Archive | Monthly Review Essays

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 humans to possibly come close, let alone remove the molten nuclear residue.

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.

Monopoly capitalism emerged from “laissez-faire” capitalism in the late nineteenth and early twentieth centuries, allowing giant corporations to dominate the accumulation process.

This previously unpublished essay is taken from volume 1 of Mészáros’s Beyond Leviathan: Critique of the State, which remained incomplete at the time of his death in October 2017. —The Editors