Bangladesh—A Model of Neoliberalism
The Case of Microfinance and NGOs
In 2006, a few months after the Nobel Peace Prize for Muhammad Yunus and Grameen Bank was announced, I was visiting Germany [where many] Germans…looked at it as a victory over neoliberalism. One German activist theatre group invited me to the show of their latest drama, Taslima and the Microcredit. The show was eye opening for me: I realized to what extent Grameen Bank had been misunderstood in the West, and how media campaigns and public relations activities, including embedded studies, created a myth around the Grameen Bank and Yunus.… The theatre organizers requested me to join a discussion following the show. Standing before a mesmerized audience, I had to tell them the hard truth with facts and figures. I said that, despite their best wishes, they were making a terrible mistake. Grameen had never been an alternative to the World Bank-pushed neoliberal economic model; rather, it was born and brought up as a necessary supplement to it.… | more |
Many people think of cooperatives as small, locally owned businesses, such as groceries, cafes, or bicycle shops, where people can work in an equal and participatory non-capitalist organization. In reality, the U.S. co-op movement is tied to federal agencies whose agenda is promoting neoliberalism, both domestically and abroad, and the co-op movement itself has neoliberal leaders. Many co-ops in name are profit-driven capitalist corporations in practice. And even in the abstract, the co-op principles of smaller co-ops enable neoliberal cooperative politics. All of this, however, raises the question of what a co-op based on socialist values would be, and China’s Nanjie village provides a living example of that.… | more |
The Ecological Civilization Debate in China
The Role of Ecological Marxism and Constructive Postmodernism—Beyond the Predicament of Legislation
China is facing many serious environmental issues, including pollution in the air, groundwater, and soil. These problems have increased since China surpassed Japan as the world’s second-largest economy—and in spite of the Chinese government’s 2007 proposal to build an “ecological civilization,” and writing “ecological civilization” into the Chinese Communist Party’s (CCP) constitution in 2012. Take air pollution as an example; not long ago, cities such as Beijing, Tianjin, and Shanghai witnessed record-breaking smog. Concentrations of fine particulate matter (PM 2.5) reached more than forty times recommended safety levels. In China, up to half a million die each year because of air pollution, according to Chen Zhu, the former health minister of China.… What caused these serious environmental problems? A prevailing explanation is that China “lacks the rule of law”—especially environmental law.… Besides the legal issue, there are three factors responsible for China’s severe ecological crisis: (1) seriously underestimating the power of interest groups and the harmful consequence of capital; (2) the worship of growth or development; (3) an anthropocentric worldview.… | more |
Recovering Histories of Internationalism
The cover of Judy Tzu-Chun Wu’s Radicals on the Road features a sepia-toned photograph of Eldridge Cleaver raising his fist in a Black Power salute behind three Vietnamese women in combat helmets, one of whom is kneeling behind an anti-aircraft gun. While you have probably seen a similar photograph of Jane Fonda from her North Vietnam trip in 1972, images like that of Cleaver are less common, if circulated at all. In this second book by Wu, she documents three sets of journeys, like Cleaver’s, that have remained at the margins of both the scholarship and the popular memory of the antiwar movement.… | more |
Just ideas—or disaster—will triumph
If today it is possible to prolong life, health and the productive time of persons, if it is perfectly possible to plan the development of the population in accordance with growing productivity, culture and development of human values, what are they waiting for to do so?… | more |
Problems Facing the Movement to International Governance
After the Snowden revelations, Internet governance has emerged from relative obscurity, involving only a small technical community, to occupy the center stage of human rights discourse and international relations.… Everyone agrees that digital technologies, including the Internet, are transformative technologies. They reorder society as a whole, as well as relations between society and individuals. But…[their] potential…has not been fully realized. A case in point: instead of the democratizing potential of the Internet, a few global corporations have created monopolies that are much bigger than those we have seen before, and this has happened in just two decades. What does this mean, for instance, for the plurality of media voices? We know that Internet advertising revenue in the United States, having previously overtaken the print media, has now overtaken even TV network advertising revenues. How did monopolies on such a scale happen, and happen so quickly? Does it have to do with the nature of the Internet? Or its architecture and governance?… | more |
A Decade of Consecutive Growth or Stagnation?
