Top Menu

Archive | Commentary

Monthly Review Magazine

How to Spend the Money

The ongoing financial and economic crisis has had at least one significant impact on the world of ideas: it has brought back to the forefront the recognition of the crucial role of government expenditure in stabilising economies and averting or mitigating recessions. It is true that the continued opposition of some leaders, such as Angela […]

Continue Reading

Egypt: Waves of Workers’ Strikes

Like 2008, this year is witnessing waves of strikes and demonstrations by Egyptian workers in various sectors and organizations.  Students, pharmacists, lawyers, railway drivers, media people, and even microbus drivers and street cleaners are all demanding more just rights, protesting against their decreasing incentives or trying to rebel against their poor economic status. And as […]

Continue Reading

Bring In the Dead: Martyr Burials and Election Politics in Iran

  اعتراض دانشجویان پلی‌تکنیک به پروژه دفن شهید Beating their chests and wearing black, a procession of young men and women filed toward the gates of Tehran’s Amir Kabir Polytechnic University on February 23.  The mourners — drawn primarily from the ranks of the Basij militia and unaffiliated hardline Islamist vigilantes — were carrying the […]

Continue Reading

Marxism and the Crisis of Capitalism

  Capitalism is going through its greatest crisis since the 1930s or before.  The banking system has been saved from meltdown (at least for the time being) only by extensive government intervention in the USA, Britain, and a number of other countries.  Stock markets all over the world have plummeted.  A long and deep recession […]

Continue Reading

There Is No Zombie Free Lunch

  It is a story that could make The Return of the Living Dead 6.  A group of good people huddle on a roof, with a limited supply of raw meat.  A crowd of zombies surrounds the house: hungry, mad, aggressive.  Fear spreads and bodies collapse; the odour is terrible.  The zombies smell blood and […]

Continue Reading

A One-Day Strike Is Not Enough

The general strike on Thursday, 19 March was an even more significant success than that of 29 January. That very evening, François Fillon gave the finger to 3 million demonstrators, by staying the course on the policy of finding tens of billions only for those responsible for the crisis while telling the strikers and protesters […]

Continue Reading

France: Impressive Strikes and Demonstrations on 19 March 2009

Thursday, 19 March 2009 The new day of united action is incontestably a great success.  On the 19th of March, there were more strikes, more demonstrations, and many more demonstrators than there were on the 29th of January, which was an exceptional mobilization itself. 3 Million Demonstrators at 219 Demos1 For employment, purchasing power, and […]

Continue Reading

El Salvador: Voting in Rebel Territory

  Heading out from San Salvador to Chalatenango, the roads are covered with political propaganda from the ruling right-wing ARENA party.  In the lead up to the March 15 presidential elections in this small Central American country, all of the utility posts have been painted in the party’s colors of red, white, and blue.  Presidential […]

Continue Reading

Hidden Wounds of Occupation

The Roman historian Tacitus denounced Roman imperialism for its plunder and destruction of its colonies, declaring, “They make a desert and call it peace.”  No phrase is more apt in describing what the U.S. has done in Iraq. Two new studies released by the World Health Organization (WHO) and Oxfam reveal the devastating toll on […]

Continue Reading

Keynes, Capitalism, and the Crisis

The essence of Keynes’s contribution was the demolition of Say’s law of markets. Say’s Law argued that supply created its own demand, so that there could never be an actual glut of production. Marx had rejected Say’s Law from the beginning, calling it “the childish babbling of a Say, but unworthy of Ricardo.” But neoclassical […]

Continue Reading

What Difference Does Inequality Make?

  Although many people believe inequality is socially divisive and adds to the problems associated with relative deprivation, what inequality does or does not do to us has remained largely a matter of personal opinion.  But now that we have comparable measures of the scale of income inequality in different societies we can actually see […]

Continue Reading

Anti-communism with a Liberal Face

Murali Balaji, The Professor and the Pupil: The Politics and Friendship of W. E. B. Du Bois and Paul Robeson, New York:  Nation Books, 2007. W. E. B. Du Bois and Paul Robeson have been poorly served by their biographers.  David Levering Lewis and Martin Duberman found these two US communist revolutionaries about as congenial […]

Continue Reading

Why the Islamic Republic Has Survived

Obituaries for the Islamic Republic of Iran appeared even before it was born.  In the hectic months of 1979 — before the Islamic Republic had been officially declared — many Iranians as well as foreigners, academics as well as journalists, participants as well as observers, conservatives as well as revolutionaries, confidently predicted its imminent demise.  […]

Continue Reading