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The Global Stagnation and China

Five years after the Great Financial Crisis of 2007–09 began there is still no sign of a full recovery of the world economy. Consequently, concern has increasingly shifted from financial crisis and recession to slow growth or stagnation, causing some to dub the current era the Great Stagnation. Stagnation and financial crisis are now seen as feeding into one another.… To be sure, a few emerging economies have seemingly bucked the general trend, continuing to grow rapidly—most notably China, now the world’s second largest economy after the United States. Yet, as [IMF Managing Director Christine] Lagarde warned her Chinese listeners, “Asia is not immune” to the general economic slowdown, “emerging Asia is also vulnerable to developments in the financial sector.” So sharp were the IMF’s warnings, dovetailing with widespread fears of a sharp Chinese economic slowdown, that Lagarde in late November was forced to reassure world business, declaring that stagnation was probably not imminent in China (the Bloomberg.com headline ran: “IMF Sees Chinese Economy Avoiding Stagnation.”) | more…

Ecological Civilization, Indigenous Culture, and Rural Reconstruction in China

The governments of almost all developing countries are facing the long-term twin problems of capital shortages and high fiscal debts, resulting from their attempts to modernize the state forms and economic and financial relations left by colonialism or copied from western political culture. Whether they claimed to be of the left or the right ideologically, they almost invariably undertook policies to attract foreign investment and encourage domestic private investors to join the global industrialization competition during the twentieth century…. Continental China, the biggest developing country, with the largest population (but also with significant natural resource constraints) has close to 20 percent of the world’s population, but only 9 percent of its arable land and a mere 6 percent of its fresh water. Over the centuries, China had its share of drought- or flood-induced famines. But if not for a 6,000-year history of irrigated agriculture, with its related “village rationality” based on traditional indigenous knowledge—which internalizes risks by its multifunctional rural cultures of sustainable self-reliance—China would have been a land of perpetual hunger. | more…

Ecological Marxism in China

Chinese interest in ecological Marxism has grown increasingly in the past twenty years. Amazingly, it has even become, to some extent, an important part of contemporary Marxism in China. But why has it been so well received? This paper will offer some reasons for this and also point out the challenges now facing ecological Marxism in China. | more…

Women, Labor, and Capital Accumulation in Asia

One of the enduring myths about capitalism that continues to be perpetuated in mainstream economic textbooks and other pedagogic strategies is that labor supply is somehow exogenous to the economic system. The supply of labor is typically assumed, especially in standard growth theories, to be determined by the rate of population growth, which in turn is also seen as “outside” the economic system rather than in interplay with it. The reality is, of course, very different: the supply of labor has been very much a result of economic processes, not something extraneous to it. Throughout its history, capitalism has proved adept at causing patterns of labor supply to change in accordance with demand…. But nowhere has this particular capacity of capitalism to generate its own labor been more evident than in the case of female labor. | more…

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.” | more…

The Rise of the Working Class and the Future of the Chinese Revolution

In July 2009, workers at the state-owned Tonghua Steel Company in Jilin, China organized a massive anti-privatization protest. Then, in the summer of 2010, a wave of strikes swept through China’s coastal provinces. These events may prove to be a historic turning point. After decades of defeat, retreat, and silence, the Chinese working class is now re-emerging as a new social and political force.… How will the rise of the Chinese working class shape the future of China and the world? Will the Chinese capitalist class manage to accommodate the working-class challenge while maintaining the capitalist system? Or will the rise of the Chinese working class lead to a new Chinese socialist revolution that could, in turn, pave the way for a global socialist revolution? The answers to these questions will, to a large extent, determine the course of world history in the twenty-first century. | more…

Is There Anything More to Say About the Rosenberg Case?

