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Monthly Review Volume 67, Number 11 (April 2016)

April 2016 (Volume 67, Number 11)

The March/April 2016 issue of Foreign Affairs, published by the Council on Foreign Relations, is devoted in large part to the topic of economic stagnation.… [Of the] eight articles on stagnation, only one…—”The Age of Secular Stagnation” by Lawrence H. Summers—is, in our opinion, of any real importance.… Summers heavily criticizes those like Robert J. Gordon, in The Rise and Fall of American Growth (2016), who attribute stagnation to supply-side “headwinds”…blocking productivity growth.… Likewise Summers dispatches those like Kenneth Rogoff who see stagnation as merely the product of a debt supercycle associated with periodic financial crises.… Despite such sharp criticisms of other mainstream interpretations of stagnation, Summers’s own analysis can be faulted for being superficial and vague, lacking historical concreteness.… In fact, the current mainstream debate on secular stagnation is so superficial and circumspect that one cannot help but wonder whether the main protagonists—figures like Summers, Gordon, Paul Krugman, and Tyler Cowen—are not deliberately tiptoeing around the matter, worried that if they get too close or make too much noise they might awaken some sleeping giant (the working class?) as in the days of the Great Depression and the New Deal.… | more…

March 2016 (Volume 67, Number 10)

March 2016 (Volume 67, Number 10)

Ellen Meiksins Wood, who died on January 14, was coeditor of Monthly Review with Harry Magdoff and Paul M. Sweezy from 1997 to 2000, and a major contributor to historical materialist thought in the late twentieth and early twenty-first century. Her parents were socialist refugees, members of the Jewish Labor Bund who came to the United States in 1941, after fleeing Latvia in the 1930s, when indigenous fascists came to power. Her mother worked for the Jewish Labor Committee in New York and her father for the United Nations. Ellen obtained her B.A. in Slavic languages at the University of California at Berkeley and went on to do graduate studies in political science at Berkeley, where she met and married Neal Wood, a professor in the department. From the late 1960s to the late 1990s, she taught political theory in the political science department at York University in Toronto.… | more…

February 2016 (Volume 67, Number 9)

February 2016 (Volume 67, Number 9)

From mainstream news reports, one might easily conclude that the Paris climate agreement, presented to the world on December 12, 2015, was a complete triumph. The Guardian headlined it as “The World’s Greatest Diplomatic Success.” However, by any meaningful criteria, the Paris climate change agreement was fraudulent, based on a fabric of illusion. Moreover, the distorted media coverage of the climate deal, presenting it as a historical agreement virtually without shortcomings, was made possible in large part by the French government’s banning of the mass climate protests, following the November 2015 terrorist attacks in Paris. With radical protestors silenced and their demands marginalized, the global power elite could make virtually any public claims it wished, without acknowledging any other public voice or alternative view.… | more…

January 2016 (Volume 67, Number 8)

January 2016 (Volume 67, Number 8)

Prabhat Patnaik’s Review of the Month in this issue addresses problems of economic stagnation and imperialism in the context of explaining the current global crisis. Patnaik is part of a broad tradition of Marxian thought and heterodox economic analysis more generally that has long focused on issues of economic stagnation under monopoly capitalism. Such questions are now finally being taken up even by orthodox economists, but in ways that systematically ignore decades of contributions in this regard made by heterodox theorists. Ever since Larry Summers raised the issue of secular stagnation (referring back to Alvin Hansen’s theory of the 1930s and ’40s) at an IMF meeting in 2013, the question of stagnation has become part of a worldwide economic debate, moving issues that were once on the margins to center stage. This has resulted in a proliferation of mainstream economic treatments of the history of the secular stagnation concept in the 1930–1950s period, after which mainstream economists had essentially declared the issue dead.… | more…

December 2015 (Volume 67, Number 7)

December 2015 (Volume 67, Number 7)

In this issue we feature two articles on the 1965–1966 mass killings and imprisonments in Indonesia. The army-led bloodbath was aimed at the near-total extermination of members of the Indonesian Communist Party (PKI), then a highly successful electoral party with a membership in the millions.… In all, an estimated 500,000 to a million (or more) people were murdered. Another 750,000 to a million-and-a-half people were imprisoned, many of whom were tortured. Untold thousands died in prison. Only around 800 people were given a trial—most brought before military tribunals that summarily condemned them to death.… The United States…was involved clandestinely in nearly every part of this mass extermination: compiling lists of individuals to be killed; dispatching military equipment specifically designated to aid the known perpetrators of the bloodletting; offering organizational and logistical help; sending covert operatives to aid in the “cleansing”; and providing political backing to the killers.… [T]he mass killings…[were carried out with the active] complicity of the U.S. media.… | more…

