MR Online
A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
As AMLO begins his presidential term in Mexico, he has been confronted by years of neoliberal policies, policies crafted by institutions like the IMF and the World Bank, who praised the selling off of Mexico’s assets as a model. When protestors contest this agenda—as they recently did at the G20 meeting in Buenos Aires—, the […]
Most economists and politicians sing the praises of competition. It is supposed to keep firms on their toes for the benefit of consumers and workers. Well, competition is certainly alive and well in the U.S., but the results are far from positive for working people.
The most significant feature of contemporary capitalism which is of relevance to the world of work is its inability to provide work to a substantial proportion of persons looking for it.
Capitalism as we know it is over. So suggests a new report commissioned by a group of scientists appointed by the UN Secretary-General. The main reason? We’re transitioning rapidly to a radically different global economy, due to our increasingly unsustainable exploitation of the planet’s environmental resources.
Mainstream economists continue to discuss the two great crises of capitalism during the past century just like the pillars of society performed in the brothel—a “house of infinite mirrors and theaters”—in Jean Genet’s The Balcony.
John Pilger, investigative journalist and documentary film-maker, talks about the U.S.’ aggression in the Asia-Pacific region and the decline of its global dominance and says that a “new Cold War beckons isolation for the U.S. and danger for the rest of us”.
THE German political economist Wolfgang Streeck is one of the world’s leading critics of neoliberal capitalism. He received international attention for his essay “How will capitalism end?” written in 2014 for the New Left Review. The much-discussed essay was later republished in book form.
Inequalities are immanent to capitalism. Capitalist modes of production are maintained through the reproduction of inequalities.
In fact, my book begins with the early Marx because he created the first version of what I call the philosophy of praxis. The key problem of this version of Marxism is what Marx called the “realisation” of philosophy.
Earlier this month, in Savar (Bangladesh), over 1400 delegates came to the fourth People’s Health Assembly–first held in 2000 by popular health organisations to drive a global dynamic to champion public health measures. At the centre of the discussions were increased health inequalities–between the rich and the poor certainly, but also sharply between affluent states […]
The historically low black unemployment rate is one of Donald Trump’s favorite applause lines. Even Reuters [ht: ja] declares that Trump is right.
Many people have given up on the idea of government as an instrument of progressive social change, especially the federal government.
Whatever you may think of the multi-billionaire founders of Amazon and Alphabet-Google,(1) there would seem to be one undeniable fact about their companies: they have massively improved productivity. Amazon has an e-commerce system that delivers very efficiently; Google has revolutionised Internet search.
One of the central and most concrete themes that the break should cover concerns the way public indebtedness is used to justify austerity policies.
Many wonder how it is possible, following the democratic governments of Fernando Henrique Cardoso, Lula, and Dilma Rousseff, that Brazilians have elected as President a shady federal deputy and die-hard defender of the military dictatorship that ruledthe country 1964-1985.
Capitalism in short was the panacea for mass poverty in the third world and not its progenitor as the Marxists had been arguing. The crisis that is enveloping the third world economies at present, is putting an end to that claim.
It is everywhere. In a few years, it has metastasized like a cancer, on all continents. Its fervent proponents and ill-informed supporters call it populism or nationalism. In the Italy, Germany, or Spain of the 1930s, however, this ideology of exclusion and fear, defined by a hatred of the other, together with a tyrannical executive power, was called […]
Capitalist industrialization has led us to the edge of the precipice of climate change, and avoiding the end of civilization as we know it may require the development of a view in direct opposition to the way in which capitalism “values” nature, according to John Bellamy Foster.
A Review of Michael Hudson’s new book AND FORGIVE THEM THEIR DEBTS
After fifteen years in the cold, the International Monetary Fund (IMF) returned to Argentina this May. President Mauricio Macri promised to attract foreign direct investment and to make his country the ‘supermarket of the world’. Instead, Argentina’s economy went into a tailspin. The IMF entered with its shop-worn prescriptions, a recipe that it has effectively […]
MR Press News Climate & Capitalism Monthly Review