Subjects Archives: Political Economy

Today’s two most conspicuous global flashpoints — the Middle East and Latin America — have widely exposed the fact of US imperialism and highlighted some of its limitations.  Adding the apparent cracks in US economic hegemony seems to indicate an empire in decline.  Yet a more cautious assessment would recall that the earlier defeat in […]

  Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review.  Its September 2007 issue features the following editorial. — Ed. No truths are more vigorously avoided, disguised and denied in our media than the disastrous and devastating results for the majority of the post-1991 economic “reforms” and the […]

In recent days, the US public has been satiated with a variety of press reports about numerous “new” plans aimed at addressing the US occupation and war in Iraq.  Some of these plans are rumored to include recommendations for an eventual withdrawal of all US forces from that country while some urge the Pentagon and […]

  In the big business media’s “two years after Katrina” coverage, there was one glaring omission — the story of the utter bankruptcy of the so-called Black leadership, in particular, the Black Democratic Party establishment.  Nothing confirms that story better than the brief appearance in New Orleans on August 29 of President George W. Bush.  […]

The authors of the most widely read book on financial panics (Manias, Panics, and Crashes: A History of Financial Crises, Fifth Edition, 2005) refer to them as “hardy perennials” and document how they have repeatedly devastated large portions of modern economies and societies over the last three centuries.  Charles Kindleberger (a professor of economics at […]

  NEW DEPARTURES IN MARXIAN THEORY by Stephen A. Resnick and Richard D. Wolff BUY THIS BOOK Being a Marxist requires considerable gumption — especially in the United States.  Those who take Marxism seriously in a hostile intellectual and political environment are only too aware of this struggle.  At worst, interest in Marxism is perceived […]

Let us refer to a famous poem by Mao that stirs excitement among us all: “A cuckoo is crying in the midnight until she throws up blood; she believes that her crying can bring the east wind back!”  We deeply hope our respected leaders will stir up the east wind! General Secretary Hu Jintao and […]

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 […]

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 […]

  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, […]

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 […]

  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; […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]