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Subjects Archives: Stagnation

The Contradictions of

Dissecting the Failure of Soviet “Socialism”

Michael A. Lebowitz.  The Contradictions of “Real Socialism”: The Conductor and the Conducted.  New York: Monthly Review Press, 2012.  222 p. In current discussions of twenty-first century socialism, the work of Michael Lebowitz has a unique merit: it is rooted in the experience of Cuba and Venezuela, where efforts in recent decades to move toward […]

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A Dictionary of American Free Enterprise

Arms Sales A government jobs program (the lone acceptable government jobs program) working to deliver all the latest in U.S. defense industry hardware to all the international “good guys.” Associate A low-wage worker. Bubble (Financial) The artificial inflation of asset prices, which, although appearing to many of the “smartest people in the room” as if […]

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The Mad Activist Comes in from the Cold

You want to know why I’m nuts, Doctor?  I’m part of the lunatic left, that’s why. My delusions of intellectual grandeur are great enough to make me believe that I can actually comprehend the bombings, the embargoes, the torture — all wrought by the good old US of A — while everybody else goes shopping.  […]

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The Spectre of Social Counter-Revolution

5th Dr. BR Ambedkar Memorial Lecture, Indian Institute of Dalit Studies, New Delhi, September 27, 2014 I I would like to use this occasion to dwell upon a point to which Dr Ambedkar had drawn attention in his closing speech to the Constituent Assembly on November 25, 1949.  In that speech he had underscored a […]

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Socialism and Workers’ Self-Directed Enterprises

​Global capitalism has huge problems coping with the second worst collapse in its history. Its extreme and deepening inequalities have provoked millions to question and challenge capitalism. Yet socialists of all sorts now find it more difficult than ever to make effective criticisms and offer alternatives that inspire. Part of the problem lies with classic […]

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Explaining Stagnation: Why It Matters

Larry Summers and Paul Krugman have recently identified the phenomenon of stagnation.  Given that they are giants in today’s economic policy conversation, their views have naturally received enormous attention.  That attention is very welcome because the issue is so important.  However, there is also a danger that their dominance risks crowding out other explanations of […]

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“The Death of Social Democracy in the Age of Global Monopoly-Finance Capital”: An Interview with John Bellamy Foster

Tassos Tsakiroglou: How urgent do you consider the necessity to develop an understanding of the interconnections between the deepening impasse of the capitalist economy and the rapidly accelerating ecological threat? John Bellamy Foster: The urgency of understanding the interconnections between the economic impassse and the ecological emergency derives from the combined threats they pose to […]

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Crises of Capitalism and Social Democracy

  John Bellamy Foster is best-known as author of Marx’s Ecology (2000; in which he corrects the popular misapprehension that Marx did not ‘get’ environmental limits), and as editor of Monthly Review (monthlyreview.org), the journal founded by Marxist economist Paul Sweezy in the late 1940s.  In his latest book, The Endless Crisis (2012; written with […]

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Davos Mysticism: Elite Optimism Amid Endless Crisis

“An economic recovery has begun.”      — President Obama, Second Inaugural Address President Obama’s optimism — baseless as it may be — was surely appreciated at the annual meeting of the World Economic Forum.  For in what was described as the “most optimistic” meeting since 2007, 2,600 members of the global elite convened over the weekend […]

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Some Memories of Paul Baran and Paul Sweezy

In 1949, Paul Sweezy and Leo Huberman created Monthly Review.  In the same year, Paul Baran and I began to teach in the San Francisco Bay Area: Baran at Stanford, myself at UC Berkeley.  As the years unfolded, we worked together politically in the area with the same social aims and values.  Meanwhile, the two […]

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The World Seen from the South: Interview with Samir Amin

I would like to focus this interview on three distinct but related questions: your vision of the world and the possibilities of changing it; your conceptual and political proposal on the implosion of capitalism and delinking from it; your analysis of the global context, seen especially from Africa and the Middle East.  What is your […]

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