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The Editors

March 2008 (Volume 59, Number 10)

March 2008 (Volume 59, Number 10)

This month marks the fifth year of the U.S. war and occupation in Iraq, which commenced on March 19, 2003. Despite setbacks for the U.S. empire, including unexpected losses in lives and money as a result of the continuing resistance of the Iraqi population, this war has succeeded in the U.S. imperial objective of eliminating Iraq, once a powerful force in the Middle East, as a nation to be reckoned with. Much of its population is dead, displaced, and divided. Its infrastructure is in tatters. The country is occupied on a seemingly permanent basis by U.S. military forces, allowing Washington to project its power more fully in the region, and making it easier to threaten Iraq’s neighbor Iran. Iraqi oil, designated as a vital strategic asset by Washington, is now largely in the grip of the U.S. empire.… | more |

February 2008 (Volume 59, Number 9)

February 2008 (Volume 59, Number 9)

Twenty years ago climatologist James Hansen of NASA’s Goddard Institute of Space Studies, widely considered to be the world’s leading authority on global warming, first brought the issue into the public spotlight in testimony before the U.S. Congress. Recently, Hansen published an article entitled “Climate Catastrophe” in the New Scientist (July 28, 2007), http://www.newscientist.com. There he presented evidence suggesting that under “business as usual,” in which greenhouse gas emissions continue to increase unchecked, a rise in sea level by several meters during the present century due to the melting of polar ice sheets is a “near certainty.” … | more |

January 2008 (Volume 59, Number 8)

January 2008 (Volume 59, Number 8)

The victory of the No vote in the Venezuelan constitutional reform referendum in December is being treated by Washington as a major defeat for Chávez’s efforts to promote a socialism for the twenty-first century in Venezuela. But the opposition to the Bolivarian Revolution was so aware of its own weaknesses that it adopted as its final slogan “Chávez, Yes; Reform, No.” The defeat of the constitutional reform was guaranteed by the fact that 44 percent of the population, many of whom had supported Chávez previously, chose not to vote. This may simply be due to the fact that the proposed constitutional reforms were enormously complex with changes in 69 articles. But it is also true that a propaganda campaign authored and choreographed by Washington and the CIA, and implemented by the Venezuelan elites who control the private media, had a considerable effect in blocking the reform effort.… | more |

December 2007 (Volume 59, Number 7)

December 2007 (Volume 59, Number 7)

This year marks the 150th anniversary of the birth of Thorstein Veblen, the greatest critic of U.S. capitalism in the early twentieth century and one of the foremost social theorists of all times. Veblen was the subject of a special issue of Monthly Review fifty years ago last July in celebration of the centennial of his birth. He remains important today from our perspective for at least three reasons: (1) he was the first to develop a theory of monopoly capitalism, including a recognition not only of the implications of the rise of a big-business dominated economy, but also the new role assumed in this era by finance, advertising, the penetration of the sales effort into the production process, excess productive capacity, etc.; (2) Veblen provided a strong critique of the ecological destruction of U.S. capitalism (particularly the devastation of forests); and (3) Veblen’s unbridled wit and sardonic language coupled with his keen analysis cut to the heart of capitalist ideology. Thus, for instance, he wrote of the ahistorical character given by orthodox economics to such categories as capital and wage labor… | more |

November 2007 (Volume 59, Number 6)

November 2007 (Volume 59, Number 6)

Former Federal Reserve Board Chairman Alan Greenspan’s new book The Age of Turbulence (Penguin 2007) set off a firestorm in mid-September with its dramatic statement on the Iraq War: “I am saddened that it is politically inconvenient to acknowledge what everyone knows: that the Iraq war is largely about oil” (p. 463). The fact that someone of Greenspan’s stature in the establishment—one of the figures at the very apex of monopoly-finance capital—should issue such a twenty word statement, going against the official truths on the war, and openly voicing what “everyone knows,” was remarkable enough. Yet, his actual argument was far more significant, and since this has been almost completely ignored it deserves extended treatment here. … | more |

