January 2021 (Volume 72, Number 8)
We are extremely pleased to announce that John Bellamy Foster, editor of Monthly Review, has won the prestigious Deutscher Memorial Prize for 2020 for his The Return of Nature: Socialism and Ecology. | more…
The Contagion of Capital
Financialized Capitalism, COVID-19, and the Great Divide
Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. | more…
The great denial
A new poem by Marge Piercy. | more…
Value and Crisis: Essays on Marxian Economics in Japan, second edition
Marxist economic thought has had a long and distinguished history in Japan, dating back to the First World War. When interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx’s Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh’s Value and Crisis began to chronicle these Japanese contributions to Marxist theory, discussing in particular views on Marx’s theories of value and crisis, and problems of Marx’s theory of market value. Now, in a second edition of his book, Itoh deepens his study of Marx’s theories of value and crisis, as an essential reference point from which to analyze the multiple crises that have arisen during the past four decades of neoliberalism. The promise of Marx’s theories has not waned. If anything—given the failure of Soviet-style socialism and the catastrophe of neoliberalism—it grows daily. | more…
Socialist Register 2021: Beyond Digital Capitalism: New Ways of Living
Every year since 1964, the Socialist Register has offered a fascinating survey of movements and ideas from the independent new left. This year’s edition asks readers to explore just how we need to live with new technologies. Essays in this 57th Socialist Register reveal the contradictions and dislocations of technological change in the twenty-first century. And they explore alternative ways of living: from artificial intelligence (AI) to the arts, from transportation to fashion, from environmental science to economic planning. | more…
The Return of Nature and Marx’s Ecology
In an interview with Alejandro Pedregal, John Bellamy Foster tells us about the paths great ecosocialist thinkers traveled, the most prominent debates in current Marxist ecological thought, and the urgent need for a project that transcends the conditions that threaten the existence of our planet today. | more…
Crisis and Predation: India, COVID-19, and Global Finance
With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. | more…
November 2020 (Volume 72, Number 6)
In this issue of Monthly Review, we publish two articles marking the two-hundredth anniversary of the birth of Frederick Engels. In the attempt to address our planet’s ecological crisis, Engels’s work has once acquired a renewed importance. His analysis of the dialectics of nature was to play a formative role in the development of modern ecological and evolutionary views and is now being rediscovered in that context. | more…
Engels’s Dialectics of Nature in the Anthropocene
Today, two hundred years after his birth, Frederick Engels can be seen as one of the foundational ecological thinkers of modern times. Engels’s contributions to our understanding of the overall ecological problem remain indispensable, rooted in his own deep inquiries into nature’s universal metabolism. It is because of the very comprehensiveness of his approach to the dialectic of nature and society that Engels’s work can help clarify the momentous challenges facing humanity in the Anthropocene epoch and the current age of planetary ecological crisis. | more…
Engels’s Emergentist Dialectics
In grasping emergent qualities and laws on various levels of organization of matter, dialectical theory employs its own conceptual structure, scientific language, and investigation method, and takes a categorially open-ended shape. In this context, Engels provides a remarkable illustration that not only argues for the interconnection and interpenetration of distinct spheres such as chemistry and biology, but also draws on a generative feature of self-organizing systems. | more…
The Commodification of Online Cooperation
The story of the consumer’s involvement in the sphere of production is not new, as consumers have been providing unpaid labor to and otherwise subsidizing capitalism since at least the mid–twentieth century. Yet, as the economy has evolved so too have the scope and complexity of consumer work. | more…
Facing the Anthropocene: An Update
Scientific knowledge and debates in Anthropoene science have developed over the years, particularly in the two main fields involved: geology, which has mainly been concerned with formally defining the new epoch; and Earth System science, which studies the global biological, chemical, and physical changes that are reshaping the conditions of life on this planet. | more…