Subjects Archives: Stagnation

I wrote this as a paper for a seminar in history during my first year of grad school at the University of Washington in 1984.  It was a labor of love for me because it gave me an opportunity to read every single issue of Monthly Review , all of which were carefully kept in […]

For the first time since its rise as a superpower the United States is facing a serious threat to its hegemony across the globe. In February this year, Russian President Vladimir Putin addressed a security conference in Munich that had 250 of the world’s top leaders and officials in attendance, including such luminaries as the […]

The macro march backward of domestic income and wealth distribution has become remarkable.  At least we thought so enough to pen the following remarks.  In 2006 the corporate profits share of the national economy retouched its 1929 high.  Wage and salary income broke its 8 decade low watermark.  Our new economy increasingly replicates the distributional […]

Social critics, from Ida B. Wells to Noam Chomsky, recognize that the elite press can serve as the best tool against the elite.  Today’s business magazines have no problem “naming the system,” and they write with clarity and frankness on the inner workings of capitalism and imperialism.  My good friend and correspondent Skip recently sent […]

Q.  2007 is the 140th anniversary of the publication of Volume One of Marx’s Capital.  In your opinion, what is its main contribution to understanding contemporary capitalism? Marx’s object in Capital was to explain capital as a social relation in the fullest dialectical sense and in the process to describe its law(s) of motion.  I […]

John Mage of Monthly Review and Bernard D’Mello. deputy editor of Economic and Political Weekly (“EPW”) of Mumbai, India, visited Nepal in February, and trekked into Rolpa, the original base area of the revolutionary “people’s war.”  The following account appears simultaneously on MRZine and in the current (March 17th) issue of EPW. Over the last […]

In the years preceding and immediately following the Second World War, the trade union movement served to transform work and life for industrial workers and their communities by creating the means to bargain for better wages and working conditions.  Now, in the first decade of the 21st century, North American hotel workers are engaged in […]

When I ask Canadian trade unionists and activists fighting against lower labor and social standards about their political vision, they often refer to European welfare states, notably Sweden.  The Swedish social system, their reference implies, proves that there is an alternative to the neo-liberal politics of boosting profits at the expense of working people.  It […]

  Need a crash course on the present state of the world?  Want to untangle the terminology, separate the victims from the victimizers, understand the dynamics of unilateralism, and deduce what can be done about it all?  I’d like to introduce you to a small literary arsenal. A good place to begin is the book […]

Several weeks ago, with much media fanfare, the James Baker-Lee Hamilton Committee submitted to President George W. Bush its long-awaited, bipartisan report on the U.S. war in Iraq.  On balance, the report provided Bush with a face-saving strategy for pulling out all U.S. combat forces by the beginning of 2008.  The Baker-Hamilton report favors an […]

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NAKED IMPERIALISM:The U.S. Pursuit of Global Dominance by John Bellamy FosterREAD EXCERPTBUY THIS BOOK John Bellamy Foster’s Naked Imperialism: The U.S. Pursuit of Global Dominance was published by Monthly Review Press in May 2006.  It consists of essays written between September 2001 and September 2005, addressing the origins of today’s undisguised imperialism, led by the […]

WE ARE NOT WHAT WE SEEM: Black Nationalism and Class Struggle in the American Century by Roderick D. BushBUY THIS BOOK Roderick Bush is an Associate Professor in the Sociology Department at St. John’s University in New York.  He is the author of We Are Not What We Seem: Black Nationalism and Class Struggle in […]

Consider these basic facts about the US economy today.  First, real hourly wages fell, on average, between the first quarter of 2005 and the first quarter of 2006.  At the same time, the productivity of those workers rose.  No advanced degree is required to grasp what’s happening here: workers who produced more output this year […]

On April 21, 2006, the Canadian Auto Workers (CAW) broke with a tradition that extended over half a century and voted to leave the New Democratic Party (NDP).  A few CAW activists shrugged their shoulders: the impact of the NDP on their daily struggles had been minimal, so setting it aside did not seem to […]

A BRIEF HISTORY OF NEOLIBERALISM by David HarveyBUY THIS BOOK Neoliberalism has left an indelible, smoldering mark on our world for the last thirty years.  Eminent Marxist geographer David Harvey, author of A Brief History of Neoliberalism (Oxford, 2005), spoke earlier this year to Sasha Lilley, of the radical radio program Against the Grain, about […]

  SOLIDARITY FOR SALE: How Corruption Destroyed the Labor Movement and Undermined America’s Promise by ROBERT FITCH AUTHOR’S NOTE READ EXCERPT BUY THIS BOOK Michael D. Yates: Robert, let’s start off with a question not directly connected to your book Solidarity for Sale.  Some commentators say that today labor unions and labor movements are irrelevant […]

Los datos divulgados recientemente por el Banco Central de Venezuela (BCV) confirman que la economía venezolana exhibió un crecimiento de 10,2% en el cuarto trimestre de 2005 en relación con el mismo período del año anterior, acumulando la novena alza consecutiva a partir del último trimestre de 2003.  El resultado final del PIB en 2005 […]

  I. A Brooklyn federal court in March 2005 dismissed a civil suit filed on behalf of millions of Vietnamese against U.S. chemical companies charged with war crimes for having supplied the military with Agent Orange. The dismissal was on technical grounds, not on its merits; the contention that the chemical defoliants used during the […]

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 […]