The elections

Our elections are the antithesis of those held in the United States, not on Sundays but on the first Tuesday of November. Being very rich or having the support of lot of money is what matters the most there. Huge amounts are later on invested in publicity, specialized in brain washing and the creation of conditioned reflexes.… | more |

October 2007 (Volume 59, Number 5)

October 2007 (Volume 59, Number 5)

It is almost unheard of for a whole issue of MR (other than occasionally one of our special July-August issues) to be devoted to a single contribution. The typical MR issue consists of a lot of short articles. We have no intention of changing that. Nevertheless, we are making a rare exception in the case of Edward S. Herman and David Peterson’s “The Dismantling of Yugoslavia,” which we regard as the definitive critique at this stage both of the U.S./NATO role in the exploitation and exacerbation of the Yugoslavian tragedy and of the “Western Liberal-Left Intellectual and Moral Collapse” that made this possible. So effective has been the media propaganda system at presenting the imperialist wars in Yugoslavia in the 1990s as “humanitarian interventions” that this not only bolstered support for the invasions and occupations in Afghanistan and Iraq (in defiance of international law), but is now being offered as a justification for further possible “humanitarian interventions” elsewhere, such as Iran, the Sudan (Darfur), Nigeria, and even Venezuela… | more |

September 2007 (Volume 59, Number 4)

September 2007 (Volume 59, Number 4)

» Notes from the Editors

We have been arguing in these pagesfor more than three decades that the dominant economic reality of advanced capitalism is a tendency toward stagnation of production accompanied by financial explosion. In an article on “The Centrality of Finance,” in the August 2007 issue of the Journal of World-System Research, MR and MR Press author William K. Tabb writes:

Real global growth averaged 4.9 percent a year during the Golden Age of national Keynesianism (1950–1973). It was 3.4 percent between 1974 and 1979; 3.3 percent in the 1980s; and only 2.3 percent in the 1990s, the decade with the slowest growth since World War II. The slowing of the real economy led investors to seek higher returns in financial speculation…. [I]increased liquidity and lower costs of borrowing encouraged in turn further expansion of finance. The coincident trends of growing inequality and insecurity…and the spreading power of rapid financialization do not suggest a smooth continued expansion path for a society based on increased debt and growing leverage.… | more |

July-August 2007 (Volume 59, Number 3)

July-August 2007 (Volume 59, Number 3)

At the end of May the Bush administration announced that the United States is planning on maintaining permanent military bases in Iraq on a model like that of South Korea, where U.S. troops have been deployed in massive numbers for more than fifty years. Despite the failures associated with the U.S. invasion of Iraq, Washington is openly proclaiming to the world that it intends to do everything it can to maintain a lasting military presence in that country. By doing so it hopes to retain the main spoils won in the war and to declare it a partial victory. The strategic objectives are obvious: to control Iraq and Iraqi oil, threaten Iran, and dominate the geopolitically vital Middle East. Thus Secretary of Defense Robert Gates declared on May 31 that he did not expect the United States to withdraw from Iraq as from Vietnam “lock, stock and barrel” and invoked the example of South Korea. Earlier that week White House Press Secretary Tony Snow, conveying the views of President Bush, said U.S. troops would remain but would be in an “over-the-horizon support” role to maintain security in Iraq—with permanent bases on the South Korean model. Lt. Gen. Raymond Odierno, in charge of daily military operations in Iraq, stated on May 31 that he supported the creation of a South Korean type U.S. military presence in Iraq. The message could not be clearer and can be summed up as: Naked Imperialism: The U.S. Pursuit of Global Dominance (see John Bellamy Foster’s book with this title for an analysis of the larger forces at work).… | more |

June 2007 (Volume 59, Number 2)

June 2007 (Volume 59, Number 2)

