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Subjects Archives: Political Economy

Iran Should Sue to Stop US Attack

  Francis Boyle, Professor of International Law at the University of Illinois, proposes that Iran sue the U.S. in the World Court to enjoin it against threats to attack Iran. Part 1: The Libya Precedent “We filed papers with the International Court of Justice in the Hague, on behalf of Libya against the US and […]

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Afghanistan Threatens to Become Obama’s Vietnam

  On the occasion of US Democratic presidential candidate Barack Obama’s visit to Berlin, Christine Buchholz, a member of the Left Party executive board, comments: Many hopes are tied to Barack Obama, since George W. Bush is the most unpopular American President ever, and Obama promises to improve the social situation and bring the Iraq […]

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No Human Being Is Illegal

In April 2006, hundreds of thousands of immigrant rights protestors marched in cities across the United States.  They countered prolonged debates about the pros and cons of comprehensive immigration reform with a short but sweet affirmation, scrawled on placards: “No Human Being Is Illegal.”  Their direct assertion challenged the deeply entrenched practices of our government […]

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How the Left Saved Capitalism

There is an entire genre of theory explaining why the Western capitalist democracies did not undergo socialist revolution in the 20th Century, as Classical Marxism had predicted.  Not surprisingly, most of this material comes from the Left itself.1 We can include Antonio Gramsci’s work on hegemony in this genre, as well as the entire output of […]

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Oil Prices and the Economy

With oil prices having more than doubled over the last 12 months, various reasons are being cited for the price increases. Adhip Chaudhuri, a visiting professor of economics at Georgetown University’s campus in Doha, Qatar, explains the cause and effect of high oil prices. Is the increase in oil prices plunging the global economy into […]

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Is Iran Currently an Existential Threat to the United States? A Side-By-Side Comparison of Military Capabilities

  A side-by-side comparison of the two countries’ conventional military capabilities demonstrates the overwhelming superiority of the United States. It is time to inject realism into discussions about U.S.-Iranian relations. Hyping the threat about Iran obscures the bottom line: Iran does not currently represent an existential threat to the United States or its allies, and […]

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Che Guevara’s Final Verdict on the Soviet Economy

One of the most important developments in Cuban Marxism in recent years has been increased attention to the writings of Ernesto Che Guevara on the economics and politics of the transition to socialism. A milestone in this process was the publication in 2006 by Ocean Press and Cuba’s Centro de Estudios Che Guevara of Apuntes […]

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On the Global Waterfront: Race, Class, and the New Economy

  Join us for a discussion of race, class, and the new economy with E. Paul Durrenberger, coauthor with Suzan Erem of On the Global Waterfront: The Fight to Free the Charleston 5. On the Global Waterfront, new from Monthly Review Press, tells the present-day story of longshoremen in Charleston, South Carolina, who successfully confronted […]

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Rebuilding Labor’s Power: There Are No Shortcuts

See, also, Stephanie Luce, “The Future of the Labor Movement? Reflections on the Labor Notes Conference,” MRZine, 22 April 2008; and Dave Regan, “Why We Demonstrated in Dearborn,” MRZine, 2 May 2008. I am not surprised Dave Regan doesn’t remember our argument.  I am sure he hears my concerns all the time, but the conversation […]

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The Capitalist Workday, the Socialist Workday

As May Day approaches, there are four things that are worth remembering: For workers, May Day does not celebrate a state holiday or gifts from the state but commemorates the struggle of workers from below. The initial focus of May Day was a struggle for the shorter workday. The struggle for the shorter workday is […]

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Capitalism and Climate Change

John Bellamy Foster, Marxist ecologist and editor of Monthly Review, addressed the Climate Change I Social Change Conference on “Capitalism and Climate Change,” Sydney, April 11, 2008.  Foster’s talk was part of a panel discussing “Climate Change and Its Social Roots.”  The conference was organized by Green Left Weekly.  Below is Foster’s talk in five […]

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