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  • Monthly Review Essays

About James K. Galbraith

James K Galbraith teaches at the LBJ School of Public Affairs, The University of Texas at Austin, and is the author most recently of “Inequality: What Everyone Needs to Know” and “Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe.”
  • Xi Jinping and Vladimir Putin

    The dollar system in a multi-polar world

    Originally published: Institute for New Economic Thinking on May 5, 2022 (more by Institute for New Economic Thinking)  |

    The multipolar financial world is here. The United States can survive it–but only with major political and economic changes at home. It’s time to start thinking about what those need to be.

  • What the Government Needs to Do Next

    What the government needs to do next

    Originally published: Institute for New Economic Thinking on March 23, 2020 (more by Institute for New Economic Thinking)  |

    Tax rebates, tax cuts and business bailouts will not solve this crisis. Here’s what’s needed.

  • ‘What we see this week is a shallow farce, beginning with a plan to move air traffic control to a private, non-profit corporation run by the airlines.’

    The thing about Trump’s infrastructure plan is: it doesn’t really exist

    Originally published: The Guardian on June 9, 2017 (more by The Guardian)

    The Republican leaders of Congress killed off Trump’s much touted infrastructure plan months before he even reached the Oval Office. What we are left with is a farce.

  • There Is No Economic Justification for Deficit Reduction

    James K. Galbraith

    Statement to the Commission on Deficit Reduction by James K. Galbraith, Lloyd M. Bentsen, jr. Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin, and Vice President, Americans for Democratic Action, June 30, 2010 Mr. Chairmen, members of the commission, thank you for inviting this statement. I […]

  • We Are at the Beginning of a Long, Profound, Painful Process of Change

    James K. Galbraith

    Statement by James K. Galbraith, Lloyd M. Bentsen, jr., Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin and Senior Scholar, Levy Economics Institute, before the Committee on Financial Services, U.S. House of Representatives, Hearings on the Conduct of Monetary Policy, February 26, 2009. Mr. Chairman and […]

  • A Bailout We Don’t Need

    James K. Galbraith

    Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley — have disappeared or morphed into regular banks, a question arises. Is this bailout still necessary? The point of the bailout is to buy assets that are illiquid but not worthless.  But regular banks hold assets […]

Also By James K. Galbraith in Monthly Review Magazine

  • Rejoinder to Leo Panitch and Sam Gindin; Panitch and Gindin Reply May 01, 2000

Monthly Review Essays

  • The Migrant Genocide: Toward a Third World Analysis of European Class Struggle
    Iker Suarez A banner at a memorial rally for victims of the 2014 massacre of migrants at Tarajal, 2021.

    Over 10,000 people died in transit to Spain in 2024 alone.[1] On June 2022, the border fence of Melilla, one of two Spanish enclaves in Morocco, was witness to a massacre that killed or disappeared over a hundred African migrants.[2]  A recent BBC investigation revealed that Greek border guards systematically repeal immigrants already on Greek […]

Lost & Found

  • Strike at the Helm: The First Ministerial Meeting of the New Cycle of the Bolivarian Revolution
    Hugo Chávez Mural of Chávez in Caracas. (Univision)

    On October 7th, 2012, after hearing of his victory as the nation‘s candidate with 56 percent of the vote, President Hugo Chávez Frias announced from a balcony in his hometown that a new cycle was beginning the very next day, October 8th.

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