In January 2007 the Development, Concepts and Doctrine Centre of the UK Ministry of Defence published a ninety-page report, entitled Global Strategic Trends, 2007–2036, highlighting a wide array of potential dangers to the prevailing order over the next thirty years. The report is organized around three “Ring Road Issues”: (1) climate change, (2) globalization, and (3) global inequality (p. xiii). Global warming and the possibility of abrupt climate change, together with the end of “the golden age of cheap energy,” are seen as placing increasing strains on populations throughout the planet (p. 31). The globalization of the world economy, embodying “particularly ruthless laws of supply and demand,” is viewed as creating new interdependencies, contradictions, and conflicts. Expanding global inequality, the UK Ministry of Defence insists, could lead to “a resurgence of not only anti-capitalist ideologies . . . but also to populism and the revival of Marxism” (p. 3)… | more |

May 2007 (Volume 59, Number 1)

May 2007 (Volume 59, Number 1)

Recent attempts, however tentative, by Congressional Democrats to establish a timetable for the withdrawal of U.S. combat forces from Iraq should be looked upon as a victory for the antiwar movement. Not only is the Democratic Party clearly aware that its current congressional majority was the result of popular dissatisfaction with the war, but nationwide antiwar rallies have recently driven the point home. Under these circumstances, the Democrats had no choice but to challenge administration policy on the war. However, it would be a grave mistake to conclude from this that the political establishment in the United States is severely split on the question of imperialism, or that the Democratic Party is shifting towards a general anti-imperialist stance. Recent attempts, however tentative, by Congressional Democrats to establish a timetable for the withdrawal of U.S. combat forces from Iraq should be looked upon as a victory for the antiwar movement. Not only is the Democratic Party clearly aware that its current congressional majority was the result of popular dissatisfaction with the war, but nationwide antiwar rallies have recently driven the point home. Under these circumstances, the Democrats had no choice but to challenge administration policy on the war. However, it would be a grave mistake to conclude from this that the political establishment in the United States is severely split on the question of imperialism, or that the Democratic Party is shifting towards a general anti-imperialist stance… | more |

April 2007 (Volume 58, Number 11)

April 2007 (Volume 58, Number 11)

The U.S. economy in early March 2007 appears to be rapidly decelerating. Orders for durable goods in manufacturing dropped 8 percent in January and the manufacturing sector as a whole shrank during two of the last three months for which data is currently available (November–January), representing what is being called a “recession” in manufacturing, and raising the possibility of a more general economic downturn (New York Times, February 28, 2007)… | more |

March 2007 (Volume 58, Number 10)

March 2007 (Volume 58, Number 10)

Our friends Leo Panitch and Colin Leys, editors of the Socialist Register, have recently published Coming to Terms with Nature: Socialist Register, 2007 (Monthly Review Press, 2006), which includes contributions by a distinguished group of analysts addressing crucial environmental issues—dealing with everything from “fossil capitalism” to eco-localism… | more |

February 2007 (Volume 58, Number 9)

February 2007 (Volume 58, Number 9)

Monthly Review Press is publishing an exceptionally strong collection of new books in 2007. However, like most small presses the modest budgets we can devote to the promotion of these books scarcely allow us to be heard above the din created by the massive promotional campaigns of the large corporate publishing firms, which are, of course, mere arms of much greater media conglomerates. We are therefore hoping successfully to promote these new books mainly by word of mouth with the help of MR readers and friends. In this space last month we referred to Michael D. Yates’s new book, Cheap Motels and a Hot Plate, which is now available. Two other new releases are Jean Bricmont’s Humanitarian Imperialism: Using Human Rights to Sell War (translated from the French by Diana Johnstone), and The Socialist Register, 2007: Coming to Terms with Nature, edited by Leo Panitch and Colin Leys. Bricmont’s book seeks to reintroduce the critique of imperialism to the global discussion on human rights, while the new Socialist Register addresses the emerging eco-socialist critique of capitalism… | more |

January 2007 (Volume 58, Number 8)

January 2007 (Volume 58, Number 8)

