Even when Harry Magdoff was writing articles less often in his final years, he continued to compose letters that displayed his keen interest in world developments, the evolution of his thinking, and his deep personal commitments. Reprinted here are four letters he wrote in the opening years of the new millennium. The first was written while he still lived in New York. The last three were written in Vermont where Harry had moved in June 2002 to live with his son Fred and his daughter-in-law Amy Demarest. The fragilities of old age had largely confined him by then to home. But his thinking still knew no bounds | more…
Harry Magdoff, coeditor of Monthly Review since 1969, socialist, and one of the world’s leading economic analysts of capitalism and imperialism, died in his home in Burlington, Vermont on January 1. He was ninety-two years old | more…
Among the arguments against socialism is that it goes against human nature. “You can’t change human nature” is the frequently heard refrain. That may be true of basic human instincts such as the urge to obtain food to eat, reproduce, seek shelter, make and wear protective clothing. However, what has usually been referred to as “human nature” has changed a great deal during the long history of humankind. As social systems changed, many habits and behavioral traits also changed as people adapted to new social structures. Anatomically modern humans emerged some 150,000 to 200,000 years ago. Over the tens of thousands of years since, many different kinds of social organizations and societies have developed. Initially, most were based on hunting and gathering, while for about the last 7,000 years many have been based on agriculture. These societies were organized as clans, villages, tribes, city-states, nations, and/or empires | more…
If I belong anywhere today, it is with you. But to my great regret, I cannot be physically present. No doubt other speakers will deal with Paul as a major theoretician, a worldwide influential thinker and struggler for the sake of humanity. And there is much to say about Paul the human being. Not to monopolize the stage, I have selected two areas to dwell on: Paul as a friend and Paul as a coworker | more…
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…
These are difficult times for workers. In the wealthy countries of capitalism’s center, labor is struggling to maintain existing wages and benefits against a combined assault by corporations and governments, while conditions of workers in the periphery are even more difficult. The widespread acceptance and adoption of capital’s agenda—”free trade,” “free markets,” greater “flexibility” regarding labor, and reduced social welfare assistance—has led to one group of real winners. Transnational corporations (and their owners and top managers) now have more freedom to produce where labor and other costs are cheap, have their patents protected, and move capital in and out of countries at will. Many workers, unfortunately, are finding that their situation has become more tenuous. | more…
Harry Magdoff sat down to talk in front of a video camera in April 2003, three weeks before the conference “Imperialism Today” sponsored by Monthly Review in honor of his ninetieth birthday. An edited version of his remarks would be shown on a large screen at the start of the conference. But Harry has much to say that will be left on the cutting room floor, not because it lacks relevance, but because the time for the video is short, and a good portion of it will be devoted to how he became a socialist. Here, then, are Harry’s thoughts on capitalism, imperialism, the United States—and Iraq. (Note: the transcript of the interview was edited in July 2003 under Harry’s supervision to fill in a number of details.) | more…
In early July 2002, I asked Harry Magdoff if he would be interviewed for the Statesman, a Kolkata, India newspaper for which I write political commentary. Our first interview was so satisfying that we continued for several sessions. What follows is a discussion of something Harry has considered, what we can learn from the experience of the Soviet Union. It is, characteristically, concerned with learning from history. Harry is methodologically committed to the actual world from which all theory springs, to which it must speak, and to meet whose specific particularities it must continually be reshaped. | more…
For a long time now, the U.S. economy and the economies of the advanced capitalist world as a whole have been experiencing a slowdown in economic growth relative to the quarter-century following the Second World War. It is true that there have been cyclical upswings and long expansions that have been touted as full-fledged “economic booms” in this period, but the slowdown in the rate of growth of the economy has continued over the decades. Grasping this fact is crucial if one is to understand the continual economic restructuring over the last three decades, the rapidly worsening conditions in much of the underdeveloped world to which the crisis has been exported, and the larger significance of the present cyclical downturn of world capitalism | more…
The twentieth anniversary issue of Monthly Review in May 1969 carried the announcement that Harry Magdoff—the independent economist-had officially joined Paul Sweezy as co-editor, replacing Leo Huberman, who had died in 1968
In the decades after 1945, as colonial possessions became independent states, it was widely-believed that imperialism as a historical phenomenon was coming to an end. The six essays collected in this volume demonstrate that a new form of imperialism was, in fact, taking shape—an imperialism defined not by colonial rule but by the global capitalist market. From the outset, the dominant power in this imperialism without colonies was the United States. | more…
Probably the passage in the Communist Manifesto most frequently cited these days is a portrayal of the global spread of capitalism:
All old-established national industries have been destroyed or are being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all nations, by industries that no longer work up indigenous raw material, but raw material drawn from the remotest zones; industries whose products are consumed not only at home, but in every quarter of the globe. In place of the old wants, satisfied by the productions of the country, we find new wants, requiring for their satisfaction the products of distant lands. We have universal inter-dependence of nations…. All nations, on pain of extinction, [are compelled] to adopt the bourgeois mode of production; it compels them to introduce what it calls civilization into their midst, i.e., to become bourgeois themselves. In a word, it creates a world after its own image.
