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  • Monthly Review Essays
  •  | Trumps tariffs | MR Online

    The empire rebrands

    Originally published: Naked Capitalism on March 2, 2025 by Conor Gallagher (more by Naked Capitalism) (Posted Mar 04, 2025)

    The larger rebrand underway is seeing elite “reconciliation” under Trump and plutocrats line up behind the repackaging from a “woke” empire to a more old-fashioned version focused on race, religion and more brazen exploitation.

  • Underestimate Russia at your own risk: A comparison of Hubris by Germany during WWII and today’s collective West

    Originally published: Naked Capitalism on July 10, 2023 by Conor Gallagher (more by Naked Capitalism) (Posted Jul 12, 2023)

    In honor of the NATO summit July 11 and 12, this is a comparison of how the Nazi leadership in World War Two and today’s collective West similarly underestimated Russia and overestimated their capabilities.

  •  | Train Derailment | MR Online

    How Precision Scheduled railroading at Norfolk Southern caused a toxic Vinyl Chloride mushroom cloud over East Palestine, Ohio

    Originally published: Naked Capitalism on February 12, 2023 by Lambert Strether (more by Naked Capitalism) (Posted Feb 14, 2023)

    In this post, I will not cover what has been well-covered elsewhere: The derailment itself (50 cars, 20 of which carried toxic materials, 14 of those vinyl chloride), the subsquent fire, which burned for three days, the ultimate “controlled release” of the poisonous gas, the toxicity of vinyl chloride, the effects of the poison on locals, their pets, and their streams, or the arrest of the reporter who asked questions at Governor DeWine‘s presser.

  •  | Euro | MR Online

    Michael Hudson on the Euro without Germany

    Originally published: Naked Capitalism on September 30, 2022 by Conor Gallagher (more by Naked Capitalism) (Posted Oct 08, 2022)

    Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time.

  •  | Financial Markets Under Capitalism | MR Online

    The inevitable financial crisis

    Originally published: Naked Capitalism on October 3, 2022 (more by Naked Capitalism)

    Like a traveler sailing the Archipelago who sees the luminous mists lift toward evening, and little by little makes out the shore, I begin to discern the profile of my death.
    — Marguerite Yourcenar, Memoirs of Hadrian

  •  | Newton Mass | MR Online

    How Ashish Jha and Rochelle Walensky of Newton, MA protect their children from Covid (but not yours)

    Originally published: Naked Capitalism on September 25, 2022 by Lambert Strether (more by Naked Capitalism) (Posted Sep 28, 2022)

    Built on seven hills, Newton was one of America’s earliest commuter suburbs.

  •  | Lethal league table of tribulations | MR Online

    Free market genocides: The real history of trade

    Originally published: Naked Capitalism on September 22, 2022 (more by Naked Capitalism)

    Yves here. This piece gives a wide ranging, historically based description of how free market ideology supported colonialist exploitation and often expropriation under the banner of trade.

  •  | Student Loan Forgiveness | MR Online

    Joe Biden could have gone a lot further on student loans

    Originally published: Naked Capitalism on August 27, 2022 (more by Naked Capitalism)

    Yves here. There have been a lot of suggestions about how to improve the Biden student debt forgiveness plan.

  •  | Lambert Strether | MR Online

    A Marine’s assessment of Russia’s Military “Operation” in Ukraine (a “profound appreciation of all three realms in which wars are waged”)

    Originally published: Naked Capitalism on August 14, 2022 by Lambert Strether (more by Naked Capitalism) (Posted Aug 18, 2022)

    We — I’ll use the royal “we” here — at NC have long been aware that analysis and coverage of Russia’s tactics and strategy in Ukraine that is not dictated by organs of state security here in the United States is an inverted pyramid resting on a very small point: A small group of dissidents willing to go on the record with their views.

  •  | Flags of Russia and Ukraine | MR Online

    Russia’s campaign in Ukraine: Nearing an inflection point?

    Originally published: Naked Capitalism on July 18, 2022 (more by Naked Capitalism)

    Notice how the amount of Western reporting on Ukraine has fallen off dramatically? That’s because the war is going well for Russia and its allies.

  •  | Stepan Bandera | MR Online

    Discerning Volodymyr Zelensky

    Originally published: Naked Capitalism on March 8, 2022 (more by Naked Capitalism)

    In this extremely short and simplistic post, I will do what it says on the tin: Scrape away the already deeply impacted layers of wartime propaganda. I propose to do this in the old-fashioned American way: By following the money.

