• Monthly Review
  • Monthly Review Press
  • Climate & Capitalism
  • Money on the Left
  • Twitter
  • Instagram
  • YouTube
  • Mastadon
MR Online
  • Home
  • About
  • Contact/Submission
  • Browse
    • Recent Articles Archive
    • by Subject
      • Ecology
      • Education
      • Imperialism
      • Inequality
      • Labor
      • Literature
      • Marxism
      • Movements
      • Philosophy
      • Political Economy
    • by Region
      • Africa
      • Americas
      • Asia
      • Australasia
      • Europe
      • Global
      • Middle East
    • by Category
      • Art
      • Commentary
      • Interview
      • Letter
      • News
      • Newswire
  • Monthly Review Essays

About Prabhat Patnaik

Prabhat Patnaik is an Indian political economist and political commentator. His books include Accumulation and Stability Under Capitalism (1997), The Value of Money (2009), and Re-envisioning Socialism (2011).
  • BJP

    How BJP masked its class agenda with false religious narrative

    Originally published: NewsClick.in on June 2, 2024 (more by NewsClick.in)  |

    In attacking the wealth tax proposal, the PM whipped up hatred against Muslims, trashed Congress, thereby protecting his super-rich patrons.

  • Protest against Israel's Gaza Blockade and attack on humanitarian flotilla - Melbourne 5 June 2010.

    Chicanery versus humanity

    Originally published: Peoples Democracy on May 19, 2024 (more by Peoples Democracy)  |

     The students in short are moved by a pure sense of humanity.

  • Neoliberalism (Photo credit: Tiago Hoisel)

    The crisis of liberalism

    Originally published: Peoples Democracy on May 12, 2024 (more by Peoples Democracy)  |

    Modern liberalism was developed in response to the Bolshevik Revolution during the capitalist crisis of the inter-war period, as a way of resolving that crisis, and other similar crises that could arise in future, without transcending capitalism.

  • Prime Minister Narendra Modi. Photo: REUTERS/Amit Dave

    On the question of the inheritance tax

    Originally published: Peoples Democracy on May 5, 2024 (more by Peoples Democracy)  |

    The neoliberal years, it is generally agreed, have seen a sharp widening of income and wealth inequalities; in India it has even caused an increase in the extent of absolute deprivation.

  • PM-Kisan Narendra Modi speech and follies on farmers movement junputh.com

    Rural labour in the Modi years

    Originally published: Peoples Democracy on April 28, 2024 (more by Peoples Democracy)  |

    The two phenomena, a reduction in real wages and a reduction in employment opportunities, in fact go together.

  • John Stuart Mill, circa 1870

    Fetishising the growth rate of GDP

    Originally published: Peoples Democracy on April 21, 2024 (more by Peoples Democracy)  |

    JOHN Stuart Mill was among the foremost liberal thinkers of modern times who wrote extensively on economics and philosophy.

  • Reichstag 1933 (Photo: atexnos.gr)

    A striking contrast

    Originally published: Peoples Democracy on April 14, 2024 (more by Peoples Democracy)  |

    Reichstag Fire was a crucial event in the conversion of Germany from a liberal democracy into a fascist dictatorship in 1933.

  • India at 70: Are we becoming a Hindu Rashtra? dailyo.in

    The anatomy of a ‘Hindu Rashtra’

    Originally published: Peoples Democracy on April 7, 2024 (more by Peoples Democracy)  |

    Words can be highly deceptive; and Hindu rashtra is a perfect example of this.

  • Indian Flag

    Once more on poverty figures of India

    Originally published: Peoples Democracy on March 24, 2024 (more by Peoples Democracy)  |

    Poverty in short had increased significantly between 2011-12 and 2017-18. After 2017-18 we have had a pandemic, and a lockdown induced by it, from which the economy is just recovering, though unemployment today is higher than before the pandemic.

  • Summary: Science Museum, London, Transportation zone

    Capitalist trap for scientific advances

    Originally published: Peoples Democracy on March 17, 2024 (more by Peoples Democracy)  |

    There is a paradox at the core of the efflorescence of science that has occurred over the last millennium.

  • Rosa Luxemburg

    The descent into barbarism

    Originally published: Peoples Democracy on February 18, 2024 (more by Peoples Democracy)  |

    IN The Junius Pamphlet written from jail in 1915, Rosa Luxemburg had said that the choice before mankind was between barbarism and socialism.

