Subjects Archives: Capitalism

A new crisis of capitalism, in the style of 1929.  The theories of casino capitalism are confirmed.  The US government contradicts itself again and heavily intervenes, demonstrating that its confidence in the market isn’t as great as its propaganda displayed.  Neoliberal capitalism spills its guts, and the theories of the Left — Keynesian or anti-capitalist […]

  Jamaica became independent from Britain in 1962.  After almost a decade of “democratic socialist” experimentation in the 1970s, it was made a “model state” for Reaganism and neoliberalism in the Caribbean and Central America during the 1980s, having already undergone an IMF structural adjustment program in 1977.  As a result of economic and political […]

Modern economic class struggle, the unremitting, sometimes hidden, sometimes open, fight between capitalists and workers that erupted in the 19th century and dominated the 20th, is taking on new forms and dimensions in the 21st century. The stakes of this continuing conflict are higher than they have ever been.  Every aspect of human life on […]

  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, […]

Perhaps some governments are unaware of the concrete facts, and so for that reason Raúl’s message setting Cuba’s position seemed to us to be very timely. I shall be generous in the aspects that cannot be dealt with in a brief and precise official statement.

  “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 […]

On October 19, 1950, more than 400 thousand voluntary Chinese combatants, on orders from Mao Zedong, crossed the Yalu and waylaid the US troops that were advancing towards the Chinese border. The US units, surprised by the vigorous response of the country they had underestimated, were forced to withdraw towards a region near the southern coast, pushed back by the joint action of the Chinese and North Korean forces. Stalin, who was immensely cautious, offered far less support than Mao had anticipated, though the MiG-15 aircrafts piloted by the Soviets, over a limited 42.5-miles front, proved valuable help during the initial stage of the conflict in protecting land forces during their intrepid advance.

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 […]

This is a serious subject.

The summit meeting of leaders of the eight most highly industrialized powers on the planet took place July 7-9 at a mountain retreat on the banks of the Toyako, a lake formed inside a volcanic crater located in the north of the island of Hokkaido, in the northern reaches of the Japanese archipelago. It would be hard to choose a site more removed and distant from the madding crowd than this.

  David Harvey is a Distinguished Professor of Anthropology at the City University of New York (CUNY) and author of various books.  He has been teaching Karl Marx’s Capital, Volume I for nearly 40 years.  Help keep this open course online: donate.

Prophecies of Downfall The fact that Marx finally began with the composition of his long-planned economic work in the winter of 1857/1858 was directly occasioned by the economic crisis that broke out in the autumn of 1857 and the concomitant expectations of a deep trauma from which capitalism would no longer recover.  “I am working […]

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 […]

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 […]

Tuesday, March 18 marked the fifth anniversary of the arrest of more than 70 quislings, the capos of imperialism’s fifth column in Cuba who, paid by the U.S. government, violate the laws of the land and share the opinion that this dark corner of the world should be swept off the map. On that date…

In this reflection I will go by news received from different sources, including international cable services, –without specifically recognizing any of them as the information source, but strictly abiding by the text of the news- books, documents, the Internet, and even questions asked to well-informed sources.

The empire is not resigning itself to being the only loser at the Rio Group meeting held in Santo Domingo on March 7. It wants to set up the bloody mess once more. That is not difficult to demonstrate.

The ideology of neoliberal globalization has been on a roll since the early 1980s.  It was not in fact a new idea in the history of the modern world-system, although it claimed to be one.  It was rather the very old idea that the governments of the world should get out of the way of […]

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 […]

“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 […]

“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 […]