For more than forty years, defenders of the Rosenbergs have offered an argument unchanged in its essentials. The prosecution obtained the ultimate punishment…[—and that] punishment…was disproportionate and barbaric. However, the Rosenbergs’ defenders now concede that “Julius Rosenberg, code-named ‘Antenna’ and later ‘Liberal,’ had worked as a spy for the Soviet Union.”… The reason for this turnaround is that in 1995 the federal government made public a series of cables, referred to as the “Venona” messages, which were exchanged between the Soviet government and its operatives in the United States during and after the Second World War.… At the end of the play [Waiting for Lefty] a man runs up the center aisle carrying important information that the title character has been killed. These days, I want to shout out to the audience, as did that man, but with a different message. My imagined dramatic scene goes as follows. “Wait, wait!… Listen to me. Please listen.… You’ve heard the Thesis of the defense. You’ve heard the Antithesis of the prosecution. Don’t you want to hear the Synthesis?” | more…

Monthly Review Volume 62, Number 8 (January 2011)

January 2011 (Volume 62, Number 8)

In November, Fred Magdoff traveled to Shanghai with his wife, Amy Demarest, to attend the Marxism and Ecological Civilization conference at Fudan University (see the Review of the Month in this issue). Here are some reflections from Fred about the conference, Shanghai, and China, past and present | more…

Blood on the Path of Love

The Striking Workers of Faisalabad, Pakistan

The government and the bosses go hand-in-hand; more often than not, the bosses are the government.…today’s Pakistani elite are incestuously interconnected via family relations and marriages with a large patronage network of squabbling, but self-serving, interest groups. Their rationale is to keep the country and its resources for themselves: they negotiate among themselves and take the spoils from any sales to the international elite.… Against these latter-day pharaohs stand the conscious and spirited workers.… Mian Qayyum, Bawa Lalif Ansari, and Muhammad Rana [are contemporary narrators of their struggle]. | more…

Red Cop in Red China

Qiu Xiaolong’s Novels on the Cusp of Communism and Capitalism

The books reviewed here are Qiu Xiaolong, Death of a Red Heroine (2000), 464 pages, $14.00; A Loyal Character Dancer (2002), 360 pages, $14.00; When Red Is Black (2004), 320 pages, $13.00, all published in New York by Soho Crime; and A Case of Two Cities (2006), 320 pages, $13.95; Red Mandarin Dress (2007), 320 pages, $13.95; The Mao Case (2009), 304 pages, $13.99, all published in New York by Minotaur Books.

Qiu Xiaolong—the prolific Chinese novelist born 1953 in Shanghai and a resident of the United States since 1988—has made a fetish of the word and the color red, not surprisingly, since he writes about Red China. Three of his innovative novels include red in the title: Death of a Red Heroine (2000), When Red Is Black (2004), and Red Mandarin Dress (2007). In all three of these books, the main character is a sensitive, poetry loving, yet tough-minded police inspector who works for the Shanghai Police Bureau; he’s on the city payroll and doesn’t work as a free-lance private eye for hire | more…

U.S. Terrorism in Vietnam

Bernd Greiner, War Without Fronts: The USA in Vietnam, translated by Anne Wyburd and Victoria Fenn (New Haven: Yale University Press, 2009), 518 pages, $35.00, hardcover.

In late 1970, prompted by the debate over the exposure of U.S. atrocities in the village of Mỹ Lai, an anonymous GI wrote a letter to Army Chief of Staff William Westmoreland, claiming to have witnessed hundreds of acts of terrorism by U.S. soldiers during Operation Speedy Express. The campaign, intended to reclaim portions of the Mekong Delta, purportedly killed over ten thousand enemy but seized only seven hundred weapons. | more…

Farmers, Mao, and Discontent in China: From the Great Leap Forward to the Present

There are widespread misconceptions about numerous aspects of the Chinese revolution. These include a misreading of the Great Leap Forward, the Cultural Revolution, and the “reforms” of the post-Mao era, and the reaction of the overwhelming mass of the peasantry to these movements. Although the revolutionary programs/movements resulted in significant hardships—on the rural population (the Great Leap Forward, 1958-61) or the intellectuals (the Cultural Revolution, 1966-76)—they both produced concrete achievements in the countryside that led to impressive gains in agricultural production and in people’s lives. In contrast, the post-Mao era “reforms” have resulted so far in a huge growth of inequality in China, with the rural population suffering greatly by the dismantling of public support for health and education. In addition, local and regional officials have sold farmland for development purposes, usually lining their own pockets, with inadequate compensation for the farmers. This has resulted in the current massive unrest in rural areas, involving literally hundreds of thousands of incidents with protesting farmers. | more…