of what it might be like.  I would say one in which basically the economy and politics are both under social control, under democratic social […]

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Hasta Siempre Comandante Chávez

Farewell Comrade Chávez

With the death of Hugo Chávez, Venezuela and the world have lost a leader whose primary concern was to bring a new system into existence — one he referred to as 21st Century Socialism.  This meant a lot of things to Chávez, including making sure that all people had access to the necessities of life […]

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Monthly Review

OWS Movement: A Down-to-Earth View

A participant’s note from Burlington. . . . I went to OWS (a week ago) and Occupy Burlington last Saturday.  I was VERY happy that, while it was the last day of the regular weekly farmers’ market at the same small park, the farmers gave the Occupy Burlington people $400 worth of tokens to buy […]

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Chart 1

The Great Recession and Its Aftermath: Causes vs. Symptoms

There is much confusion about the current economic situation, among left media and organizations as well as in the mainstream media.  This is certainly understandable given its complexity.  But what many are referring to as causes are symptoms of a deeper underlying problem — in other words, sparks that produced the Great Recession by igniting […]

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The Financial Crisis of Capitalism

“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we put […]

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Table 3, Income Distribution by Quintile in China and the United States, 1998, and Table 4, Per Capita Income Index Relative to Beijing, 1995

The Experience of China

[“The Experience of China” is an excerpt from “Approaching Socialism,” published in the July-August issue of Monthly Review in print. The full text of the article will be soon avaialbe at . — Ed.] When the Red Army, led by the Chinese Communist Party, entered Beijing in 1949, the work needed to create a road […]

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