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Subjects Archives: Stagnation

Naked Imperialism

Naked Imperialism: An Interview with John Bellamy Foster

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 […]

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Rick Wolff

Reaping the Economic Whirlwind

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 […]

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Socialist Project

Toward a New Politics? After the CAW-NDP Divorce

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 […]

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A Brief History of Neoliberalism

On Neoliberalism: An Interview with David Harvey

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 […]

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King’s “Revolution in Values” Revisited

  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 […]

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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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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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JPS Performance, Relative to NouGyoKyo and Banks

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 […]

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