China’s official statistics showed that the country’s grain production declined from 512 to 431 million tons between 1998 and 2003. However, according to the Chinese government, since 2004 it has achieved “ten years of consecutive growth” in grain production. According to the official statistics, China’s grain production reached 602 million tons in 2013, nearly 40 percent above the 2003 level.… While the official statistics claim grain production has grown rapidly, China’s surging imports of cereals and soybean suggest that its grain production has struggled to catch up with demand.… This article argues that China’s actual grain production levels may be substantially lower than the officially reported levels; in fact, grain production has stagnated since the late 1990s.… | more |
Essays on Marxian Economics in Japan
Value and Crisis opens with a long and highly informative essay on the development of Marxian economics in Japan, and contains a number of the author’s important and original contributions to this stream of thought. Itoh discusses the major points of view on Marx’s theory of value, on theories of crisis, and on problems of Marx’s theory of market value. … | more |
The Military Art of People's War
Selected Writings of General Vo Nguyen Giap
This collection includes the major writings of General Giap, who, on the evidence of his record as well as his theoretical work, has long been recognized as one of the military geniuses of modern times. The book includes writings from the 1940s to the end of the 1960s and is presented here with a valuable historical introduction by Russell Stetler.… | more |
Social Inequities and Exclusions in Kerala’s ‘Egalitarian’ Development
Social inequalities and exclusions can devastate people’s lives, especially when they are far from the centers of power and control. This wreckage can be seen in many different parts of their lives, but particularly in their health. The health of any given country’s population is primarily determined by politics, and public policies play a critical role. All over the world, countries with a history of egalitarian ideologies, and corresponding policies aimed at reducing social inequalities, have healthier populations. The Indian state of Kerala, which has a long-running radical political tradition and a history of social-reform movements in the early twentieth century, is acclaimed for its achievements in health and social-sector development, including low levels of mortality and fertility, and high levels of life expectancy and literacy—all despite its low-performing economy. Kerala has become a veritable mecca for other low-income nations in social development and health advancement.… | more |
The Labor Share Question in China
In the past two decades, China’s economic growth has been increasingly dependent on investment. To maintain the growth of investment, China must sustain a fairly high rate of profit, and the fall in labor’s share has been seen as a crucial factor to sustain profitability.… Although the mainstream economists have widely admitted there is a downward trend for labor’s share in China, they explain this trend with a story that has nothing to do with class struggle. In this story, the decline of labor’s share is caused by sectoral changes, mainly the decrease of agriculture and the increase of industry and services as a percent of GDP in the reform era…. [But] Does the decline of labor’s share result from sectoral changes?… [In fact] the decline of labor’s share resulted from the loss in the power of the working class during the transition to capitalism. Sectoral changes have disguised the class conflicts in this historical process.… | more |
Former UN Secretary General Boutros Boutros-Ghali sets the tone in his introduction to The Poorer Nations, arguing that the moment has arrived for scholars from the underdeveloped world of plundered resources and impoverished people to make the necessary statements themselves, rather than leaving that work to the first world left. Boutros-Ghali makes one other important point: that Prashad is hard at work rediscovering the hopes of earlier decades, the moment of anti-colonialist hopes, of common feeling among various nationalities and nations freeing themselves and looking forward to a kind of communitarian developmental process that was, often enough, called “socialism.”… | more |
The United States Has Lost the War
An Interview
Twenty-First-Century Land Grabs
Accumulation by Agricultural Dispossession
Land grabs—whether initiated by multinational corporations and private investment firms emanating from the capitalist core, sovereign wealth funds in the Middle East, or state entities such as China and India—are now in the news constantly. For example, in July 2013 the Colombian ambassador to the United States resigned over his participation in a legally questionable effort to help the U.S. corporation Cargill use shell companies to amass 130,000 acres of land. This land was supposed to be used for agricultural production, but there is also land being grabbed for other purposes—such as mining or to construct roads, buildings, and dams. In human terms, land grabs mean real people and families are dispossessed. When people lose access to their land, they also lose their means to obtain food, their communities, and their cultures.… | more |
The Case of Pen Sovann
A Conversation with Cao Zhenglu About His Novel Lessons in Democracy
BARELY three days ago, a high-ranking leader from the Vietnamese Communist Party visited us. Before leaving, he conveyed to me his wish that I write some recollections of my visit to the territory of Vietnam liberated in its heroic fight against the yankee troops in the south of his country. I do not really have much time available, when a large part of […]… | more |
The Political Economy of Decollectivization in China
Decollectivization of China’s rural economy in the early 1980s was one of the most significant aspects of the country’s transition to a capitalist economy. Deng Xiaoping praised it as an “innovation,” and its significance to the overall capitalist-oriented “reform” process surely cannot be overstated. The Chinese government has repeatedly referred to the supposed economic benefits of decollectivization as having “greatly increased the incentives to millions of peasants.” Nevertheless, the political-economic implications of decollectivization have always been highly ambiguous, and questionable at best. Individual or small groups of peasants were frequently portrayed in mainstream accounts as political stars for initiating the process, but this served to obscure the deep resistance to decollectivization in many locales. Moreover, the deeper causes and consequences of the agrarian reform are downplayed in most writings, leaving the impression that the rural reform was in the main politically neutral.… | more |
The Struggle for Food Sovereignty in South Korea
On October 10, 2012, the Korean Women’s Peasant Association (KWPA) was awarded the Food Sovereignty Prize at a ceremony held in New York City. This prize is an alternative to the World Food Prize founded by the late Norman Borlaug, “the father of the Green Revolution.” While the World Food Prize emphasizes increased production through technology, the Food Sovereignty Prize champions solutions coming from those most impacted by the injustices of the global food system.… In order to understand how the KWPA won this prestigious award—even though South Korea’s agriculture contributes only around 2 percent of the nation’s total GDP, while the nation’s market economy is ranked fourteenth among 188 countries—the changes in South Korea’s agriculture under the modern agri-food system need to be examined.… | more |
The Compleat Economist
Nirmal Kumar Chandra (1936-2014)
Nirmal Chandra was, for half a century, among the very closest friends of Monthly Review. A comrade of Paul Sweezy and Harry Magdoff, Nirmal continued to guide their successors in the economics and politics of South Asia. He played a central role in the creation and survival of the sister edition of Monthly Review in India, the Analytical Monthly Review. His contribution to the entire Monthly Review project was offered freely and immediately at the first request, and was invaluable. The loving memorial by the venerable Ashok Mitra, reproduced below, first appeared in The Telegraph on April 4, 2014.… | more |