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  • Monthly Review Essays
  •  | Karl Marx | MR Online

    150 years since the Critique of the Gotha Programme

    Originally published: The Next Recession on May 6, 2025 (more by The Next Recession)  |

    The Critique was in a short letter written by Marx 150 years ago. In 2025, it remains just as clear and relevant to understanding communism as the alternative to capitalism.

  •  | 0 | MR Online

    Tariffs, Triffin and the dollar

    Originally published: The Next Recession on April 13, 2025 (more by The Next Recession)  |

    Trump backed down because the bond market was showing signs of severe stress that could lead to a credit squeeze, particularly for hedge funds that own a significant stock of U.S. bonds.

  •  | Of Presidential Crooks Bigots and Incompetents Trump Combines All Three | MR Online

    Trump’s slump

    Originally published: The Next Recession on April 9, 2025 (more by The Next Recession)  | (Posted Apr 12, 2025)

    Where is all this going? Well, it means a slump in production in the U.S. and most major economies; and it means a revival of inflation, particularly in the U.S. This is madness, no? Well, as I said last February when all this kicked off, there is method in this madness.

  •  | 1 | MR Online

    Liberation day

    Originally published: The Next Recession on April 2, 2025 (more by The Next Recession)  |

    It’s not April Fools day (1 April). But it might as well be as later today U.S. President Donald Trump announces another barrage of tariffs on imports into the U.S. in what Trump calls ‘Liberation Day’ and what America’s voice of big business and finance, the Wall Street journal, has called “the dumbest trade war in history.”

  •  | From welfare to warfare military Keynesianism | MR Online

    From welfare to warfare: Military Keynesianism

    Originally published: The Next Recession on March 22, 2025 (more by The Next Recession)  |

    Warmongering has reached fever pitch in Europe. It all started with the U.S. under Trump deciding that paying for the military ‘protection’ of European capitals from potential enemies was not worth it.

  •  | Elon Musk poses with Javier Milei and Donald Trump Photo Elon Musk | MR Online

    Trump’s MAGA and deregulation

    Originally published: The Next Recession on Mrch 2, 2025 (more by The Next Recession)  |

    Trump sees the United States as just a big capitalist corporation of which he is chief executive.

  •  | 1 | MR Online

    A whiff of stagflation

    Originally published: The Next Recession on February 17, 2025 (more by The Next Recession)  |

    The major economies are exhibiting signs of stagflation.

  •  | 1 | MR Online

    AI going DeepSeek

    Originally published: The Next Recession on January 28, 2025 (more by The Next Recession)  |

    DeepSeek, a Chinese AI company, released an AI model called R1 that is comparable in ability to the best models from companies such as OpenAI, Anthropic and Meta, but was trained at a radically lower cost and using less than state-of-the art GPU chips.

  •  | 1 | MR Online

    U.S. economy: An exceptional boom or a bubble to burst?

    Originally published: The Next Recession on December 4, 2024 (more by The Next Recession)  |

    Recently, there has been a spate of articles and commentary about ‘U.S. exceptionalism’, namely that the U.S. economy is bounding forward in terms of economic growth, hi-tech investment and productivity, leaving the rest of the world behind.

  •  | COP 29 | MR Online

    COP-out 29

    Originally published: The Next Recession on November 24, 2024 (more by The Next Recession)  |

    The main issue was how much would the rich countries hand over to the poor countries to pay for the measures to mitigate global warming and handle the damage caused by rising ‘greenhouse gas’ emissions.

  •  | Daron Acemoglu Simon Johnson James A Robinson awarded Nobel Economics Prize 2024   India Today | MR Online

    Why Nations succeed or fail: a Nobel cause

    Originally published: The Next Recession on October 15, 2024 (more by The Next Recession)  |

    Daron Acemoglu, Simon Johnson and James A Robinson have been awarded the Nobel (really the Riksbank prize) in economics “for studies of how institutions are formed and affect prosperity.”

  •  |  | MR Online

    Measuring global poverty

    Originally published: The Next Recession on October 8, 2024 (more by The Next Recession)  |

    To track progress towards its goal of eradicating extreme poverty by 2030, the UN relies on World Bank estimates of the share of the world population that fall below the so-called International Poverty Line (IPL).  

  •  | Marxism and Collapse MC | MR Online

    Marx’s theory of value: Collapse, AI and Petro

    Originally published: The Next Recession on October 3, 2024 (more by The Next Recession)  |

    A site called Marxism and Collapse (M&C) has conducted a ‘dialogue’ with an AI model called Genesis Zero (GZ) that includes “an expansion and refutation” of Marx’s theory of value.  The human voice (M&C) asks questions and leads the AI model (GZ) into discussing the inadequacies of Marx’s value theory and to reach a new, […]

  •  | Capitalism IS the Crisis May 25 2013 March from Union Square to Washington Square New York NY | MR Online

    IIPPE 2024: Imperialism, China and BRICS+

    Originally published: The Next Recession on September 9, 2024 (more by The Next Recession)  |

    The countries of the BRICS+ were just as capitalist and imperialist as the imperialist bloc of the Global North, argued Ngawani. 

  •  | 1 | MR Online

    China’s Third Plenum

    Originally published: The Next Recession on July 24, 2024 (more by The Next Recession)  |

    The Third Plenum is a meeting of China’s Communist Party Central Committee composed of 364 members which discusses China’s economic policy for the next several years.

  •  | 1 | MR Online

    Tariffs, technology and industrial policy

    Originally published: The Next Recession on May 20, 2024 (more by The Next Recession)  |

    Last Tuesday, the trade and technology war launched by the U.S/.on China back in 2019 took another ratchet up.

  •  | Vulture Capitalism Corporate Crimes Backdoor Bailouts and the Death of Freedom Bloomsbury 2024 | MR Online

    Vulture capitalism

    Originally published: The Next Recession on May 8, 2024 (more by The Next Recession)  |

    Grace Blakeley is a media star of the radical left-wing of the British labour movement. She is a columnist for the left-wing journal, Tribune, and a regular panellist on political debates in broadcasting—often the only spokesperson on the left advocating socialist alternatives.

  •  | Source Bert Hofman World Bank data | MR Online

    Modern supply-side economics and the New Washington Consensus

    Originally published: The Next Recession on June 8, 2023 (more by The Next Recession)  |

    Last month, the U.S. National Security Advisor, Jake Sullivan, outlined the international economic policy of the U.S. administration. This was a pivotal speech, because Sullivan explained what is called the New Washington Consensus on U.S. foreign policy.

  •  | Banking crisis is it all over | MR Online

    Banking crisis: is it all over?

    Originally published: The Next Recession on March 27, 2023 (more by The Next Recession)  |

    Bank stock prices have stabilized at the start of this week. And all the key officials at the Federal Reserve, the U.S. Treasury and the European Central Bank are reassuring investors that the crisis is over.

  •  | China Africa friendship continues to flourish on vaccine trade renewable energy | MR Online

    Xi’s third term – part one: growth, investment and consumption

    Originally published: The Next Recession on October 16, 2022 (more by The Next Recession)  |

    China’s Congress of the Communist Party takes place this week. 

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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

  • Strike at the Helm: The First Ministerial Meeting of the New Cycle of the Bolivarian Revolution
    Hugo Chávez  | Mural of Chávez in Caracas Univision | MR Online

    On October 7th, 2012, after hearing of his victory as the nation‘s candidate with 56 percent of the vote, President Hugo Chávez Frias announced from a balcony in his hometown that a new cycle was beginning the very next day, October 8th.

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