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A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
Nuclear power is enormously expensive and yet successive U.S. governments, including that of President Donald Trump, have supported the industry in many ways. The net result is that various costs are passed on to society at large, while the profits accruing from this pursuit are privatized.
The United States’ National Endowment for Democracy distributed some 4.2 million dollars in Nicaragua, between 2014 and 2017, to train “new leaders” to overthrow the Sandinista government | Francisco Arias Fernández*
Why are thousands of Central Americans fleeing violence and economic devastation and flocking to the United States? Because of the American dream? Because the streets are paved in gold?
MPN spoke to Yasha Levine, the author of “Surveillance Valley,” and Monthly Review editor John Bellamy Foster about the rise of the Amazon.com empire and the merger of Big Data, finance capitalism, and the U.S. state apparatus.
A recent article published in the American Economic Review, “Global Inequality Dynamics: New Findings from WID.world,” draws upon the World Wealth and Income Database to examine trends in global inequality.
Trump is threatening to dismantle the current world trading system, but in his first year US trading patterns show strong continuity with the previous administration.
Letting the law of capitalist value govern society makes building socialism almost impossible because, even if the general guidelines of capitalist value seem to be acceptable, all it takes is for the market to plunge for you to lose your bearings entirely.
Capitalism as a system functions irrationally because social and ecological concerns cannot be taken into account when making business decisions. Profits before all else.
Only days after passing a tax on Amazon and big business in Seattle, the corporate politicians in Seattle repeal the ordinance.
Karl Polanyi’s reciprocal, redistributive substantive-socialism; ‘Corbynomics’ as fair and caring socialism.
In this episode, Money on the Left cohost Maxximilian Seijo (@maxseijo) expands upon the argument made in his video essay, “Inglorious Basterds: Nazi Desire Fully Employed,” which takes a neochartalist lens to Quentin Tarantino’s Inglorious Basterds (2008).
There was a day when the world realised they’d had enough of America. It wasn’t when America turned it back on the Herculean effort to sign the world up to the Paris Climate Agreement or TTIP or America’s continuous support for Israel’s murderous actions in Gaza or various other deals that took years to iron […]
Many here say that South Africa’s constitution has never been an impediment to land redistribution; the problem was always the political will of the ANC, which abandoned Marxist ideology for a neoliberal approach.
On May 21 Australian Greens deputy leader Adam Bandt introduced a small but potentially significant private member’s bill into the House of Representatives.
The Chinese economy is big. In 2017, it was the world’s biggest based on purchasing power parity. Its output equaled $23.12 trillion, compared with $19.9 trillion for the EU and $19.3 trillion for the U.S.
Colorlines talks to Philadelphia poet laureate Raquel Salas Rivera about their new book, “lo terciario/the tertiary,” which revisits Karl Marx’s “Capital” to examine Puerto Rico’s debt crisis from a queer decolonial lens.
The problem with “overpopulation”
This type of chart is trotted out constantly these days to show that American households are in fabulous shape when it comes to their ability to service their blistering record debts.
First there was the Great Gatsby curve. Then there was the Proust index. Now, thanks to Neil Irwin, we have the Marx ratio.
These are supposed to be the good times—with our current economic expansion poised to set a record as the longest in U.S. history.
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