In late November 2006 John Bellamy Foster traveled to Brazil where he delivered addresses on the global ecological devastation of capitalism, and the need for worldwide ecosocialist resistance, at two universities in the state of Santa Catarina: the Regional University of Blumenau and the Federal University of Santa Catarina in Florianópolis. These talks were part of the third annual Bolivarian Days Conference organized by the Institute of Latin American Studies in Brazil. The theme this year was “Social Theory and Eurocentrism in Latin America: The Insurgency of Critical Thought.” The conference provided ample evidence of the vitality of socialist and anti-imperialist critiques both in Brazil and in Latin America as a whole in what is clearly a new era of revolt… | more |

December 2006 (Volume 58, Number 7)

December 2006 (Volume 58, Number 7)

In a survey of the Iraqi population, the results of which were released last June, 76 percent of those surveyed gave as their first choice “to control Iraqi oil” when asked to choose three reasons that the United States invaded Iraq. The next most common answers were “to build military bases” and “to help Israel.” Less than 2 percent picked “to bring democracy to Iraq” as their first choice (University of Michigan News Service, June 14, 2006 [http://www.nsumich.edu], U.S. News & World Report, August 17, 2006). In the United States the “blood for oil” explanation for the war is regularly scorned by the powers that be, including the corporate media. However, there is no way of getting around the fact that nearly all questions regarding Iraq return in one way or another to oil… | more |

November 2006 (Volume 58, Number 6)

November 2006 (Volume 58, Number 6)

Venezuelan president Hugo Chávez’s extraordinary speech to the General Assembly of the United Nations in September drew worldwide media attention not simply because he referred to the current occupant of the White House as “the devil” for his nefarious actions as the leader of world imperialism, but also because of his scarcely less heretical praise of MR and MR Press author Noam Chomsky for his book Hegemony or Survival: America’s Quest for Global Dominance. As the foremost dissident intellectual in the United States, Chomsky is generally ostracized by the dominant U.S. media system, treated as a ghost-like or even non-existent figure. The establishment was thus caught off guard when Chávez’s comments suddenly catapulted Hegemony or Survival into the bestseller list, along with another recent Chomsky book, Media Control: The Spectacular Achievements of Propaganda. The speed with which orders for Chomsky’s books piled up in bookstores and Internet distributors across the nation demonstrated beyond any doubt that people are hungry for serious radical critiques of U.S. imperialism but seldom know where to look—since all such dissident views are deemed off limits by the ruling media-propaganda system… | more |

October 2006 (Volume 58, Number 5)

October 2006 (Volume 58, Number 5)

Fidel Castro’s illness in August has nurtured the hopes of Miami-based Cuban émigrés and the U.S. ruling class that a “transition in Cuba” will soon be possible. It is often implied that this is a question of a transition to “democracy” and “free elections.” However, what is actually being planned in Washington, as part of a decades-long strategy, is an immediate transition back to capitalism in Cuba—at whatever the cost to the Cuban people… | more |

September 2006 (Volume 58, Number 4)

September 2006 (Volume 58, Number 4)

After eighteen years on West 27th St., the MR offices will move this month to a new address: 146 West 29th St., Suite 6W, New York, NY 10001. Fortunately, our phone and fax numbers, not to mention our e-mail addresses, will remain the same. We will continue to offer current and back issues of the magazine and MR Press books for sale at the office. Call 212-691-2555 for hours… | more |

July-August 2006 (Volume 58, Number 3)

July-August 2006 (Volume 58, Number 3)

Johann Wolfgang von Goethe’s famous remark, cited by Karl Marx, among others, was surely a part of the sensibility that motivated Harry Magdoff’s life and work. Harry’s writing and scholarship were important achievements and distinguished contributions to the socialist project, but they were grounded in a profound understanding of life, history, and the human condition. The centrality of both theory and life were much in evidence on a clear brisk weekend in early May, when many of the MR extended family—readers, writers, staff, and, of course, the Magdoff family—gathered in New York, on Saturday for a roundtable on Harry’s contributions and the future of MR, and on Sunday for a meeting celebrating, as it turned out, the lives of both Harry and his beloved wife Beadie… | more |

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