The money trail of U.S. Sanctions leads to the Federal Reserve Bank of New York, which—behind the shadow of secrecy laws that effectively prohibit any form of public accountability—facilitates the theft of public wealth from targeted countries on a scale only previously accomplished through military invasion and occupation.
The Monthly Review essay series
Not long before the Twin Towers fell, the Italian philosopher Giorgio Agamben resurrected a concept anathema to the liberal notion of progress—the idea that unrelenting crisis is not necessarily exceptional. Agamben employed the image of “the Camp” to describe the space and time “when the state of exception begins to become the rule.”
Daniel Tanuro is an agricultural engineer and leading socialist activist who has made numerous contributions to ecosocialist thought and practice, most notably, in his book Green Capitalism: Why It Can’t Work. Yet, this has been coupled with persistent claims that there are “fundamental flaws” in Karl Marx’s ecological critique of capitalism.
The alternative to the social and ecological pathology which is becoming all-pervasive in the socioinstitutional and economic fabric of modern capitalist society is to be found in the development of an appropriate, harmonious relationship between humanity, their productive powers, and nature.
Though the voices of rural women in India are some of the least heard, they are not mere passive victims. Many rural women strongly condemn their marginalization and pauperization—highlighting the flawed and biased developmental polices of the state, which they hold largely responsible for their hardships.
One of Marx’s brightest concepts, perhaps his profoundest dialectical construct in Capital, is the “fetishism of commodities.” It emphasizes something very important about the foggy world of appearances and how can forget what lies within, behind what is immediately apparent. We can read it as a parable in which Marx tries to bring to life […]
The American occupation of Haiti lasted from 1915–34. The U.S. subjected Haitians to the hated forced labor system of the corvée, seized control over Haitian finance, and rewrote the Haitian Constitution at gunpoint, enabling foreign companies to acquire land in the country. The distorting and oppressive impacts of the U.S. occupation have been felt in […]
What follows is a somewhat complex tale of what happens when a labor union, structured to be unaccountable to the rank-and-file membership, embraces a system of labor-management cooperation rather than a class-conscious understanding that workers and their employers are adversaries with fundamentally opposed goals and desires.
The potential mass appeal of the Freedom Budget failed to materialize in part because “realistic” compromises were made by its supporters: partisans of the Green New Deal should not make the same mistake.
There is no global social unity in the face of climate disaster. Yet we need a genuinely internationalist rebellion against the corporations at the extractive imperialist heart of British capitalism. Their extinction as a species is required to save the planet.
Palestinian resistance literature helped break the bounds of many of the literary taboos holding Arabic literature back. A whole new genre within a genre developed with the Palestinian intifada. It is a shame that there is no science fiction as future-oriented as Palestinian resistance literature is.
Chapter 25 of Karl Marx’s, Capital, vol. 1 (“The General Law of Capitalist Accumulation”), not only explains the working conditions of the world’s peoples today; it also explains the conditions of our whole existence. Marx’s general law is nothing less than the lever upon which all our lives now pivot.
The recent seven-day strike by the Oakland Education Association (OEA) was eerily similar in key ways to its 26-day strike in 1996. What happened in both cases was that union members and community allies won on the picket lines and in the streets but got a draw, at best, at the bargaining table.
Ndongo Samba Sylla on the history of political economy in pre- and post-colonial Africa, the theoretical bases and political stakes of the anti-CFA Franc movement, and how Modern Monetary Theory (MMT) ought to inform current and future efforts to restore political and economic sovereignty to West African nations.
Neither a Job Guarantee nor a Green New Deal will be won without brave, strong social movements. When it comes to building these movements, we joyfully follow the leadership of more capable community organizers and politicians.
The most critical problem is that three reactors in the Fukushima Daiichi nuclear power plant had been damaged and the 250 tons of more than 1600 spent fuel rods were “reckoned” to have fallen to the bottom of the reactor vessel after having melted at high temperatures. The radiation level there was too high for […]
Something unusual has just happened. The current Economic Report of the President (March 2019)has devoted one full chapter to attacking socialism, under the title “Markets versus Socialism.”
Historically, capitalism develops institutions and ideologies that justify surplus extraction and capital accumulation. In the last decades of the twentieth century, the financialization of capitalism initiated a new era of accumulation which is known in academic contexts as finance-capital-driven neoliberalism.
Both Sweezy and Dimitrov agree that fascism arises in the middle class and becomes a threat when the bourgeoisie embraces it, but Sweezy’s unique contribution is to demonstrate fascism’s relationship to the postwar transitional period of class equilibrium.
Monopoly capitalism emerged from “laissez-faire” capitalism in the late nineteenth and early twentieth centuries, allowing giant corporations to dominate the accumulation process.