  • GDP

    What the GDP hides

    Originally published: Peoples Democracy on February 4, 2024 (more by Peoples Democracy)  |

    There are well-known problems associated with the concept of gross domestic product as well as with its measurement.

  • grutas parkas lenin

    The theoretical significance of Lenin’s “Imperialism”

    Originally published: Peoples Democracy on January 21, 2024 (more by Peoples Democracy)  |

    The theoretical position informing “Imperialism” extended Marxism in at least five major ways.

  • Javier Milei. Image Courtesy: Flickr

    Upsurge of neo-fascism and ‘dollarisation’

    Originally published: NewsClick.in on January 6, 2024 (more by NewsClick.in)  |

    Neo-fascist rulers like Javier Milei propose to control inflation not by curbing capital flight, but by launching a massive attack on the working class.

  • Business interests? Hindu bankers 'helped' Company Raj to flourish, colonize India counterview.net

    An education policy for colonizing minds

    Originally published: Peoples Democracy on December 31, 2023 (more by Peoples Democracy)  |

    A pre-requisite for freedom in the third world therefore is to shake off this colonisation of the mind, and to seek truth beyond the distortions of imperialism.

  • New Generation Free Trade Agreements: A Threat to Life and Livelihoods | Focus on the Global South

    The vacuity of the free trade argument

    Originally published: Peoples Democracy on December 24, 2023 (more by Peoples Democracy)  |

    The fact that unrestricted trade creates domestic unemployment is quite obvious, and should be especially obvious to third world people who have had the historical experience of deindustrialisation during colonial rule.

  • A farmer at the protest encampment at Delhi’s Singhu Border carries the flag of the All India Kisan Sabha, 21 November 2021. Subin Dennis / Tricontinental: Institute for Social Research

    Neo-Liberal falsehoods

    Originally published: Peoples Democracy on December 17, 2023 (more by Peoples Democracy)  |

    The basic theme is to suggest that under neo-liberalism there has been such an acceleration of the growth rate of Gross Domestic Product that the people as a whole have become much better off, and vast masses of them have been lifted out of poverty (one particular enthusiast has even claimed that poverty now afflicts only 2 per cent of the population).

  • Shipping Container Yard | Jason Pearce | Flickr

    Pitfalls of export-led growth

    Originally published: Peoples Dispatch on December 10, 2023 (more by Peoples Dispatch)  |

    THE wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries like India that were pursuing, in the World Bank’s language, an “inward looking” development strategy.

  • Palestine Israel colonial settlers victimization

    Time to stop settler colonialism under cloak of ‘victimhood’

    Originally published: NewsClicks.in on November 18, 2023 (more by NewsClicks.in)  |

    Israel has become a classic example of settler colonialism in contemporary times, as also a model picture of apartheid.

  • American / Chinese currency

    Western Left and the U.S.-China contradiction

    Originally published: Peoples Democracy on November 5, 2023 (more by Peoples Democracy)  |

    Significant segments of the non-Communist Western Left see the developing contradiction between the United States and China in terms of an inter-imperialist rivalry.

← Previous
  • 1
  • ...
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
Next →

Also By Prabhat Patnaik in Monthly Review Magazine

  • The Drain of Wealth February 01, 2021
  • Neoliberal Capitalism at a Dead End July 01, 2019
  • The October Revolution and the Survival of Capitalism July 01, 2017
  • <em>Monopoly Capital</em> Then and Now July 01, 2016
  • Capitalism and Its Current Crisis January 01, 2016
  • Imperialism in the Era of Globalization July 01, 2015
  • Capitalism in Asia at the End of the Millennium July 01, 1999

Books By Prabhat Patnaik

  • Capital and Imperialism: Theory, History, and the Present March 10, 2021

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.