  •  | Euro Dollars Rubles | MR Online

    America shoots its own dollar empire in economic attack on Russia

    Originally published: Naked Capitalism on March 7, 2022 (more by Naked Capitalism)

    Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.

  •  | Following Amazon worker Jennifer Bates powerful testimony at Senator Sanders hearing March 17 more than 50 cities confirmed March 20 demonstrations supporting the Bessemer Alabama union drive | MR Online

    Why Amazon is terrified of Its U.S. workers unionizing

    Originally published: Naked Capitalism on December 4, 2021 (more by Naked Capitalism)

    Amazon continues to abuse its warehouse workers, both in its day-to-day treatment of them and in its thuggish, law-breaking campaign to prevent unionization in the U.S.

  •  | El presidente de México Andrés Manuel López Obrador en la conferencia matutina de prensa | MR Online

    Mexico’s AMLO blasts IMF for causing global crisis, after Fund takes aim at his energy policy

    Originally published: Naked Capitalism on October 29, 2021 by Nick Corbishley (more by Naked Capitalism) (Posted Nov 01, 2021)

    The IMF caused social and economic decadence in the world; they and other international financial organisations are responsible for the global crisis.

  •  | Rentier Capitalism and Its Discontents Power Morality and Resistance in Central Asia By Balihar Sanghera and Elmira Satybaldieva | MR Online

    Central Asia’s neoliberal tragedy

    Originally published: Naked Capitalism on October 15, 2021 (more by Naked Capitalism)

    Resilience cannot be restored without public spending, but the rentier business plan is to minimize taxes by shrinking the government, especially by privatizing its public utilities and other functions to create opportunities for charging monopoly rents, and to oppose taxation of economic rent.

  •  | Xi Jinping Chinas leader | MR Online

    Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism

    Originally published: Naked Capitalism on September 1, 2021 (more by Naked Capitalism)

    This article would have been very useful if it had stuck to its headline warning, which is more or less along the lines that Xi has made very clear that he’s not going to allow investors, above all foreign investors, to exercise more influence in Chinese business and society.

  •  | At an establishment in Sydney Australia that accepts payment in bitcoin | MR Online

    Crypto crackdown: only the beginning?

    Originally published: Naked Capitalism on May 24, 2021 (more by Naked Capitalism)

    The cost and time involved in validating Bitcoin transactions makes it unusable in retail transactions. So they will always be foreign currencies, where you have to trade in and out of them into a real world currency.

  •  | China flag | MR Online

    Michael Hudson: America’s neoliberal financialization policy vs. China’s industrial socialism

    Originally published: Naked Capitalism on April 15, 2021 (more by Naked Capitalism)

    Nearly half a millennium ago Niccolo Machiavelli’s The Princedescribed three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom.

  •  | Students sit for the Diploma of Secondary Education DSE university entrance exams in Hong Kong on April 24 2020 | MR Online

    CDC school reopening guidance suppresses aerosols based on thin evidence and driven by budgetary concerns

    Originally published: Naked Capitalism on February 18, 2021 by Lambert Strether (more by Naked Capitalism)

    For a period of time after this article was originally published (February 18, 2021) it was scrubbed from Google’s search index. When the author, Lambert Strether, realized the piece had been “censored,” it was published a second time on March 1, 2021 with an analysis of the purging. Subsequently, the article magically reappeared in the search […]

  •  | DC Capitol Storming Photo Wikimedia Commons | MR Online

    The class composition of the Capitol rioters (First Cut)

    Originally published: Naked Capitalism on January 18, 2021 by Lambert Strether (more by Naked Capitalism) (Posted Jan 20, 2021)

    The extensive commentary I have read on the Capitol Seizure of January 6 has not, to my knowledge, focused on two aspects of the event: The first is the class composition of the rioters. The second is the actual cost of the event.

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Monthly Review Essays

  • US Imperialism in Crisis: Opportunities and Challenges to a Global Community with a Shared Future
    Sam-Kee Cheng  | A late 1940s Soviet poster showing a US military service member lounging on top of a German factory smoking a cigar The text beneath reads DER DOLLARIMPERIALISMUS dollar imperialism | MR Online

    1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]

Lost & Found

  • Journalism, democracy, … and class struggle
    Robert W. McChesney  | Bob McChesney on Saving Journalism | MR Online

    Our job is to make media reform part of our broader struggle for democracy, social justice, and, dare we say it, socialism.

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