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The Optimism of the Heart: Harry Magdoff (1913-2006)*
Harry Magdoff — coeditor of Monthly Review since 1969, socialist, and one of the world’s leading economic analysts of capitalism and imperialism — died at his home in Burlington, Vermont on January 1, 2006. Harry Magdoff was born on August 21, 1913 in the Bronx, the son of working-class Russian Jewish immigrants. His father worked […]
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The Euro — Going Global, Making Trouble: Why the Europeanization of “Modell Deutschland” Does Not Make a World Currency
Going Global Supporters and even critics of the European Monetary Union (EMU) often see its policies — its rejection of Keynesian demand management that was written into the Maastricht Treaty and later transformed into the Stability and Growth Pact (SGP), as well as its monetarist belief in the priority of anti-inflationary policies over any other […]
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Let’s Put the Nature of Work on Labor’s Agenda: Part Four
[Author’s note: Let me repeat my invitation at the end of Part Three of this series. Readers are invited to submit short essays, about 1,000 words, about their work. What do you do? In what ways is your work satisfying? In what ways is it not? How could it be made better? Send your […]
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Global Capitalism in Danger
Global capitalism is in danger. Leading lights of global finance capital are sending out warning signals with growing urgency and desperation. Alan Greenspan is puzzled, referring to the decline of long-term interest rates at a time of rising short-term interest rates as a “conundrum.” To solve the conundrum, Martin Wolf of the Financial Times argues, […]
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Koizumi Goes Postal
On Monday, August 8th, Japan’s upper house of Parliament unexpectedly joined the French and Dutch electorates to give a sharp slap to neoliberal inevitability. Much to the totally delicious distress of all the usual suspects, from the Financial Times to the Christian Science Monitor, the parliamentarians turned down Prime Minister Junichiro Koizumi’s key piece of […]
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Thinking About China
Imports into the U.S. keep rising and the merchandise trade deficit keeps growing. Manufacturing jobs continue to disappear and wages and working conditions continue to worsen. Increasingly, those who seek to explain these trends point to China. It is true that China has become an export powerhouse, and the United States its main market. China […]