Two and a half years after its spectacular crash, Argentina seems to be entering a new political and economic phase. President Néstor Kirchner, elected in May 2003, has claimed that “the period of neoliberalism is over” and economic activity has recovered faster than generally anticipated. Payments are being made on a part of the debt held by favored creditors (above all the IMF), and international pressure to refinance and make payments on the defaulted debt has increased. Neoliberal economists remain totally discredited, but the Kirchner regime’s policy of partial payments on the debt, financed by revenues generated by severe restrictions on public spending, is applauded by a coterie of supposed “Keynesian” and “national” economists.… Questions remain: What happened to the external debt disaster? Is the enormous social crisis, for a moment extensively covered by the press and media, over? And even: Is Argentina, a neoliberal model in the 1990s of an “open, deregulated and privatized economy” now inaugurating a reverse miracle of a new type (perhaps to be termed Keynesian), a “national capitalism with a human face”? | more…
Arriving at the Hotel Oloffson in Port-au-Prince on the eve of the new year, 2004, the bicentennial of Haiti’s independence, tension was thick in the air. Street violence was mounting but still mostly under control. Clashes took place between opposition demonstrators and police or between anti- and pro-Aristide forces. Since the hotel is near the university and its hospital, we witnessed several groups of 100 to 200 anti-Aristide student demonstrators jogging in cadence toward police with signs and banners shouting slogans—A bas Aristide! Down with Aristide! Since my previous trip in June, anti-Aristide slogans had blossomed in some areas of Port-au- Prince, while pro-Aristide graffiti retained its hold in the poorest districts, smaller towns, and rural areas. Our visit to the towns of Fondwa and Jacmel in the south was eventful in the normal Haitian way, but peaceful. Back in the capital, at the end of our five-day trip up-country, cars were being torched, boulders rolled on roads, and gas stations and banks closed in antigovernment actions | more…
We think the following letter, written to the daughter of long-time friends, will be of interest to our readers. —The Editors
In 1995 a foreign reporter interviewed me about Mao. She sought me out as someone who had met the man in person and openly admired him over the years. She asked, “What about all the people he killed? What about all those famine deaths? And what about all the suffering and destruction of people in the Cultural Revolution?” With these questions she lined herself up with the current media line on Mao, the line of conventional wisdom, which is to present him as a monster—Mao, the monster. The usually more enlightened BBC reached a new low that week with their Mao centenary program. It made him out to be not only a monster but also a monstrous lecher far gone into orgies with teenage girls. Such a low level of attack! It cheapened the BBC and should have backfired, but you never can tell these days | more…
Marge Piercy’s most recent novel is The Third Child (William Morrow/Harper Collins, 2003), and Colors Passing Through Us (Alfred A. Knopf, 2003) is her most recent book of poetry. Her CD, Louder, We Can’t Hear You (Yet!): The Political Poems of Marge Piercy, is available online from Leapfrog Press, www.leapfrogpress.com. | more…
We regret to announce the death of William Hinton, one of the greatest fighters for Chinese socialism (and socialism in general) in the 20th century, and a beloved member of the MR family. This fall we will publish one of his last public lectures on the role of Mao Zedong. What follows is a tribute written by Monthly Review Foundation board director, John Mage, posted earlier on the MR Web site
We depart this year from our usual practice for MR’s July–August double issue. Instead of a collection of articles on a common theme, we are devoting the issue to a single manuscript—a study of China and economic development theory by Martin Hart-Landsberg and Paul Burkett that will be published in book form by Monthly Review Press early next year. Although there are numerous books on China, this one is especially worthy. It is a careful, clear, well-grounded Marxist study of how a major post-revolutionary society turned away from socialism. In addition, the current transformation in China throws light on why capitalism, by its very nature, creates poverty, inequality, and ecological destruction in the process of economic growth. | more…
China and socialism…during the three decades following the 1949 establishment of the People’s Republic of China (PRC), it seemed as if these words would forever be joined in an inspiring unity. China had been forced to suffer the humiliation of defeat in the 1840-42 Opium War with Great Britain and the ever-expanding treaty port system that followed it. The Chinese people suffered under not only despotic rule by their emperor and then a series of warlords, but also under the crushing weight of imperialism, which divided the country into foreign-controlled spheres of influence. Gradually, beginning in the 1920s, the Chinese Communist Party led by Mao Zedong organized growing popular resistance to the foreign domination and exploitation of the country and the dictatorship of Chiang Kai-shek. The triumph of the revolution under the leadership of the Chinese Communist Party finally came in 1949, when the party proclaimed it would bring not only an end to the suffering of the people but a new democratic future based on the construction of socialism | more…
In 2000 I agreed to become coeditor of Monthly Review along with my dear friend John Bellamy Foster. I had been reading MR since 1972 when I was a teenager and had been educated, enlightened, and inspired by it, and the work of editors Paul Sweezy and Harry Magdoff. I had introduced John to the magazine soon after I discovered it. By the 1990s I had become a regular contributor to MR. When John and Harry asked me to join them as a coeditor I initially balked. I already had a very full schedule and there was no sign it would abate. Plus, I was a media historian and critic; not an economist. But John, in particular, insisted that my involvement was necessary to bring MR through a difficult transition editorially and financially. He promised me that he would do most of the work. I agreed with an understanding that I would have to revisit the situation in due time | more…
An indication of just how bad things have become for the U.S. invaders and occupiers of Iraq is that comparisons with the Vietnam War are now commonplace in the U.S. media. In a desperate attempt to put a stop to this, President Bush intimated on April 13, in one of his rare press conferences, that the mere mention of the Vietnam analogy in relation to the present war was unpatriotic and constituted a betrayal of the troops. Yet the question remains and seems to haunt the U.S. occupation of Iraq: To what extent has Iraq become another “Vietnam” for American imperialism? | more…
The situation in Iraq is going badly for the occupying U.S. forces. Despite a staged-for-television proclamation of victory aboard an aircraft carrier in the Pacific Ocean last year, President Bush has recently found his policies, from spurious reasons for waging war against Iraq, to the badly bungled early occupation, to politically-inspired deadlines for handing over “authority” to an as yet nonexistent Iraqi government, criticized more and more frequently | more…
I want to address a very simple question: What keeps capitalism going? or, in the somewhat more technical language of Marxists, How does capitalism as a system reproduce itself? | more…
The growing inequalities we are witnessing in the world today are having a very negative impact on the health and quality of life of its populations. It is true, as many conservatives and neoliberal authors continue to stress, that health indicators are improving in many parts of the world, including in many underdeveloped countries. But what these authors are not saying is that the rate of improvements in these indicators have slowed down in most countries that have experienced a growth of inequalities, and in many of them, including the United States, these indicators have even reversed. According to the last report of the National Center for Health and Vital Statistics, infant mortality in the United Staes has increased, reversing the decline that had occurred since 1953.1 The growth of inequalities is thus bad for people’s health. But why? | more…