Subjects Archives: Political Economy

Paper delivered at the plenary session of the 2009 National Conference of the Philippine Sociological Society held at the PSSC Building on 16 October 2009 Why does the ideology of neoliberalism still exercise such influence in the Philippines despite the challenges it has faced from both the Asian and now global financial crisis? This paper […]

“What made Spence dangerous to the bourgeoisie was not that he was a proletarian nor that he had ideas opposed to private property but that he was both.” — Peter Linebaugh.2 ‘Poorest of the Poor’ and Politics It is always easy to criticize and dismiss an argument in its weakest formulation.  Attacking the policies of […]

  Jasmin Hristov.  Blood and Capital: The Paramilitarization of Colombia.   Ohio University Research in International Studies Series.  Athens: Ohio University Press, 2009. xxiii + 263 pp. 28.00 (paper), ISBN 978-0-89680-267-4. Jasmin Hristov’s book is an exploration of the history and evolution of armed paramilitary forces in Colombia, focusing primarily on the past two decades.  […]

The Maoist movement in India is a direct consequence of the tragedy of India ruled by her big bourgeoisie and governed by parties co-opted by that class-fraction.  The movement now threatens the accumulation of capital in its areas of influence, prompting the Indian state to intensify its barbaric counter-insurgency strategy to throttle it.  In trying […]

  Lecture delivered at the Economic and Black Labor Forum, the Philadelphia Community Institute for Africana Studies, 22 October 22 2009 The present Great Recession is the latest and largest crisis of capitalism since the Great Depression of the 1930s.  During the Great Depression over half of all African-American men were unemployed.  The present Great […]

Mike Whitney: In your new book, The ABCs of the Economic Crisis: What Working People Need to Know, you allude to right-wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology.  How successful have these organizations been in shaping public opinion about capitalism?  Do you think that […]

Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent.  In August, personal income increased $17.4 billion, or 0.1 percent, DPI increased $14.1 […]

  Twenty years ago, 60,000 workers from New York City to Maine rallied against healthcare cost-shifting at the telecom giant then known as NYNEX (since “rebranded” as Verizon). NYNEX was a very profitable, multinational company seeking to capitalize on a demoralizing decade of lost strikes, contract givebacks and widespread unionbusting.  At a time when many […]

Fred Magdoff and Michael D. Yates.  The ABCs of the Economic Crisis: What Working People Need to Know.   Monthly Review Press, 2009. Books that start out with quotes from Shakespeare’s Macbeth make me nervous.  Like many of my fellow workers, I have attended far more rock concerts — or pro wrestling matches — than […]

It is spell-binding to see how the U.S. establishment can inflate the threat of a target, no matter how tiny, remote, and (most often) non-existent that threat may be, and pretend that the real threat posed by its own behavior and policies is somehow defensive and related to that wondrously elastic thing called “national security.” […]

The festivities associated with the 7th ALBA Summit, held in the historic Bolivian region of Cochabamba, showed the rich culture of the Latin American peoples and the joy elicited in children, young people and adults in general by the singing, the dancing, the costumes and rich expressions of the human beings of all ethnic groups, colors and shades: aborigine, black, white and mixed people. We could see there thousands of years of human history and precious culture that explain the determination with which the leaders of various Caribbean, Central and South American peoples convened that summit.

  “Would it not be better to administer euthanasia?” Enrique Lacoste Prince is a Cuban cartoonist based in Havana. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | | Print

Analytical Monthly Review On Monday, October 12th, it was reported that Manmohan Singh — despite the request of air chief marshal P. V. Naik to permit IAF personnel in helicopters to attack inhabitants of the hilly regions — had announced that the armed forces would not be deployed against the domestic left-wing opponents of the […]

There is no doubt that the financial sector in India was generally much less affected by the global financial crisis of the past year than in many other developed and developing countries.  This is not to say that Indian finance was unaffected: there were wild swings in external capital flows (particularly portfolio flows) as well […]

Michael Moore‘s latest film, Capitalism: A Love Story, is so far ahead of the historical/political curve that even people who consider themselves progressives will have to run at full speed to keep up with this renegade filmmaker. Moore has always been ahead of the curve. Twenty years ago with Roger & Me he demonstrated a […]

The USA: Prisonhouse of Nations The United States deserves the title, the Prisonhouse of Nations:1 The US imprisons more of its citizens than any nation in the world.  As of midyear 2008, over 2.3 million US citizens were behind bars and the prison population continues to expand as a result of the growing inequality and […]

  The momentous decision to reject any public option by the Senate Finance Committee today underscores how completely private insurance companies dominate Congressional activity.  The author of the bill for the committee, Liz Fowler, is herself a former VP of WellPoint, the nation’s largest private health insurer.  This highlights the importance of the single payer, […]

The following report on the 2009 AFL-CIO Convention in Pittsburgh is posted by Jerry Tucker, special correspondent to the Monthly Review and MRZine.  Tucker is a former International Executive Board Member of the UAW and a founder of the New Directions Movement within that union.  He is also a co-founder of the Center for Labor […]

The final declaration from the G-20 Summit in Pittsburgh on Friday, September 25 seems unreal. Let’s have a look at the main points in its contents:

  Anastasia Pinto is executive director of the Center for Organizing, Research and Education in India.