Secular stagnation (or the trend towards long-term slow growth and continuing high unemployment/underemployment) has become a big issue in the mature economies since 2013, when former U.S. Treasury Secretary Larry Summers raised the question at an IMF economic forum. Compilations of work on the subject can now be found on the Internet, such as the one by economists Coen Teulings and Richard Baldwin; which however leaves out all contributions by heterodox economists. Teulings and Baldwin credit Summers with having “resurrected” the secular stagnation issue. But is this true? Only in the sense that he reintroduced it to mainstream neoclassical economics. It has long been a topic on the left, and particularly in Monthly Review, where editor Paul Sweezy explicitly drew attention to the “secular stagnation” question more than forty years ago—with MR tracking the stagnation trend month by month in the four decades that followed.… Isn’t it about time…that orthodox economists, Summers included, began to acknowledge the enormous work done on this topic on the left over decades, and indeed the greater complexity and historicity of the analysis to be found there—not only in MR but within heterodox economics more generally? Such an admission might even do orthodox economists some good. | more…
Harry Braverman’s Labor and Monopoly Capital, first published forty years ago in 1974, was unquestionably the work that, in the words of historian Bryan Palmer, “literally christened the emerging field of labor process studies.” In the four decades since its appearance Braverman’s book has continued to play a central role in debates on workers’ struggles within industry, remaining indispensable to all attempts at in-depth critique in this area.… This continuing relevance of Braverman’s analysis has to do with the fact that his overall vision of the transformations taking place in modern work relations was much wider than has usually been recognized. Viewed from a wide camera angle, his work sought to capture the complex relation between the labor process on the one hand, and the changing structure and composition of the working class and its reserve armies on the other. This broad view allowed him to perceive how the changes in the labor process were integrally connected to the emergence of whole new spheres of production, the decomposition and recomposition of the working class in various sectors, and the development of new structural contradictions. | more…
Judy Tzu-Chun Wu, Radicals on the Road: Internationalism, Orientalism, and Feminism during the Vietnam Era (Ithaca: Cornell University Press, 2013), 346 pages, $26.95, paperback.
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…
Ervand Abrahamian, The Coup: 1953, the CIA, and the Roots of Modern U.S.-Iranian Relations (New York: New Press, 2012), 304 pages, $26.95, hardback.
The Cold War between the Soviet Union and the United States began in earnest as soon as the Second World War ended, shaping most of the remainder of the twentieth century. The U.S. doctrine of “containment” required confronting the Soviets at every point of contact, accompanied by the claim that lasting peace could be reached only through the establishment of an international order based on national states which enjoyed a U.S.-defined political liberty and a capitalist economic order. The Soviets bolstered their security through providing support to countries seen as friendly and close to their borders. Therefore, maintaining influence in Iran was a goal of Soviet foreign policy in the Middle East. U.S. foreign policy was shaped by its own state interests and ideology and driven by the American postwar, worldwide systems of military bases.… It is this turbulent period of geopolitical maneuvering that Ervand Abrahamian’s The Coup revisits. Yet, unlike other books on the 1953 events in Iran, Abrahamian locates the U.S.-backed coup less in the Cold War ideological confrontation between East and West than in the conflicts which opposed imperialism and nationalism; between the center of world capitalism and the underdeveloped economies heavily dependent on exporting raw natural resources. | more…
The current stage of capitalism is characterized by the increased power of finance capital. How to understand the economics of this shift and its political implications is now central for both the left and the larger society. There can be little doubt that a signature development of our time is the growth of finance and monopoly power. | more…
There are two diametrically opposed conceptions of reading and dyslexia, each with loyal advocates. This analysis will clarify some of the important categories that are needed in order to participate knowledgeably and critically in current discussions about dyslexia.… The first conception is dyslexia as biological disease—medicalized dyslexia. By the medicalization of dyslexia is meant that dyslexia is considered to arise from a pathologic condition of the human brain and mind.… A very different conception of why some people fail to learn to read can be found in the transactional sociopsycholinguistic model of reading, whose most widely cited figure is educator Kenneth S. Goodman. Rather than looking inside the poor reader for the source of the problem, this model looks to the surrounding social context. | more…
Bill Ayers, Public Enemy: Confessions of an American Dissident (Boston: Beacon Press, 2013), 240 pages, $24.95, hardcover.
