Top Menu

Monthly Review Volume 63, Number 5 (October 2011)

October 2011 (Volume 63, Number 5)

» Notes from the Editors

Two years after the recovery phase of the business cycle began, officially ending the Great Recession in the United States in June 2009, the capitalist economy continues to stagnate with the U.S. growth rate at 1 percent in the second quarter, following 0.4 percent in the first quarter, and with both the European Union and Japan in a similar or worse condition. Indeed, the United States, the European Union, and Japan, as the New York Times declared on August 10, 2011 (“Where Will Growth Come From?”), are all currently headed down a path “that will prolong their economic stagnation and perhaps tip them into another recession.”… Under these circumstances [some] mainstream economic commentators are finally…. beginning to zero-in on the fundamental cause of the Great Stagnation: the overaccumulation of capital.

Samir Amin at 80: An Introduction and Tribute

Samir Amin was born in Cairo in 1931, and studied within the French educational system in Egypt.… He is currently president of the World Forum for Alternatives.… Amin’s wide-ranging work can be most succinctly described in terms of the dual designation of The Law of Value and Historical Materialism—the title of one of his books, now in a new edition as The Law of Worldwide Value. Marx’s intellectual corpus, he notes, appears to be divided into writings on economics and writings on politics.… For Amin, this basic division of Marxist theory is not to be denied. Nevertheless, he insists that the economic laws of capitalism, summed up by the law of value, “are subordinate to the laws of historical materialism.” Economic science, while indispensable, cannot explain at the highest level of abstraction, as in mathematical equations, the full reality of capitalism and imperialism—since it cannot account either for the historical origins of the system itself, or for the nature of the class struggle.

An Arab Springtime?

The year 2011 began with a series of shattering, wrathful explosions from the Arab peoples. Is this springtime the inception of a second “awakening of the Arab world?” Or will these revolts bog down and finally prove abortive—as was the case with the first episode of that awakening, which was evoked in my book L’éveil du Sud (The Awakening of the South)? If the first hypothesis is confirmed, the forward movement of the Arab world will necessarily become part of the movement to go beyond imperialist capitalism on the world scale. Failure would keep the Arab world in its current status as a submissive periphery, prohibiting its elevation to the rank of an active participant in shaping the world.

The Democratic Fraud and the Universalist Alternative

The propositions put forward here—and many other possible ones—have no place in the dominant discourse about “civil society.” Rather, they run counter to that discourse which—rather like “postmodernist” ravings à la Negri—is the direct heir of the U.S. “consensus” ideological tradition. A discourse promoted, uncritically repeated, by tens of thousands of NGOs and by their requisite representatives at all the Social Forums. We’re dealing with an ideology that accepts the existing regime (i.e. monopoly capitalism) in all its essentials. It thus has a useful role to play on behalf of capitalist power. It keeps its gears provided with oil. It pretends to “change the world” while promoting a sort of “opposition” with no power to change anything.

Quid Pro Quo?

The Question of India’s Subordination to the ‘American Narrative’

In April 2011, the Wall Street Journal‘s South Asia columnist Sadanand Dhume published a piece entitled “It’s Time to Re-Align India.” Meeting in Hainan, China, the BRICS (Brazil, Russia, India, China, and South Africa) called for a multipolar world (i.e. one no longer dominated by the Atlantic powers, led by the United States) and for a less militaristic approach to common problems—with special reference to the imbroglio in Libya, fast becoming the twenty-first century’s Yugoslavia. Focusing on India, Dhume wrote in response: “Like a monster in a B-grade horror film, India’s love affair with non-alignment refuses to die…. The end of the Cold War should have ended this approach to foreign policy. Unfortunately, it hasn’t.”

Black/White Radical Alliances in the 1960s

In The Shadows of Youth, Andrew Lewis demarcates the work of various activists, white and black, during the Civil Rights struggle of the 1960s. It is part of Lewis’s thesis that the efforts of the Student Nonviolent Coordinating Committee (SNCC), the Congress of Racial Equality (CORE), and other groups were too often overshadowed by those of Southern Christian Leadership Conference (SCLC), and that the individual sacrifices made by a number of workers…. the extent…[of the] alliances…[between] black and white radicals were crucial in a number of settings outside the Deep South and…, in various locales, these alliances made a critical difference in the kinds of results that were obtained. The focus of the alliances…was often on activity that was driven less by nationalist concerns (from a black point of view), and more by concerns best thought of as generally leftist, and specifically Marxist, in origin. Thus the Black Panthers, for one, started off with a statement of purpose that spelled out their desire to work with a number of oppressed peoples, and that featured extensive reference to other persons of color groups as well as to the white working class.

Monthly Review Volume 63, Number 4 (September 2011)

September 2011 (Volume 63, Number 4)

» Notes from the Editors

In this issue of MR we are reprinting Stephen Hymer’s classic essay, “Robinson Crusoe and the Secret of Primitive Accumulation,” which first appeared forty years ago in the September 1971 issue of MR. It represents, in our view, one of the most important articles produced by a whole generation of radical political economists associated with the revolt against mainstream economics in the 1960s, and the creation of the Union for Radical Political Economics in 1968.… [Hymer’s] final article, “International Politics and International Economics: A Radical Approach,” published posthumously in MR in March 1978, started off with the words: “To be a radical, or to be a scientist, is the same thing; it is a question of trying to go to the root of the matter.”

The Ecology of Marxian Political Economy

It is no secret today that we are facing a planetary environmental emergency, endangering most species on the planet, including our own, and that this impending catastrophe has its roots in the capitalist economic system. Nevertheless, the extreme dangers that capitalism inherently poses to the environment are often inadequately understood, giving rise to the belief that it is possible to create a new “natural capitalism” or “climate capitalism” in which the system is turned from being the enemy of the environment into its savior. The chief problem with all such views is that they underestimate the cumulative threat to humanity and the earth arising from the existing relations of production. Indeed, the full enormity of the planetary ecological crisis, I shall contend, can only be understood from a standpoint informed by the Marxian critique of capitalism.