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A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
Karl Marx was a materialist – more than that, he was a historical materialist. Marxists, in order to establish their credentials in political arguments, frequently claim that they are giving a materialist analysis of a phenomenon. The claim that a materialist analysis is being provided both attests to the Marxist credentials of the argument, and […]
For the past year,, we have all experienced an intense sort of political vertigo. Of course, part of this is due to the fact that Donald Trump is president and constantly scoops the story of the latest outrage about himself by performing yet another outrage just as we start discussing the previous one.
For those on the Left, finance seems like a bourgeois pastime. Many of us outright despise the stuff. While the petit bourgeoisie drool over dividends and diversification, we prefer to focus on crisis and class.
A literalist, out-of-context reading of Marx can get one into trouble, or at the very least, leave you hopelessly confused. For help, I look to David Harvey. Perhaps the preeminent expert on Marx’s Capital in the English-speaking world, Harvey meticulously reconstructed Marx’s approach to money in his major treatise, Limits to Capital (1982).
In a posthumously published essay, Martin Luther King, Jr. pointed out that the “black revolution” had gone beyond the “rights of Negroes.” The struggle, he said, is “forcing America to face all of its interrelated flaws—racism, poverty, militarism and materialism. It is exposing the evils that are rooted deeply in the whole structure of our […]
Warren Buffett is one of the wealthiest people in the world. He is also Chairman of the Board, President and Chief Executive Officer of Berkshire Hathaway, a huge U.S. investment conglomerate. Looking at Berkshire’s investment policy reveals some important features of the economics of imperialism today and the role of money capitalists.
Juan Orlando Hernández, who was “elected” president in Honduras as a result of fraud and corruption, will hold his swearing in ceremony on January 27 in what may be the first closed-door inauguration (although his government has purposely not shared details about the ceremony).
In an exclusive interview with teleSUR, Brazilian professor and researcher Sabrina Fernandes discusses former President Luiz Inacio “Lula” da Silva’s Jan. 24 corruption trial and forthcoming elections in the South American country.
Students are much too busy to think these days. So, when a junior comes to talk with me about the possibility of my directing their senior thesis, I ask them about their topic—and then their schedule. I explain to them that, if they really want to do a good project, they’re going to have to […]
Thousands of people will gather next week in Davos. Their combined wealth will reach several hundred billion dollars, perhaps even close to a trillion. Never in world history will be the amount of wealth per square foot so high. And this year, for the sixth or seventh consecutive time, what would be one of the […]
“The economic base built in Mao’s era laid the foundation for a sovereign capitalist development.”
Forida is a 22-year-old sewing machine operator in a clothing factory in Dahka, Bangladesh. She often works 12-hour days producing clothes for brands such as H&M and Target. Sometimes, during busy production cycles, the hours are even longer.
Before I go any further with this let me state that I’m not a Trotskyist, or a Leninist, or a Stalinist or a Maoist (but I might have been all of the above, with exception of Maoist, at one time or another).
On its deadly run through the Caribbean last September, Hurricane Irma lashed northern Cuba, inundating coastal settlements and scouring away vegetation. The powerful storm dealt Havana only a glancing blow; even so, 10-meter waves pummeled El Malecón, the city’s seaside promenade, and ravaged stately but decrepit buildings in the capital’s historic district. “There was great […]
Unless you have been living under a rock for the past few weeks, it is unlikely that Ahed Tamimi’s story, will come as news to you, despite the mainstream media’s best efforts.
Daniel Ellsberg is perhaps the premier whistleblower of all time, the man who in 1971 dragged the Pentagon Papers out of top-secret darkness into the light. Yet even as excerpts from the papers’ 7,000 pages were being published by The New York Times, The Washington Post, and other newspapers, Ellsberg was sitting on an entire […]
A recently published paper by three Yale scholars reveals “that Americans, on average, systematically overestimate the extent to which society has progressed toward racial economic equality, driven largely by overestimates of current racial equality.”
I remember many years ago sitting through a seminar at Macquarie University in Sydney during my Honours studies in Politics. That particular seminar focused on Western colonialism in the South Pacific, and modern Western imperialism in general. I remember one thing vividly from that class that remained etched into my mind. It was a question […]
Behind the backs of the U.S. and world populations, social media companies have built up a massive censorship apparatus staffed by an army of “content reviewers” capable of seamlessly monitoring, tracking, and blocking millions of pieces of content.
Last week, Thomas Frank welcomed Paul Krugman to the ranks of those who believe that the American working-class in recent decades has often voted against its fundamental economic interests by supporting conservative Republicans.
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