Subjects Archives: Capitalism

  CP: After twenty-five years of sporadic growth and extreme polarization of income and life conditions around the world, actually existing neoliberalism seems to be on the verge of collapse.  Where do you situate the current crisis in the history of the development of global capitalism? JBF: Neoliberalism has clearly collapsed.  But as Fred Magdoff […]

The other day I noted some of Obama’s ideas that point to his role within a system that is the negation of every just principle.

Last Tuesday, the 20th of January of 2009, Barack Obama assumed the leadership of the empire as the 11th president of the United States since the triumph of the Cuban Revolution in January of 1959.

  Peter Linebaugh and Fabian Tompsett guided a tour around the City on 12 November 2008, taking in landmarks of capitalist crisis past and present. Mute is an online magazine dedicated to exploring culture and politics after the net.

  Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review.  Its January 2009 issue features the following editorial. — Ed. Another spectacular hole in the torn fabric of the “success story” of the neoliberal “reform” has opened in recent days.  Though but a week has passed from the […]

  WIN: According to a quotation by Jim Reid that you and Fred Magdoff included in your article entitled “Financial Implosion and Stagnation” (Monthly Review, December 2008), the U.S. financial sector has made around 1.2 Trillion ($1,200) of “excess” profits in the last decade relative to nominal GDP.  How has the structure of the capital […]

The current crisis of the capitalist world is commonly explained as resulting from “a lack of government regulation of the financial sector”, “insufficient supervision allowing reckless lending by financial institutions”, “the unbridled greed of the financiers”, in short a series of mistakes and aberrations.  These have contributed to a “systems failure” in the words of […]

“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we put […]

  “Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we […]

Can the capitalist society avoid it? News about this issue are far from encouraging. The project to be submitted for approval on December next year in Copenhagen, where the new Convention that will replace Kyoto’s will be discussed and approved, is being currently analyzed at Poznan.

“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we put […]

“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we put […]

“Our community is expanding: MRZine viewers have increased in number, as have the readers of our editions published outside the United States and in languages other than English.  We sense a sharp increase in interest in our perspective and its history.   Many in our community have made use of the MR archive we put […]

Although it may sound simple, it is a very difficult subject to explain. The U.S. Federal Reserve system, resulting from a fully developing capitalism, was established in 1913. Salvador Allende, a man we remember as someone of our times, was already 15 years old.

Over the 1980s and 1990s we witnessed the simultaneous rise of two reactionary political projects, Hindutva and neoliberalism, to a position of dominance in India.  Such a combination is not unusual, in that neoliberalism is usually allied with and promoted by socially reactionary forces (such as the hyper-nationalism of the “bureaucratic-authoritarian” dictatorships in Latin America, […]

Today, I read that the US Federal Reserve had opened a new line of credit for the Central Banks of Mexico, Brazil, South Korea and Singapore.

John Bellamy Foster: We need to go down to 350 parts per million [the safe upper limit for carbon dioxide in the atmosphere], which means very big social transformations on a scale that would be considered revolutionary by anybody in society today — transformation of our whole society quite fundamentally.  We have to aim at […]

Here is Capital, Volume One, pictured as a word cloud identifying 125 words that most frequently appear in the volume and representing the size of each word in proportion to its frequency (the more frequently a word is used in the volume, the larger it is in the picture). Click here to download the word […]

  金融危機是全球化資本主義的罩門？ 知名經濟學者阿敏專訪 Samir Amin: “It’ a monster, yes, it’s a monster, but it’s a monster which can be defeated also.  This pattern of globalization, this pattern of the exclusive rule of dominant capital, that is, of oligopolies, is not acceptable and is not accepted.  The breakdown is starting by the financial crisis, because financial […]

In Zulia, Chavez made reference to “comrade Sarkozy,” and did so with a certain irony but he meant no offense. On the contrary, he was rather recognizing the sincerity of the president when he spoke in Beijing in his capacity as chairman of the European Community.