Trending

  • Airbus A330-243F cargo aircraft
    Russian and Chinese Military cargo planes shuttling weapons, missiles, supplies into Iran
  • Trump
    Mainstream media ignore Trump’s planned Office of Remigration, a term for ethnic cleansing
  • AP Photo / IRNA/ Mostafa Qotbi
    Iran now first line of defense of BRICS and the Global South
  • Figure 2 – Credit: Matt Kenard / Declassified 2023
    The urgency of abolishing Britain’s colonial bases in Cyprus
  • A building damaged in an Israeli strike on Tehran, on 13 June 2025 (Atta Kenner/AFP)
    Exclusive: U.S. quietly sent hundreds of Hellfire missiles to Israel before Iran attack
  • Protesters in San Juan celebrate the resignation of Governor Ricardo Rosselló, July 25, 2019.
    A Potentially Politically Hot Summer in Puerto Rico
  • A banner at a memorial rally for victims of the 2014 massacre of migrants at Tarajal, 2021.
    The Migrant Genocide: Toward a Third World Analysis of European Class Struggle
  • IAEA
    Trump, U.S. intelligence split on Iran, Gabbard sidelined
  • Aftermath of Israeli airstrike in Tehran, June 13, 2025. Photo courtesy Tasnim News Agency/Wikimedia Commons.
    Gaslighting the way to World War III
  • Books
    The Trump administration is banning books on military bases. We sued.

Popular (last 30 days)

  • Airbus A330-243F cargo aircraft
    Russian and Chinese Military cargo planes shuttling weapons, missiles, supplies into Iran
  • Trump
    Mainstream media ignore Trump’s planned Office of Remigration, a term for ethnic cleansing
  • This satellite image from Planet Labs PBC shows six U.S. B-2 stealth bombers parked at Camp Thunder Cove in Diego Garcia on April 2, 2025. Though officially deployed for operations in Yemen, the presence of these nuclear-capable aircraft in striking range of Iran has raised concerns that the U.S. is quietly preparing to support a potential Israeli attack. Photo | AP
    Staging for a strike? U.S. quietly moves bombers as Israel prepares to hit Iran
  • AP Photo / IRNA/ Mostafa Qotbi
    Iran now first line of defense of BRICS and the Global South
  • Plutonian Mac: December 2017
    Official: U.S.-Israeli deception gave Iran false security ahead of attack
  • America is a scam
    America is a scam
  • New Pan-African Path
    Forging a new Pan-African path: Burkina Faso, Ibrahim Traoré, and the Land of the Upright People
  • Figure 2 – Credit: Matt Kenard / Declassified 2023
    The urgency of abolishing Britain’s colonial bases in Cyprus
  • A building damaged in an Israeli strike on Tehran, on 13 June 2025 (Atta Kenner/AFP)
    Exclusive: U.S. quietly sent hundreds of Hellfire missiles to Israel before Iran attack
  • A black and white photograph of Paulo Freire later in life. Freire is bald, bearded, and wears large eyeglasses.
    Pedagogy and Class Power: Reclaiming Freire in an Age of Reaction

RSS MR Press News

  • EXCERPT: Colonial dreams, racist nightmares, liberated futures (from the introduction to A Land With A People) June 13, 2025
  • The legacy of a Sardinian original (Roses for Gramsci reviewed in ‘Counterpunch’) June 13, 2025
  • LISTEN: Gramsci’s lasting contributions (Andy Merrifield on ‘Against the Grain’) June 6, 2025
  • Why did Marxism fall into such deep crisis in the West? (Western Marxism reviewed in ‘Socialism and Democracy’) June 5, 2025
  • A remarkable personal journey WATCH: Andy Merrifield, author of Roses for Gramsci, at The Marxist Education Project June 4, 2025

RSS Climate & Capitalism

  • Global heating isn’t just getting worse. It is getting worse faster. June 19, 2025
  • Ecosocialist Bookshelf, June 2025 June 17, 2025
  • 1.5 is dead: How hot will the Earth get? June 5, 2025
  • Carbon capture company emits more than it captures June 3, 2025
  • Some thoughts on Nature and the German Peasants’ War May 23, 2025

 

RSS Monthly Review

  • June 2025 (Volume 77, Number 2) June 1, 2025 The Editors
  • The Trump Doctrine and the New MAGA Imperialism June 1, 2025 John Bellamy Foster
  • The War in Ukraine—A History: How the U.S. Exploited Fractures in the Post-Soviet Order June 1, 2025 Thomas I. Palley
  • Big Pharma and Monopoly Capital: Four Dynamics in the Decline of Innovation June 1, 2025 Jia Liu
  • What’s going on June 1, 2025 Marge Piercy

This work is licensed under a Creative Commons
Attribution-NonCommercial-NoDerivatives 4.0 International License.

Creative Commons License

Monthly Review Foundation
134 W 29TH ST STE 706
New York NY 10001-5304

Tel: 212-691-2555