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Subjects Archives: Capitalism

International Capital Dominates Brazilian Agriculture

  The Movement of Financial Capital In recent years, there has been an intensive, continuous process of concentration and centralization of corporations operating and controlling the entire production process of global agriculture. Concentration is the concept used in political economy to explain the movement of large corporations to combine, accumulate, and become large groups.  Thus, […]

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Dual Crisis

  “When we talk about a financial crisis, it’s really only a symptom. . . .  Financial adventurism is essentially what we have been witnessing for the last thirty or forty years, exploding from time to time in the form of financial crisis.  It’s really adventurist, speculative capital which has to find in some way […]

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How the Left Saved Capitalism

There is an entire genre of theory explaining why the Western capitalist democracies did not undergo socialist revolution in the 20th Century, as Classical Marxism had predicted.  Not surprisingly, most of this material comes from the Left itself.1 We can include Antonio Gramsci’s work on hegemony in this genre, as well as the entire output of […]

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The Capitalist Workday, the Socialist Workday

As May Day approaches, there are four things that are worth remembering: For workers, May Day does not celebrate a state holiday or gifts from the state but commemorates the struggle of workers from below. The initial focus of May Day was a struggle for the shorter workday. The struggle for the shorter workday is […]

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Capitalism and Climate Change

John Bellamy Foster, Marxist ecologist and editor of Monthly Review, addressed the Climate Change I Social Change Conference on “Capitalism and Climate Change,” Sydney, April 11, 2008.  Foster’s talk was part of a panel discussing “Climate Change and Its Social Roots.”  The conference was organized by Green Left Weekly.  Below is Foster’s talk in five […]

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Rick Wolff

The Rating Horrors and Capitalist “Efficiency”

Many aspects of our “efficient” capitalism combined to produce the credit meltdown that now threatens ever more aspects of the global economy.  One was the private rating companies’ failure to accurately assess and honestly reveal the risks of securities based on a “bundle” of loans (securities that provide their owners with a portion of that […]

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Rick Wolff

Neoliberal Globalization Is Not the Problem

“O there are times, we must confess To harboring a whim — we Like to picture old Karl Marx Sliding down our chimney” — Susie Day “Help fund the good fight.   By contributing to MR, you help reinforce the left and reclaim the future.” — Richard D. Vogel “To do my part, I just […]

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Capitalism’s Beverage & the Obesity Epidemic

The Los Angeles Times reports that Disneyland is retooling its boats-on-water rides because of the raging obesity epidemic in the United States, “to deal with the delicate problem of bottoming-out boats.” People are simply getting too fat for the existing rides, including the now satirically named “It’s a Small World”: “Forty-one years after the whimsical […]

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The New Globalized Auto Plant Corridor

Globalization, 2: US Autoworkers, 0

The recent UAW ratification of the Chrysler contract that contains many of the same provisions that were adopted in the labor agreement signed with GM last month is another major blow to the jobs and welfare of US autoworkers.  Globalization, the Big Three’s grand strategy of pitting the workers of North America against one another […]

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Financial Capital: Crises Are Part of the Game

Everything went well during the summer of 2007.  The economy was in an upswing and stock-market prices rose even faster.  Then the end of the housing boom in the United States triggered an international financial crisis.  Up to now it has been contained by heavy central-bank intervention; but the euphoria is gone.  The world of […]

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