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A Monthly Review project providing daily news and analysis of capitalism, imperialism and inequality rooted in Marxian political economy
Bitcoin has left the world of finance gasping. Although the total market value of all that cryptocurrency in circulation is only a fraction of the value of the world’s financial assets, the rapid rise in the value of the currency has made it the most wanted of those assets. On January 1, 2017, the currency […]
The last four decades have been marked by rising wage inequality, with the vast majority of American workers experiencing wage stagnation while those at the top rung of the economic ladder reap the benefits of growth in productivity. These dynamics mean that many workers struggle to make ends meet; in 2016 one in five families […]
No doubt about it, the recently passed tax bill is terrible for working people. But as Lance Taylor states in a blog post titled “Why Stopping Tax ‘Reform’ Won’t Stop Inequality”: “Inequality isn’t driven by taxes—its driven by the power of capital in relation to workers.” Said differently we need to concentrate our efforts on […]
Social reproduction theory (SRT) sounds quite intimidating, but the (rather grandiose) anthology of big words masks a relatively simple question: if capitalist production is fundamentally the production of commodities, and it is workers who produce such commodities, who ‘produces’ the worker?
Base-Superstructure Theory (BST) is Marx’s guiding general theory, but is long misunderstood. Deeply embedded in a monumental corpus of system-challenging analysis, it has become lost in secondary interpretations with partial takes and opposed propagandas militating against coherent comprehension.
teleSUR spoke to Monthly Review editor John Bellamy Foster about climate change & the need to fight for an ecosocialist, revolutionary alternative to the profit-driven world capitalist system.
“DON’T LET YOUR CHILDREN GO INTO CRIPPLING DEBT LIKE I HAVE!” I shout, as I and a group of students with SENS-UAW make our way to a major intersection just off Union Square. We wave signs, hoist our banner and merge into the crowd. We are protesting the new GOP tax bill, which will affect […]
Ever since Larry Summers and Alan Heston produced what become known as the “Penn World Tables” comparing prices and thereby the purchasing power of currencies across countries, the urge to use some deflator of market exchange rates to compare incomes across countries has been strong.
On December 5, the Trump administration took its first major step toward allowing employers to legally pocket the tips earned by the workers they employ. The Department of Labor (DOL) released a proposed rule that would allow restaurants to take the tips that servers earn and share them with untipped employees such as cooks and […]
Whether one believes that law is provided by God (Natural Law), is created by human intellect (Positivism), a gendered institution perpetuating patriarchy (Feminism) or the maintainer of the status quo against marginalised groups (Critical Legal Studies), undergirding those beliefs is the assumption that law is autonomous.
When you lay all that out, Americans’ terrible saving rate stops looking like such a mystery. In fact, it looks downright rational.
Even as far back as 1894, Karl Marx’s work saw that capitalism would devour its agents, writes DIEGO FUSARO.
The neoliberal model that has dominated mainstream politics and economics for decades is in crisis.… Mass dissatisfaction has joined with the growing realisation by the managers of the capitalist system that neoliberal policies are incapable of dragging the world economy out of the rut in which it now finds itself 10 years after the onset […]
Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics reveals the irreconcilable differences between the Marxist economic definition of the term ‘value’ and its other uses in relation to the art object. It corrects the faulty assumption that rare or historical objects bear intrinsic value, symptomatic of capitalist worldview. Beech’s analysis of […]
Martin Hart-Landsberg takes a look at the tragedy of what life is like for the working class. Allowing for us to directly see what we already know, that US capitalism works to enrich the few at the expense of the many.
Looking at the present and future system of capitalism, there is a vital crisis at the heart of it all. Democratic capitalism, starting out in the 18th century, has had its ups and downs but even Marx, Keynes, Rosa Luxemberg, and Kondratieff have all failed to establish theories to break out of the capitalist system.
David Russio takes a look into the punishments (deaths) that come from capitalism. For is it really bringing balance to the destruction that it causes. That seems to be the loaded question we all know the answer to.
Murders of trade unionists and social leaders, paramilitary activity, coca production… If we only paid attention to the mainstream media we would not get the idea that these problems are actually growing in Colombia, one year after the peace agreement between the Colombian government and the FARC came into place. To get a better picture […]
IMF, World Bank, & Structural Adjustment
Talk by Robin D. G. Kelley on “What is Racial Capitalism and Why Does It Matter?” recorded November 7, 2017 at Kane Hall, University of Washington, Seattle, WA. Sponsored by the UW Simpson Center for the Humanities.
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