Mike Davis’ The Monster Enters updates his earlier book on capitalism and pandemic disease to reflect on the current failure of the neoliberal state, finds Elaine Graham-Leigh
Subjects Archives: Capitalism
We have become used to ‘stay at home’ in the corner of our TV screens, behind nightly government press conferences, repeated over and over on the radio and in social media.
ÖŞK: In an interview with Michael D. Yates (“Trump, neo-fascism, and the COVID-19 Pandemic,”April 11, 2020, MR Online) you mentioned that “Capitalism is in its biggest crisis this century.” What makes this crisis the “biggest”? What will the outcome of this crisis look like? Will this crisis and failure lead to a major change in […]
Is oil a stranded asset? Or is the system defunct? This thought-provoking talk was given by Andy Higginbottom, Associate Professor in the Politics Department of Kingston University in Britain. In this talk he looks at Marx’s theory of rent as surplus profit and its parallels within the oil markets.
Early evidence on the intensity and drivers of the COVID-induced crisis in the U.S. and Europe suggests that the official response may lengthen the recession and delay recovery
Death cult capitalism–now the dominant variety–accepts some losses among the royal caste as an acceptable trade-off for creating a world in which millions of lives are extinguished to lube the system and keep the good stuff rolling in, feeding the insatiable parasites at the top whose lust for short term profits has no end.
In all, Sanyal’s work is engaging, remarkable in its cross-disciplinarity, and fresh. Though its influence has been concentrated in Indian academia, I urge my colleagues elsewhere to give it a read. It will definitely make you think.
For capital, profits come from disease, not peoples’ health. COVID-19 shows the consequence of disease capitalism in a globalized world, the rich—countries or individuals—will not be spared either.
The balance of nature is not the same today as in Pleistocene times, but it is still there: a complex, precise, and highly integrated system of relationships between living things which cannot safely be ignored any more than the law of gravity can be defied with impunity by a [person] perched on the edge of […]
With nearly everyone trapped at home for the fiftieth anniversary of the first Earth Day, Michael Moore released a film that picks apart the U.S. environmental movement as it may have looked ten years ago, and then misleadingly presents it as breaking news.
The article seeks to re-emphasise that as capitalism exploits society and nature for its own expanded reproduction, it cannot but revolutionise the productive forces, in terms of science and technology. On the other hand, however, it also creates fetters to the realisation of the potential that it creates, by making it a slave to the logic […]
The election in Ireland in early February marked a clear acceleration of the country’s ongoing left turn over recent years. Then came the virus.
America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980.
As the COVID-19 health crisis deepens, it looks increasingly clear that the short-term collapse in global output is likely to exceed that of any recession in the last 150 years–that is, in the entire history of capitalism. The ILO estimates that the crisis will lead to the destruction of 195 million jobs. Hence, after discussing […]
The same proposals that were demonized yesterday as radical socialism are embraced today to save the society from collapse.
A great hazard looms. Under duress and as chaos mounts, capital may find it useful to revert to the extremist, even brutal, measures figuring in its past.
How could Karl Marx (1818–1883) help us interpret the current crisis? His theory of history offers critical resources to interpret the unprecedented crisis which is shaking the world today, while indicating at the same time that ‘the world after’ so much mentioned could only be anti-capitalist.
Cuba’s preparation for COVID-19 began on January 1, 1959. On that day, it laid the foundations for what would become the discovery of novel drugs, bringing patients to the island, and sending medical aid abroad. Coping with HIV/AIDS, dengue fever and Ebola helped Cuba develop the ability to cope with pandemics, both internally and abroad.
As COVID-19 grips the world, in country after country, there is socialization of healthcare and of production of some essential goods, which markedly departs from the capitalist norm
With the U.S. failing and China taking a leadership role in the international response to this crisis, could the COVID-19 crisis mark a turning point in the transition to a multipolar world in which China will be just as important as a world leader as the United States?