Subjects Archives: Political Economy

  • Ten Years Since the UPS Strike: Globalization and Inequality

    What will it take to shine a spotlight on the vast income gap between the very rich and everyone else in the US today, in the way that Michael Moore’s film Sicko exposes the injustices of privatized health care?  Ten years ago, on August 4, 1997, when 185,000 UPS workers went out on strike, they […]

  • Turkish Elections and After

    The July 2007 elections ended with results beyond the expectations of most observers.  We will watch for possible coming earthquakes. To explain the AKP’s election victory, in addition to the AKP’s own tactics and policies, exogenous factors should be taken into consideration.  These include the large vacuum at the centre right and center left of […]

  • New Element Discovered: Capitalisium

      A public university sociology department has recently announced the discovery of the most toxic element yet known to social science.  This new element has been named Capitalisium (Cp).  Capitalisium is a very volatile, dynamic, and toxic element, containing 1 positron, 1 neutron, and 1 huge electron along with boards of electrons, various vice electrons, […]

  • Profit without End: Capitalism Is Just Getting Started

    Debates concerning the “Socialism of the 21st Century” are experiencing an upswing at the moment.  However, this century will initially be rather one of capitalism than socialism.  Not because there is once more an economic recovery.  Prosperity and crisis alternate constantly in capitalism, but behind this up-and-down process are tendencies towards an extension and further […]

  • Total Capitalism

      I recently received a circular from the Local Authority of the district in London where I live, which addressed me as a “customer.”  I should really be inured by now to neoliberalism’s relentless penetration of the “life world,” but it took me aback all the same.  I don’t buy anything from my local council; […]

  • The Repressed History of the United States: Revolution, Egalitarianism, and Anti-imperialism [La historia reprimida de Estados Unidos: revolución, igualitarismo y antiimperialismo]

    Recientemente, aprovechando un nuevo aniversario del nacimiento de George Washington, el presidente George W. Bush aprovechó para comparar la Revolución americana del siglo XVIII con la guerra en Irak.  De paso recordó que el primero, como el último, había sido “George W.” La técnica de las asociaciones es propia de la publicidad.  Según ésta, una […]

  • Mass Political Withdrawal

    In regular high-school rituals, teachers berate students for their disinterest in, mockery of, and/or failure to focus on “the important issues” in elections for student government.  Students are forced to hear about cherishing their right to vote, taking the issues seriously, and participating fully.  Most never do.  Some notice that teachers likewise take little interest […]

  • The US and the 21st Century

    Introductory Note: This essay is an adaptation and reworking of a historic 1963 document of the Students for a Democratic Society.  Its original was mimeographed in several thousand copies and distributed jointly by the SDS National Office and the newly-created Economic Research and Action Project (ERAP).  America and the New Era was intended to be […]

  • Today’s Haunting Specter (or What Needs Doing)

    An attractive social democrat, Ségolène Royal, just lost the French presidential race to a neoliberal candidate, leaving French leftists debating the causes of their failures and what to do about them.  The center-left in Italy recently defeated the staunch neo-liberal, Sylvio Berlusconi.  Yet its incapacities to define a new and different social program or mobilize […]

  • In Favor of Democracy in the Media, for the Legitimate Right of the Venezuelan Government to Decide Who Shall Broadcast on Its Airwaves [A favor de la democracia en los medios, por el derecho legítimo del gobierno venezolano a disponer del espacio radioeléctrico]

    A mediados de los años setenta, los países no alineados reclamaron un Nuevo Orden Mundial económico e informativo.  Esa decisión provocó con el tiempo la retirada de Estados Unidos de la UNESCO.  Durante muchas décadas, apenas cinco grandes monopolios retuvieron el control de los flujos informativos.  Es solamente ahora cuando la exigencia de entender la […]

  • Zero Hour for Venezuela’s RCTV

    The expiration of Venezuelan broadcaster RCTV‘s public concession draws near: at 11:59pm on Sunday, May 27th, RCTV’s concession will expire without renewal, and its space on channel 2 will be handed over to the newly-founded Venezuelan Social Television (TVes), which will begin broadcasts at 12:15am on May 28th.  This sovereign decision of the Venezuelan government […]

  • The Big Picture

    A People’s History of the World by Chris Harman Universal or synoptic histories are not favored by professional scholars.  As specialists, they prefer the detailed monograph to sweeping world histories.  They look askance at those naive enough to believe that global history can be encompassed in one volume.  They know better, they say. It is […]

  • The Debate Heats Up

    Atilio Borón, a prestigious leftist intellectual who until recently headed the Latin American Council of Social Sciences (CLACSO), wrote an article for the 6th Hemispheric Meeting of Struggle against the FTAs and for the Integration of Peoples which just wrapped up in Havana; he was kind enough to send it to me along with a […]

  • The Monthly Review Story: 1949-1984

    I wrote this as a paper for a seminar in history during my first year of grad school at the University of Washington in 1984.  It was a labor of love for me because it gave me an opportunity to read every single issue of Monthly Review , all of which were carefully kept in […]

  • Another “Reform” Fraud from Chidambaram

      Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review.  Its April 2007 issue features the following editorial. — Ed. The “reform” offensive that started in 1991 as New Economic Policy has continued 15 years with different cover stories — as “recovery from BOP crisis” or “shining India” […]

  • Capital and Nature: An Interview with Paul Burkett

    1.  The year 2007 marks the 140th anniversary of the publication of the first volume of Marx’s Capital.  In your perspective, what is the main contribution of that major work to the understanding of contemporary capitalism? Marx’s Capital establishes three essential contradictions of capitalism which grow in intensity as the system develops historically.  These contradictions […]

  • Imperial Sunset?

    For the first time since its rise as a superpower the United States is facing a serious threat to its hegemony across the globe. In February this year, Russian President Vladimir Putin addressed a security conference in Munich that had 250 of the world’s top leaders and officials in attendance, including such luminaries as the […]

  • Old Distributions, New Economy

    The macro march backward of domestic income and wealth distribution has become remarkable.  At least we thought so enough to pen the following remarks.  In 2006 the corporate profits share of the national economy retouched its 1929 high.  Wage and salary income broke its 8 decade low watermark.  Our new economy increasingly replicates the distributional […]

  • Favorite Color: Red

    KARL MARX: A Life by Francis WheenBUY THIS BOOK It is fitting that a man who framed a dialectic based on violent contradiction — on thrust and counter-thrust, struggle and counter-struggle — should have lived a life fraught with contradictions.  In Francis Wheen’s biography, Karl Marx is neither hero nor nemesis, but a man of […]

  • A Historic Turn: What Is at Stake beyond the Wolfowitz Scandal?

      The Boards of the World Band and the International Monetary Fund that are meeting in Washington D.C. on 14-15 April are in dire straits.  The President of CADTM-Belgium, Eric Toussaint, explains. The Spring meetings of the WB and the IMF are taking place this weekend.  What is at stake? These two institutions are going […]