MR Online
A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
When we talk about generations, we tend to talk as if history has always been divided up into them. But the idea of distinct eras of cohorts each defined by some unique spirit is not timeless. The notion of a generation was borne of a conception of history as a machine of progress—a claim central […]
Since the Great Recession there has been much debate on the nature of capitalism and the crisis of neoliberalism. Often this has resulted in theories which emphasise finance capital, precarious employment, and play to a generally left Keynesian politics, such as that being pursued within the Labour Party currently.
Jason W Moores Capitalism in the Web of Life sets itself the challenge of locating an account of capitalist commodity production inspired by Karl Marx within the biological, chemical and geological totality we normally call nature. The ambition of the book is therefore immense. Moore proposes a method for understanding world history that shows how […]
Before I began this essay I read through some of my past forays that mentioned climate change and capitalism, the first I think, being in 2006 where I opined in a piece on the ‘War on Terror’.
Every airport bookstore features books with titles like 10 Ways to Retire Rich, 150 Places You Must Visit Before You Die, or 8 Easy Steps to a Flatter Tummy, with the numbers in very large type on their covers. They are the publishing equivalent of junk food, quickie books written to match titles that were […]
The authors of the report confirm what Branko Milanovic and others had previously discovered: that a representation of the unequal gains in world economic growth in recent decades looks like an elephant. Thus, the real incomes of the bottom 50 percent of the world’s population (except the poorest, at the very bottom) have increased, the incomes […]
Schumpeter’s theory is interesting for several reasons. It was formulated at the same time as Lenin’s and Luxemburg’s and clearly with the knowledge of the two. It reacts to the exactly the same events as theirs. It is different though and it was held by Schumpeter throughout his life. The key text for Schumpeter’s theory […]
MISHA GLENNY’S new series McMafia was launched on BBC TV on New Year’s Day. It is an appropriate if depressing opener for the new year.
My father was a socialist, who participated in the Resistance against the Nazis. My mother leaned more towards anarchism. My first philosophy teacher, Jean Paul Sartre, was a fellow traveller of the French Communist Party. When I was a teenager, there was a terrible colonial war in Algeria and I stood up against it. When […]
In announcing his long-avoided royal commission into banking, Malcolm Turnbull said that “it will not put capitalism on trial”. What a shame!
Social reproduction theory (SRT) sounds quite intimidating, but the (rather grandiose) anthology of big words masks a relatively simple question: if capitalist production is fundamentally the production of commodities, and it is workers who produce such commodities, who ‘produces’ the worker?
Whether one believes that law is provided by God (Natural Law), is created by human intellect (Positivism), a gendered institution perpetuating patriarchy (Feminism) or the maintainer of the status quo against marginalised groups (Critical Legal Studies), undergirding those beliefs is the assumption that law is autonomous.
Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics reveals the irreconcilable differences between the Marxist economic definition of the term ‘value’ and its other uses in relation to the art object. It corrects the faulty assumption that rare or historical objects bear intrinsic value, symptomatic of capitalist worldview. Beech’s analysis of […]
Looking at the present and future system of capitalism, there is a vital crisis at the heart of it all. Democratic capitalism, starting out in the 18th century, has had its ups and downs but even Marx, Keynes, Rosa Luxemberg, and Kondratieff have all failed to establish theories to break out of the capitalist system.
David Russio takes a look into the punishments (deaths) that come from capitalism. For is it really bringing balance to the destruction that it causes. That seems to be the loaded question we all know the answer to.
Talk by Robin D. G. Kelley on “What is Racial Capitalism and Why Does It Matter?” recorded November 7, 2017 at Kane Hall, University of Washington, Seattle, WA. Sponsored by the UW Simpson Center for the Humanities.
This is expanded and updated from an article first published in German in Das Argument: Zeitschrift für Philosophie und Sozialwissenschaften, no. 323 (2017/3); republished with the kind permission of its editors; originally presented in a panel “The Crisis of the Political,” Institut für kritische Theorie, Berlin, June 9, 2017. For their comments and suggestions, I […]
The Precariat under Rentier Capitalism Guy Standing We are in the midst of a Global Transformation, analogous to Karl Polanyi’s Great Transformation described in his seminal 1944 book. Whereas Polanyi’s Transformation was about constructing national market systems, today’s is about the painful construction of a global market system. To use Polanyi’s term, the ‘dis-embedded’ phase […]
It is probably obvious to everyone that global capitalism is in dire straits, notwithstanding the brave talking up of output recovery that now characterises almost every meeting of the international governing elite. Even so, discussions of the end of capitalism still typically seem overstated and futile, not least because those hoping and mobilising for bringing […]
Let us not forget that Standard & Poor, Moody and Fitch rating services are financed by the banks and therefore have no real independence.
MR Press News Climate & Capitalism Monthly Review