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The Power of Monopoly Capital
I’m not at all somebody who wants to enshrine Monopoly Capital: An Essay on the American Economic and Social Order as the new centerpiece in the old “what Marx said” religion. But, really, I do stand by my conclusion that Baran and Sweezy’s 1966 book was the #1 social science book of the century, Marxist […]
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Questioning Capitalist Realism: An Interview with Mark Fisher
Mark Fisher is the author of Capitalist Realism: Is There No Alternative? out recently from Zer0 Books. As a blogger he writes K-Punk. Capitalist Realism is one of the most acute diagnoses of contemporary politics as it is played out in one small island off the coast of Europe. After skewering the marketisation of […]
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The right of Humanity to Exist
Climate change is already causing considerable damage and hundreds of millions of poor people are suffering the consequences.
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Shambles in Copenhagen
The United Nations conference to address climate change in Copenhagen over the last week has illustrated several crucial features of contemporary politics, as Obama completes a year in power, the NATO plots a military surge into the war spanning from Palestine to Afghanistan, and an economic recovery staggers along. Three Features of Political Climate First, […]
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Iranian Defence Expenditure
The following table shows Iranian defence expenditure in each year since 1989 in local currency and constant US$ as well as the military burden, defined as spending as a proportion of GDP. According to the International Institute for Strategic Studies (IISS) in 2007 Iran’s defence expenditure was one of the lowest in the Middle […]
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The Truth of What Happened at the Summit
The youth is more interested than anyone else in the future. Until very recently, the discussion revolved around the kind of society we would have. Today, the discussion centers on whether human society will survive. These are not dramatic phrases. We must get used to the true facts. Hope is the last thing human beings can relinquish. With truthful arguments, men and women of all ages, especially young people, have waged an exemplary battle at the Summit and taught the world a great lesson.
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SMS Iran (after Gilles Peress)
Every gathering with a foretold script. The security barriers mark a neutered zone for dissent. Finally though, there is this one day in Brooklyn. The air is traversed (by bridge) and the marchers walk from one bank to another. It isn’t a miracle but it is beautiful. x number of women and men for […]
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The Moment of Truth
The news from the Danish capital gives a picture of chaos. After planning a conference with about 40 thousand people in attendance, the hosts find it impossible to honor their promise. Evo, the first of the two presidents of ALBA-member countries to arrive, stated some truths derived from the millennium-old culture of his people.
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Organizing for the Anti-Capitalist Transition
The historical geography of capitalist development is at a key inflexion point in which the geographical configurations of power are rapidly shifting at the very moment when the temporal dynamic is facing very serious constraints. Three-percent compound annual growth (generally considered the minimum satisfactory growth rate for a healthy capitalist economy) is becoming less and […]
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Copenhagen and Capitalism
Paul Jay, Senior Editor, The Real News Network: So let’s talk about Copenhagen. If in fact most of the scientific community is quite persuaded in the climate change science, and certainly they are, and all the world governments say they are, what’s preventing us from getting a serious agreement, and particularly with China and […]
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Christian Communists, Islamic Anarchists? Part 2
In Part 1 of this article we argued that Slavoj Žižek and Alain Badiou’s account of the foundation of Communist universalism in the event of Christianity signals a number of inconsistencies immanent to their respective ontologies (Coombs 2009). For Žižek it appears difficult to reconcile his touted open interpretation of Hegel with the ontological significance […]
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End Monopoly Capitalism to Arrest Climate Change
Human societies have created the bases of our survival, sustenance and advancement through the use of our natural resources in production with rudimentary tools and rising levels of science and technology. Yet in no time in history has environmental destruction been systematically brought about in most parts of the world. The people of the […]
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Stronger Estate Tax Urged by United for a Fair Economy in Response to House Vote
Boston, MA, December 4, 2009 — “More tax breaks for the super wealthy is one of the last things our economy needs right now,” says Lee Farris, Estate Tax Policy Coordinator for United for a Fair Economy (UFE). “Back in 2001, the Bush Administration enacted a massive tax cut for multi-millionaires by gradually reducing the estate tax over several years. Now, instead of reversing at least part of this damaging Bush tax break, the House voted to make that cut permanent.”
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On Political Economy and Political Theory
Jean Paul Sartre in the fifties made the somber remark that things were so bad at the Sorbonne in the 1920s that the University did not even have a Chair in Marxism. In asserting the fact at that time, he was of course assuming that things at mid-century had changed dramatically and that Marxism […]
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An Open Letter from Economists in Support of Financial Transaction Taxes
December 3, 2009 To Whom It May Concern: A modest set of financial transaction taxes could raise a substantial amount of needed revenue while having little impact on trades that have a positive economic impact. The cost of trading financial assets has plummeted over the last three decades as a result of computerization. This has […]
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We Cannot Shop Our Way Out of the Problems
John Bellamy Foster is the editor of the socialist magazine Monthly Review and teaches sociology at the University of Oregon. He has written on numerous subjects, from political economy to Marxist theory. This year Foster published The Ecological Revolution: Making Peace With the Planet. Max van Lingen is a student of political philosophy and […]
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The Failures of TARP
Testimony at the Hearing Entitled “Taking Stock: Independent Views on TARP’s Effectiveness,” before the Congressional Oversight Panel for the Troubled Asset Relief Program, 19 November 2009 Thank you, Chairwoman Warren for inviting me to share my views on the success of the Troubled Asset Relief Program (TARP) to date and its impact on the broader […]
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The Recovery in Asia
As the world looks to full stabilisation and a rebound from the crisis due to the efforts of governments, clearly, it is finance rather than the real economy that has benefited more from those initiatives. In fact, the turnaround in the financial sector, which was responsible for the crisis in the first instance, has been […]
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The Demise of the Death Penalty in the USA: The Politics of Capital Punishment and the Question of Innocence
The Killing Continues Since the suspension of the death penalty in Japan in September of 2009, the US is the only developed nation in the world that continues to execute its citizens — but, perhaps, not for long. The unmasking of the political agenda behind state-sanctioned killing during the past 25 years and the growing […]
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They Pledged Your Tuition to Wall Street
This open letter was published on 9 October 2009, before the University of California Regents voted to approve a 32% tuition hike on 19 November 2009. — Ed. As students, you pay tuition in order to get an education at UC, and you know that the Regents plan to raise your tuition even higher. […]