Volume 67, Number 6 (November 2015)

November 2015 (Volume 67, Number 6)

To understand why the Middle East is now in shambles, with the United States currently involved simultaneously in wars against both the Assad government in Syria and the Islamic State in Iraq, generating the greatest refugee crisis in Europe since the Second World War, it is necessary to go back almost a quarter-century to the 1991 Persian Gulf War. The Gulf War, unleashed by the United States in response to Iraq’s invasion of Kuwait, was made possible by the growing disorder in the USSR followed by its demise later that same year. The USSR’s disappearance from the world stage allowed the United States to shift to a naked imperialist stance—though justified in the manner of the colonial empires of old as “anti-terrorism” and “humanitarian intervention”—not only in the Middle East, but also along the entire great arc that had constituted the perimeter of the former Soviet Union.… | more…

Monthly Review Volume 67, Number 5 (October 2015)

October 2015 (Volume 67, Number 5)

Fifty years ago this month, beginning in early October 1965 and extending for months afterwards, the United States helped engineer a violent end to the Communist Party of Indonesia (PKI). Between 500,000 and a million Indonesians were killed by conservative factions of the military led by General Suharto and by right-wing Muslim youth—all with the direct involvement of the CIA, the close cooperation of the U.S. Embassy and State Department, and the guidance of the Johnson administration’s National Security Council.… In forthcoming issues of Monthly Review we are planning to publish work on the Indonesian genocide, which, alongside the Vietnam War, constitutes a major turning point in the history of Southeast Asia in the period, and one of the most brutal acts of mass carnage inflicted by imperialism in the twentieth century. The dire implications of this carry down to the present day.… | more…

Monthly Review Volume 67, Number 4 (September 2015)

September 2015 (Volume 67, Number 4)

In the U.S. case, imperialism has always been closely tied to a system of racial domination at home. As W.E.B. Du Bois wrote some sixty years ago in “Negroes and the Crisis of Capitalism in the United States” (Monthly Review, April 1953; reprinted in April 2003),

The United States, with its existing social structure, cannot abolish the color line despite its promises. It cannot stop injustice in the courts based on color and race. Above all, it cannot stop the exploitation of black workers by white capital, especially in the newest South. White North America beyond the urge of sound economics is persistently driving black folk toward socialism. It is the United States which is straining every effort to enslave Asia and Africa, and educated and well-to-do black Americans are coming to know this just as well as anybody. They may delay their reaction; they may hold ominous silence. But in the end, if this pressure keeps up, they will join the march to economic emancipation [the struggle against capitalism], because otherwise they cannot themselves be free.

Despite the gains of the civil rights era, the reemergence of what is now called the “New Jim Crow,” based on the mass incarceration and repeated police killings of unarmed black men, shows that the old systems of racial control have been “modernized” in the present, maintaining the color line, if in modified fashion: not only in relation to black Americans—though they have a special position emerging out of the whole legacy of slavery…—but also with respect to all other people of color as well.… | more…

July-August 2015 (Volume 67, Number 3)

July-August 2015 (Volume 67, Number 3)

Notes from the Editors

May’s Review of the Month, “Honor the Vietnamese, Not Those Who Killed Them” by MR Associate Editor Michael D. Yates, has elicited many responses. One writer said that Yates had written the best, but perhaps the first, Marxist analysis of the war. Another praised Monthly Review for having the courage to publish this article. Still a third predicted that in the more distant future, humanity would embrace the essay’s judgment and honor the Vietnamese people for their heroic struggle against the overwhelming might of the U.S. military.… In light of these comments, as well as the subject matter of this double issue of Monthly Review on imperialism, we thought it might be worthwhile to say something more about what the Vietnamese themselves naturally enough call the American War, with an eye toward drawing important lessons useful for contemporary radicals.… | more…

Monthly Review Volume 67, Number 2 (June 2015)

June 2015 (Volume 67, Number 2)

In two Monthly Review special issues, “Education Under Fire: The U.S. Corporate Attack on Students, Teachers, and Schools” (July-August 2011) and “Public School Teachers Fighting Back” (June 2013), we sounded an alarm regarding the rapid restructuring and privatization of U.S. K–12 public schools. In terms of the scale of nationwide restructuring, the corporate takeover of education is unprecedented in modern U.S. history. The closest comparison we can come up with is the destruction of the street car systems across the United States and the building of the interstate highway system—in which freeways went right through cities for the first time, often in the face of neighborhood and community resistance. With respect to K–12 education, unimaginable amounts of private funds have gone into pressuring and corrupting government at every level, while the control mechanisms of the new educational system are increasingly left in private, not public, hands. The Common Core Standards and related high-stakes tests are at the center of this new system, and are the product of private corporate groups outside the direct reach of government.… | more…

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