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Political Economy

The Anthropology Wars

In 1929 Bronislaw Malinowski, the primogenitor of twentieth century anthropology, published an article extolling the merits of his science in the process of colonial administration.… It was essentially a fundraising pitch for the Institute, which was seeking a subsidy from the Rockefeller Foundation by demonstrating the workaday virtues of what was until then an obscure discipline with little apparent importance to the vast powers stretching outward from the heart of capitalism to envelope the world. Eight decades later anthropology’s quest for investment perseveres…. Yet the tables have strangely turned: it is now imperial powers, cash in hand, which turn to a reluctant anthropology, seeking scientific means of domination through a form of cultural warfare. In Weaponizing Anthropology, David Price documents the latest form of blood alimony proffered by the custodians of empire to the discipline which was once styled the “child of western imperialism.” | more…

Monthly Review Volume 64, Number 6 (November 2012)

November 2012 (Volume 64, Number 6)

From September 10–18, 2012, …[the] rank-and-file-led Chicago Teachers Union went on strike in what is the third-largest school district in the nation with some 350,000 students.… Working-class communities in Chicago came massively to the aid of the strikers. More than a strike simply over wages, teachers were fighting against the corporatization, privatization, and degradation of schools, including: education cutbacks; school closings; teacher layoffs; merit-based pay and removal of teacher-seniority protections; loss of benefits; increased class sizes; shortages of textbooks and equipment; longer school days and longer working hours for teachers; excessive testing; teacher evaluation based mainly on student test scores…; the imposition of an increasingly standardized, corporate-derived curriculum; the charterization of schools; and a highly segregated school district.… The Chicago teachers won a number of partial victories as a result of the strike…. This struggle over elementary and secondary education…is at the very heart of class/social conflict in the United States today. Moreover, neoliberal attacks on public education are now occurring on a global level. Consequently, we intend to devote added attention to the battle over K–12 education in future issues of MR. | more…

This Isn’t What Democracy Looks Like

On the brink of the 2012 presidential election, and without considering that electoral contest itself, it is useful to comment on the state of U.S. democracy. The most striking lesson from contemporary U.S. election campaigns is how vast and growing the distance is between the rhetoric and pronouncements of the politicians and pundits and the actual deepening, immense, and largely ignored problems that afflict the people of the United States.… Mainstream politics seem increasingly irrelevant to the real problems the nation faces…. The degeneration of U.S. politics is a long-term process.… capitalism and democracy have always had a difficult relationship. The former generates severe inequality and the latter is predicated upon political equality.… Capitalist democracy therefore becomes more democratic to the extent that it is less capitalist (dominated by wealth) and to the extent to which popular forces—those without substantial property—are able to organize successfully to win great victories…. In the past four decades such organized popular forces in the United States—never especially strong compared to most other capitalist democracies—have been decimated, with disastrous consequences. The United States has long been considered a “weak democracy”; by the second decade of the new century that is truly an exaggeration. Today, the United States is better understood as what John Nichols and I term a “Dollarocracy”—the rule of money rather than the rule of the people—a specifically U.S. form of plutocracy.  | more…

The Neoclassical Apology for Monopoly Capital

While the global economy is mired in ever-deepening crisis, there is no abatement in the propaganda rationalizing free markets and perfect competition. In the world of “perfect competition” governed by the “invisible hand” of market forces, no single actor (or even a combination of a few) is in a position to influence the market equilibrium, and prices are determined by the balance of demand and supply. This is a win-win world, where actors have sufficient information for arriving at their respective choices, consumers are free to make the correct decisions, and this self-governing system leads to progressively increasing welfare for all.… In this mythological world, there is also a hell, whose name is monopoly or oligopoly, the exact opposite of perfect competition, where a few sellers or producers distort the markets and generate inefficiency, monopoly profits, and compromise consumer choice.… The only difficulty with this mythology is that, while we are constantly told that the world is increasingly being governed by competition and market forces, the real world of business and industry is moving rapidly away from such free competition, as concentration, domination, and control of most economic activities has become common place.… It might be that perfectly competitive markets will provide answers for all of our ills, but in the real world, there is an absence of “free markets,” with market rigging and failure everywhere in the economy. | more…

Queer Liberation Means Prison Abolition

Joey L. Mogul, Andrea J. Ritchie, and Kay Whitlock, Queer (In)Justice: The Criminalization of LGBT People in the United States (Boston: Beacon Press, 2011), 240 pages, $27.95, hardcover.