In this beautifully written memoir, Bill Ayers recounts his bizarre and unsettling experience as a “public enemy” during the 2008 presidential election. An unlikely grouping of right-wing web sites, Fox News, liberal foundations, George Stephanopolous, and even university faculty and presidents did their part to portray the then-Distinguished Professor of Education at the University of Illinois, Chicago as a veritable mad man, someone profoundly immoral whom any self-respecting public figure or institution should immediately disavow. This suggests the salience of two phenomena: first, the perennial appeal of demonizing the U.S. left (especially—but not only—its militant wing), and the ready availability of a variety of tropes to do so.… Second, the incidents reveal a dark region of U.S. political culture striving to influence the mainstream. Many Americans were unsettled at the prospect of a black president, and they have displayed their fears, hatreds, and anxieties in various ways ever since. | more…
Betty Medsger, The Burglary: The Discovery of J. Edgar Hoover’s Secret FBI (New York: Alfred A. Knopf, 2014), 544 pages, $29.95, hardcover.
Activists in the anti-war, civil rights, and New Left movements in the 1950s and ’60s were sure they and their organizations were being spied on by J. Edgar Hoover’s FBI. …. But there was little hard proof of a wider strategy to destroy deliberately entire organizations by the use of completely illegal methods. That was soon to change.… In late 1970 [William Davidon] recruited seven other anti-war activists, mostly pacifists, into a secret Citizens Committee to Investigate the FBI. On March 8, 1971, the night of the Mohammed-Ali-Joe Frazier heavyweight match, they broke into the unprotected offices of the FBI in Media, Pennsylvania and made off with all the files, on the assumption that they would find evidence of the FBI’s systematic spying on Americans. They had no idea that what they had in their hands would soon expose much more. | more…
Barbara Kingsolver, Flight Behavior (New York: HarperCollins, 2012), 464 pages, $16.99, paperback.
Life is no crystal staircase for Dellarobia, the main character in Barbara Kingsolver’s novel Flight Behavior. It is a stirring read, but not as much as her 1998 novel The Poisonwood Bible, a powerful female-centric story set in the Belgian Congo.… In Flight Behavior, Dellarobia is rearing two small kids in a low-income household, and living in the “right-to-work” (at low pay) state of Tennessee. She is alienated from herself, her husband, and especially her mother-in-law. In an era of U.S. working-class demobilization, Dellarobia is adrift in a loveless marriage. She and her husband Cub married young and became parents before fully getting to know each other.… Dellarobia’s angst develops within monopoly-finance capitalism. Kingsolver, like Emily Dickinson before her, shows and tells the story slant. | more…
The United States came out of the Second World War as the hegemonic power in the world economy. The war had lifted the U.S. economy out of the Great Depression by providing the needed effective demand in the form of endless orders for armaments and troops. Real output rose by 65 percent between 1940 and 1944, and industrial production jumped by 90 percent. At the immediate end of the war, due to the destruction of the European and Japanese economies, the United States accounted for over 60 percent of world manufacturing output. The very palpable fear at the top of society as the war came to a close was that of a reversion to the pre-war situation in which domestic demand would be insufficient to absorb the enormous and growing potential economic surplus generated by the production system, thereby leading to a renewed condition of economic stagnation and depression.… Postwar planners in industry and government moved quickly to stabilize the system through the massive promotion of a sales effort in the form of a corporate marketing revolution based in Madison Avenue, and through the creation of a permanent warfare state, dedicated to the imperial control of world markets and to fighting the Cold War, with its headquarters in the Pentagon. The sales effort and the military-industrial complex constituted the two main surplus-absorption mechanisms (beyond capitalist consumption and investment) in the U.S. economy in the first quarter-century after the Second World War. | more…
The government is collecting information on millions of citizens. Phone, Internet, and email habits, credit card and bank records—virtually all information that is communicated electronically is subject to the watchful eye of the state. The government is even building a nifty, 1.5 million square foot facility in Utah to house all of this data. With the recent exposure of the NSA’s PRISM program by whistleblower Edward Snowden, many people—especially activists—are wondering: How much privacy do we actually have? Well, as far as electronic privacy, the short answer is: None. None at all. There are a few ways to protect yourself, but ultimately, nothing in electronic communications is absolutely protected. | more…
The National Security Agency (NSA) document cache released by Edward Snowden reveals a need to re-theorize the role of state and corporate surveillance systems in an age of neoliberal global capitalism. While much remains unknowable to us, we now are in a world where private communications are legible in previously inconceivable ways, ideologies of surveillance are undergoing rapid transformations, and the commodification of metadata (and other surveillance intelligence) transforms privacy. In light of this, we need to consider how the NSA and corporate metadata mining converge to support the interests of capital. | more…
