Subjects Archives: Political Economy

Yet again, business leaders, politicians, academics, and media are blowing smoke around Greece’s efforts to cope with “national debt” problems.  Something far more important for the world than this small country’s financial travails is at stake.  Indeed, what is at stake affects us all.  What is happening in Greece parallels developments everywhere; only details and […]

  Social Justice and Neoliberalism: Global Perspectives.  Adrian Smith, Alison Stenning, and Katie Willis, eds.  Macmillan/Zed Books, 2008.  253 pages. Following the tradition of critical geographers, this book explores the expansion of neoliberalism into different spheres and spaces of everyday life.  It consists of a collection of essays by writers from the global South, the […]

Pegging their arguments on the still ongoing drama relating to sovereign debt in Greece, conservative opinion is making a case for a reduction of the size of public debt in developed and developing countries across the world.  The latest signatory to the appeal is IMF chief Dominique Strauss-Kahn who reportedly told an audience at the […]

  As the representatives from the European Union, the IMF, and the Greek government are trying to flesh out how Greece can use the EU’s and the IMF’s funding to remedy its fiscal position, the main question hovering above their negotiations is whether Greece can and should follow Estonia’s example in massively cutting public spending. […]

The right-wing Tea Party “movement” has recently grabbed attention in the dominant media again.  On Tax Day last April, it garnered headlines by rolling out its standard high-decibel complaints against “big government,” deficits, taxes, and the supposed “radical” agenda of “Obama, Pelosi, and Reid” and the rest of the Democratic Party.  As usual, the Tea […]

The ongoing political crisis in Thailand has been capturing headlines for some time now, and now even appears to be heading towards some kind of climax.  This political instability reflects more than the resistance of the existing establishment to the increasingly vociferous demands of those who have been marginalised from most of the benefits.  It […]

Tonight you celebrate the independence day of the state of Israel.  I do not. You probably believe that the Jews deserve a state, that the Holocaust survivors and their children had a right to a safe home of their own, and that the Land of Israel is the natural and legitimate place to fulfill the […]

Executive Summary: In its first attempts to regulate carbon emissions, the U.S. government is undermining its own efforts by relying on deeply flawed economic models that lead to gross miscalculations of the impact of carbon on the climate and on the nation’s economic future. Agencies seeking to incorporate climate change considerations in rules and regulations […]

  You now describe yourself as a Marxist, with plans for a Marxist theory group in Hungary in addition to your ongoing work as a writer and political commentator from the Left.  Why Marx now?  In Central and Eastern Europe after 1989, Marxist ideas and theories were hard-pressed to survive their connection to state socialism […]

Being a part of the tremendous coalition effort to pass a divestment bill at Berkeley was quite simply an ecstatic experience.  As my colleague Sydney Levy said, “The movement grew by an enormous leap today.” First, the vote itself: after the UC Berkeley Student Senate originally voted on March 18, by a margin of 16-4, […]

The United States and China seem to have reached an agreement with regard to the exchange rate between their two currencies.  The agreement is that the U.S. government will stop yelling about it, and China will do whatever it wants to do, which will probably include some modest rise in the renminbi some time in […]

  Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review.  Its April 2010 issue features the following editorial. — Ed. There are points when long-term trends emerge openly in the present, and a process normally visible only from a distance becomes an unmistakable part of daily life.  The […]

  CALL TO ACTION Organize Events in Your City! Confront Dow Chemical at the Dow/Live Earth Run for Water Tell Dow: You Can’t Run from Your Responsibilities! APRIL 18 2010, 8:00 am Dow Chemical was among the chief producers and profiteers of Agent Orange during the Vietnam War.  In addition to wartime exposure resulting in […]

  An interview with Egyptian economist Samir Amin: his latest book reiterates his search for alternatives to surpass capitalism, which he describes as “a historical parenthesis”; meanwhile, processes of migration are building a planet of slums. “Memoirs of an Independent Marxist”: that is the subtitle of A Life Looking Forward (Zed Books, 2006), the latest […]

  Benjamin Kline Hunnicutt.  Kellogg’s Six-Hour Day.  Philadelphia: Temple University Press, 1996.  x + 261 pp.  $33.95 (paper), ISBN 978-1-56639-448-2; $69.95 (cloth), ISBN 978-1-56639-447-5. Between the Civil War and World War II the length of the American work week decreased dramatically.  Since the end of World War II, the rate of decline has become positively […]

  Andrew Fischer: The Chinese oversaving, I think, is a false argument.  If you say it’s because of Chinese oversaving, what you’re basically implying is that Chinese households save a lot of money because their consumption is being repressed because of industrial policies in China that take money away from households and direct it toward […]

One of the striking features of the recent period has been the diffusion of manufacturing and service activities from the countries of the core to the periphery.  The logic of competitive striving for the export market among the many “labour reserve” economies in the periphery leads to the accumulation of ever-growing reserves and a constraint […]

  What are the consequences of the implementation of neo-liberal economic philosophy for industrialization and development of poor countries?  The answer: de-industrialization of many low-income countries; destruction of their food production (influenced also by protectionist agricultural policies of developed countries), thus their heavy dependence on food imports.  The boom in commodity prices had improved the […]

As the EU summit meeting convenes, Greece is dominating the agenda much more than Germany’s Chancellor Angela Merkel had wanted.  This week she has thrown cold water on the idea that Germany and other EU countries would take responsibility for helping Greece to roll over some of its debt, handing that job off to the […]

Harvard just announced its charges for the 2010-2011 academic year: $51,000 per undergraduate.  That covers tuition, fees, room and board.  It does not cover such things as clothing, books and computers, school supplies, room furnishings, cleaning expenses, travel to and from Cambridge, MA, and entertainment.  If we conservatively estimate these to cost another $9,000 on […]