In 1513, en route to Panama, Spanish conquistador Vasco Nunez de Balboa ordered forty Quaraca men to be ripped apart by his hunting dogs. Their offense? Being “dressed as women” and having sexual relations with each other. The homophobia and transphobia behind Balboa’s actions are far from arcane relics of the past, and violence against LGBTQ people continues to this day, both legally sanctioned and in the streets.… Queer (In)Justice examines the violence that LGBTQ people face regularly, from attacks on the street to institutionalized violence from police and prisons.… [The authors] center race, class, and gender/gender nonconformity in analyzing the myriad ways in which LGBTQ people have been policed, prosecuted, and punished from colonial times to the present day. | more…

Redwood Warriors Turn Tables on FBI

A Documentary Drama About a Bay Area Legend

Who would dream that two environmentalists-turned-redwood warriors could sue the FBI for framing them with the same COINTELPRO campaign that locked away Leonard Peltier and Geronimo Ji Jaga (Pratt) yet actually win? Mary Liz Thomson’s award-winning documentary Who Bombed Judi Bari? reveals the remarkable story of how this came to be. | more…

The Wall Street Bailout: An Insider’s View

Many readers of Monthly Review were undoubtedly both surprised and delighted by Neil Barofsky’s blistering essay in the New York Times written just after he left his position as the Special Inspector General in charge of oversight at TARP (Troubled Asset Relief Program).… Neil Barofsky was that truly rare government “bureaucrat,” a true believer in government by the people and for the people. Now he has written a book that should shock our nation. | more…

Implosion of the European System

Majority opinion in Europe holds that Europe has all it takes to become an economic and political power comparable to, and consequently independent of, the United States…. I believe that Europe suffers from three major handicaps that rule out such a comparison. First of all, the northern part of the American continent…is endowed with natural resources incomparably greater than the part of Europe to the west of Russia…. Secondly, Europe is made up of a good number of historically distinct nations whose diversity of political cultures…has sufficient weight to exclude recognition of a “European people”… In the third place…capitalist development in Europe was and remains uneven, whereas American capitalism has developed in a fairly uniform way throughout the northern American area, at least since the Civil War. Europe, to the west of historic Russia…is composed of three unequally developed sets of capitalist societies. | more…

The Crisis

A View from Occupied America

The theme of the 2012 Left Forum, “Occupy the System—Confronting Global Capitalism,” calls for a historical imagination informed by a realistic sense of where we are. To occupy the system is first to be aware of the system as a system—a system of unequal privilege and control. It requires that we occupy the narrative of public debate, which is something the Occupy movement, to a remarkable degree, has been able to achieve. Even President Obama, who so far has followed the economic policies of his Wall Street-friendly advisers, has used campaign rhetoric taken from Occupy Wall Street. But this time around voters are hardly convinced that the “Change” Obama promised last election will happen through the existing system. The breath of fresh air from Occupy and related activism challenges corporate power and capitalism. | more…

What it means

Marge Piercy is the author of eighteen poetry books, most recently The Hunger Moon: New & Selected Poems, 1980–2010 from Knopf. Her most recent novel is Sex Wars (Harper Perennial) and PM Press has republished Vida and Dance the Eagle to Sleep with new introductions. | more…

A Wisconsin Enigma

Mass Struggle, Then What?

Michael D. Yates, editor, Wisconsin Uprising: Labor Fights Back (New York: Monthly Review Press, 2012), 282 pages, $18.95, paperback.
John Nichols, Uprising: How Wisconsin Renewed the Politics of Protest, from Madison to Wall Street (New York: Nation Books), 117 pages, $18.50, paperback.

It is curious as well as enormously exciting to be surrounded by a mass movement, full of enthusiasm, energy, and eagerness to adopt labor slogans and labor songs, almost as if the 1930s and ’40s had come back. And it is all the more curious because the emergence of the movement seemed so spontaneous and unexpected, taking every Marxist (and any other) would-be savant by surprise, your reviewer most definitely included. Eighteen months and a major electoral defeat later, the “Wisconsin Uprising” goes on, with dampened spirits but a continuation of innovative extras. One small example is the “Overpass Light Brigade,” a group of urban guerillas who hold LED-lit slogans in various spots of the state, ridiculing Governor Scott Walker and his lackeys, until the cops arrive. But where is it going? | more…

Monthly Review Volume 64, Number 3 (July-August 2012)

July-August 2012 (Volume 64, Number 3)

As the economies of Europe, North America, and Japan continue to stagnate orthodox economics has revealed itself to be bankrupt, unable to explain what is happening much less what to do about it. It was not the failure to see the “Crisis of 2008” coming that represents the economics profession’s biggest failure, Paul Krugman declared in a recent talk, but what came after: “the profession’s descent into uninformed quarreling,” coupled with its reversion to Say’s Law (the notion that supply creates its own demand)—the disproof of which was the main achievement of the Keynesian revolution.… Yet… [no] prominent orthodox analyst, has sought to engage in a genuine overhaul of received economics on the level of what Keynes accomplished in the 1930s. Indeed, no such scientific revolution appears possible within mainstream economics today, which is characterized not by its realism but its irrealism—serving now an entirely ideological function. Here one is reminded of Paul Sweezy’s observation nearly fifty years ago: “Bourgeois economics, I fear, has irrevocably committed itself to what Marx called ‘the bad conscience and evil intent of apologetic.’ If I am right, Keynes may turn out to be its last great representative” | more…