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  • Monthly Review Essays
  • Flickr obamacare | Sebastian Vital | Flickr

    Obamacare with a public option: fool me twice shame on me

    Originally published: Thomas Palley Blog on March 3, 2020 (more by Thomas Palley Blog)

    There is an old saying “Fool me once shame on you, fool me twice shame on me.” That saying is relevant for the current healthcare debate in which former Vice-President Biden and elite Democrats are touting a reheated version of Obamacare with a public option. It is a case of trying to fool the American public twice.

  • www.thebalance.com

    A Stock Market boom is not the basis of shared prosperity

    Originally published: Thomas Palley Blog on January 22, 2020 (more by Thomas Palley Blog)

    The U.S. is currently enjoying another stock market boom which, if history is any guide, also stands to end in a bust. In the meantime, the boom is having a politically toxic effect by lending support to Donald Trump and obscuring the case for reversing the neoliberal economic paradigm.

  • Brazil is falling under an evil political spell

    Originally published: Thomas Palley - Economics for Democratic and Open Societies on October 12th, 2018 (more by Thomas Palley - Economics for Democratic and Open Societies)

    Bolsonaro—an open advocate of racism, sexism, torture, and police execution squads—represents the resurrection of the fascist political tradition. That tradition discards norms of decency, tolerance, compromise and due process whenever they obstruct taking power.

  • A Liberal Party poster encouraging Free Trade over Protectionism in London (c1905-c1910)

    Three globalizations, not two

    Originally published: FMM Working Paper on June 30, 2018 (more by FMM Working Paper)

    The conventional wisdom is there have been two globalizations in the modern era. This paper challenges that view and argues there have been three globalizations, not two.

  • Globalization checkmated? Political and geopolitical contradictions coming home to roost

    Originally published: Political Economy Research Institute on July 24, 2018 (more by Political Economy Research Institute)  |

    The deepening of economic globalization appears to have ground to a halt and the process may even unravel a little. The sudden stop has surprised economists, whose belief in globalization has strong parallels with Fukuyama’s (1989) flawed end of history hypothesis.

  • Explaining Stagnation: Why It Matters

    Thomas I. Palley

    Larry Summers and Paul Krugman have recently identified the phenomenon of stagnation.  Given that they are giants in today’s economic policy conversation, their views have naturally received enormous attention.  That attention is very welcome because the issue is so important.  However, there is also a danger that their dominance risks crowding out other explanations of […]

Also By Thomas I. Palley in Monthly Review Magazine

  • The War in Ukraine—A History: How the U.S. Exploited Fractures in the Post-Soviet Order June 01, 2025
  • The Limits of Minsky’s Financial Instability Hypothesis as an Explanation of the Crisis April 01, 2010

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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    Can carbon dioxide removal save the climate?
  • A 2010 advertisement for Blender, a concept store, created by advertising agency Rafineri
    The everyday horror of modern sexism
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    Intellectuals and neo-fascism
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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

  • Can carbon dioxide removal save the climate? June 29, 2025
  • 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

 

RSS Monthly Review

  • July-August 2025 (Volume 77, Number 3) July 1, 2025 The Editors
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  • Venezuela’s Communal Project July 1, 2025 Ángel Prado
  • Socialist Communes and Anti-Imperialism: The Marxist Approach July 1, 2025 Chris Gilbert
  • The Worker-Peasant Alliance in the Transition to Socialism Today July 1, 2025 Prabhat Patnaik

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