Top Menu

Political Economy

New this week!
French people went on strike and joined enormous marches across the country on January 19, 2023

Old Age but No Rest: A Political-Economic Reflection on Delayed Retirement Policy

As populations worldwide grow older, politicians are clamoring to raise the retirement age, thus extending people’s working lives at their own expense. Using the lens of political economy, Cai Chao examines the false narratives behind capitalists’ claims that delayed retirement is necessary to maintain society’s productive capacity, and proposes solutions to promote human development at all life stages. | more…

Young people call for action on climate change in London

The Necessity of System Change: An Ecological and Marxian Synthesis

This article will be released in full online April 22, 2023.

In a world of convergent crises, leading voices have called for radical changes to food, financial, and energy systems. However, these fail to account for a deeper systemic crisis: unfettered and accelerating of capital accumulation. In this article, M. Graziano Ceddia and Jacopo Nicola Bergamo provide a more comprehensive narrative, one which emphasizes capital as a social relation—and the potential of the environmental proletariat to dismantle its dominance. | more…

A gas pipeline burns after a collision with a barge and the tugboat Shannon E. Setton near Perot Bay in Lafourche Parish, LA on March 13, 2013

The Ecological Crisis of Capitalism and Human Survival

This article will be released in full online April 29, 2023.

In this remarkable reprise reprinted from Monthly Review‘s October 1992 issue, Harry Magdoff and Paul Sweezy look ahead to the ecological crisis that has continued to unfold into the twenty-first century. Presaging the critical juncture at which we find ourselves today, they write that “only a change in the in the nature of power structures on a global scale could bring a realistic hope for the long-term continuation of human civilization…. If you think that is true, what do you think are the implications?” | more…

Migration is Economic Imperialism: How International Labour Mobility Undermines Economic Development in Poor Countries by Immanuel Ness

The Political Economy of Migration

This article will be released in full online April 29, 2023.

In this review of Immanuel Ness’s Migration as Economic Imperialism, Torkil Lauesen illuminates the links between the migration of labor to theories of equal exchange, which have traditionally focused on international trade. These connections, Lauesen writes, relate to transfer of labor power from the periphery to the core, and the concomitant exploitation of vulnerable workers from the Global South. | more…

Paul Burkett

Eleven Theses on Music

This lyrical vignette from the recently departed Paul Burkett is the author’s final, posthumously published piece for Monthly Review. In it, the eminent ecological economist and jazz musician muses on the nature of creativity, technology, and the corporatization of music—and the struggle to decommodify it, freeing musicians and their craft from the confines of capitalism. | more…

The vegan flag coat of arms

The Case for Socialist Veganism

There is a paradox, Benjamin Selwyn and Charis Davis write, at the heart of corporate veganism in the Global North. While vegan products are sold to consumers as environmentally conscious alternatives to meat and dairy, the world’s largest producers of such products are rapacious, ecologically destructive, and exploitive of populations in the Global South. The authors argue that a turn toward socialist veganism can advance the goals of decommodifying and democratizing our food system. | more…

U.S. weapons sale

Actual U.S. Military Spending Reached $1.537 Trillion in 2022—More than Twice Acknowledged Level: New Estimates Based on U.S. National Accounts

How much does it cost to maintain an empire? A stunning new analysis by Gisela Cernadas and John Bellamy Foster shows the true scale of U.S. military spending, which far outstrips conventional estimates, which use data gleaned from traditional sources. | more…

Integrated circuit on a microchip

What Do We Learn about Capitalism from Chip War?

Chip War (Simon and Schuster, 2022) by Chris Miller is a detailed accounting of the U.S. efforts to retain control of the computer chip industry—an industry that has become vital to nearly all aspects of modern life. Rahul Varman explores and expands on these themes, asking all the while: What can the escalating wars over this crucial technology teach us about global capitalism? | more…

KakaoTalk fire

Platform Company Dominance and Labor Struggles in the Digital Economy: The Case of South Korea

Kyung-Pil Kim charts the history of the Korean platform economy through the rise of Naver and Kakao, the major firms dominating the markets. How do these companies operate? How did they achieve dominance? Finally, what are recent developments and challenges of labor organizing in this sphere? | more…