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Subjects Archives: Political Economy

Rick Wolff

Neoliberal Globalization Is Not the Problem

“O there are times, we must confess To harboring a whim — we Like to picture old Karl Marx Sliding down our chimney” — Susie Day “Help fund the good fight.   By contributing to MR, you help reinforce the left and reclaim the future.” — Richard D. Vogel “To do my part, I just […]

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Capitalism’s Beverage & the Obesity Epidemic

The Los Angeles Times reports that Disneyland is retooling its boats-on-water rides because of the raging obesity epidemic in the United States, “to deal with the delicate problem of bottoming-out boats.” People are simply getting too fat for the existing rides, including the now satirically named “It’s a Small World”: “Forty-one years after the whimsical […]

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The New Globalized Auto Plant Corridor

Globalization, 2: US Autoworkers, 0

The recent UAW ratification of the Chrysler contract that contains many of the same provisions that were adopted in the labor agreement signed with GM last month is another major blow to the jobs and welfare of US autoworkers.  Globalization, the Big Three’s grand strategy of pitting the workers of North America against one another […]

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Financial Capital: Crises Are Part of the Game

Everything went well during the summer of 2007.  The economy was in an upswing and stock-market prices rose even faster.  Then the end of the housing boom in the United States triggered an international financial crisis.  Up to now it has been contained by heavy central-bank intervention; but the euphoria is gone.  The world of […]

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Rick Wolff

Our Sub-prime Economy

What matters most in economics often gets the least attention.  So it is with the link between wages and productivity: what workers get paid versus the value of what they produce.  Most commentators focus elsewhere.  They hype what their employers want to see or what they want others to believe.  Stock boosters see market upswings […]

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Quick Thoughts on Carbon Sequestration

How do we mitigate climate change?  A fashionable suggestion is technologically intensive carbon sequestration.  That, however, is an excessively expensive and probably technically impossible method of capturing significant amounts of carbon.  Another popular suggestion for sequestering carbon is planting trees. A more traditional method — building up the soil — which is better for the […]

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Today’s Neoliberal Hero — the Village Usurer

  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 […]

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