How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. … | more |
Paramilitarism and the Assault on Democracy in Haiti
In this path-breaking book, Jeb Sprague investigates the dangerous world of right-wing paramilitarism in Haiti and its role in undermining the democratic aspirations of the Haitian people. Sprague focuses on the period beginning in 1990 with the rise of Haiti’s first democratically elected president, Jean-Bertrand Aristide, and the right-wing movements that succeeded in driving him from power. Over the ensuing two decades, paramilitary violence was largely directed against the poor and supporters of Aristide’s Lavalas movement, taking the lives of thousands of Haitians. Sprague seeks to understand how this occurred, and traces connections between paramilitaries and their elite financial and political backers, in Haiti but also in the United States and the Dominican Republic. … | more |
The Restoration of Capitalism in Poland
In the 1980s and 90s, renowned Polish economist Tadeusz Kowalik played a leading role in the Solidarity movement, struggling alongside workers for an alternative to “really-existing socialism” that was cooperative and controlled by the workers themselves. In the ensuing two decades, “really-existing” socialism has collapsed, capitalism has been restored, and Poland is now among the most unequal countries in the world. Kowalik asks, how could this happen in a country that once had the largest and most militant labor movement in Europe?… | more |
The Contradictions of “Real Socialism”
The Conductor and the Conducted
In this concise volume, noted scholar and economist Michael A. Lebowitz considers the legacy of twentieth century socialist societies, or what some have termed “real socialism.” While these societies were able to claim major achievements in areas from health care to education to popular culture, they nonetheless met limited success in eroding what Marx called the “opposition of the worker as direct producer and the proprietor of the means of production.” That this opposition between workers and managers continued to exist in one form or another under “real socialism” means that, according to Lebowitz, a crucial aspect of the socialist project was lost.… | more |
An Introduction to the Three Volumes of Karl Marx’s Capital
Heinrich’s modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx’s critique of capitalism in a way that is clear and concise. … | more |
Capital Accumulation and Women’s Labour in Asian Economies
The global impact of Asian production of the wage goods consumed in North America and Europe is only now being recognized, and is far from being understood. Asian women, most only recently urbanized and in the waged work force, are at the center of a process of intensive labor for minimal wages that has upended the entire global economy. First published in 1997, this prescient study is the best available summary of this crucial process as it took hold at the very end of the twentieth century. This new edition brings the discussion up to 2011 with an extensive introduction by world-famous economist Jayati Ghosh of Delhi’s Jawaharlal Nehru University.… | more |
Winner of South Africa’s top literary prize, the Alan Paton Award, The Unlikely Secret Agent tells the thrilling true story of one woman’s struggle against the apartheid system. It is 1963. South Africa is in crisis and the white state is under siege. On August 19th, the dreaded Security Police descend on Griggs bookstore in downtown Durban and arrest Eleanor, the white daughter of the manager. They threaten to “break her or hang her” if she does not lead them to her lover, “Red” Ronnie Kasrils, who is wanted on suspicion of involvement in recent acts of sabotage, including the toppling of electricity pylons and explosions at a Security Police office in Durban. But Eleanor has her own secret to conceal.… | more |
Cocaine, Death Squads, and the War on Terror
U.S. Imperialism and Class Struggle in Colombia
Since the late 1990s, the United States has funneled billions of dollars in aid to Colombia, ostensibly to combat the illicit drug trade and State Department-designated terrorist groups. The result has been a spiral of violence that continues to take lives and destabilize Colombian society. This book asks an obvious question: are the official reasons given for the wars on drugs and terror in Colombia plausible, or are there other, deeper factors at work? Scholars Villar and Cottle suggest that the answers lie in a close examination of the cocaine trade, particularly its class dimensions. … | more |
How Globalization is Making India More Hindu
Against expectations of growing secularism as a result of globalization, Meera Nanda argues that India has instead seen a remarkable intertwining of Hinduism and neoliberal ideology, spurred on by a growing capitalist class. It is this “State-Temple-Corporate Complex,” she claims, that now wields decisive political and economic power, and provides ideological cover for the dismantling of the Nehru-era state-dominated economy. Nanda explores the roots of this development and its possible future, as well as the struggle for secularism and socialism in the world’s second-most populous country. … | more |
Labor Fights Back
In early 2011, the nation was stunned to watch Wisconsin’s state capitol in Madison came under sudden and unexpected occupation by union members and their allies. The protests to defend collective bargaining rights were militant and practically unheard of in this era of declining union power. This timely book brings together some of the best labor journalists and scholars in the United States, many of whom were on the ground at the time, to examine the causes and impact of events, and suggest how the labor movement might proceed.… | more |