April 2025 (Volume 76, Number 11)
This month, MR editors take on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, a pale imitation of the five authentic Nobel Prizes that is aimed at reinforcing the ideology of neoclassical economics and awarded to mainstream liberal economists who defend the institutions of capitalism. In line with this tradition, the editors note, the most recent winners are keen apologists for settler colonialism and Zionism. | more…
The U.S. Ruling Class and the Trump Regime
John Bellamy Foster revisits and critiques the contention that the U.S. capitalist class is not a “governing” class, or indeed a class-conscious bloc in any sense. However, he writes, the fact that the ruling-class oligarchy is now openly wielding power on the national and international stages as part of the Trump regime shows that the overwhelming political influence of the capitalist class is no longer in dispute as this alignment pushes the country deeper into neofascism. | more…
The Dialectics of Ecology and Ecological Civilization
What is ecological civilization? In this article, Chen Yiwen presents a dialectical analysis that illuminates the theoretical and practical elements of ecological civilization, particularly as it develops in the context of China. In China, he notes, significant progress has been made, but there remain outstanding questions that must be resolved during the transition to an ecologically harmonious society that promotes global equality and human flourishing. | more…
Lao Socialism with Buddhist Characteristics
Yumeng Liu takes a deep dive into the history of Laos, the only socialist nation among the Theravāda Buddhist countries of Southeast Asia, examining how the country has developed its own particular approach to socialism, influenced by both local Buddhist beliefs and Marxist ideology. Liu also explores the historical and present-day tensions inherent in this uniquely Lao approach to socialist development. | more…
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The Danger of Fascism in the United States: A View from the 1950s
“The Big Business-military coalition in the United States,” Paul A. Baran wrote in this prescient reprise from 1952, “assumes all of the functions of a fascist regime…. And it develops rapidly into its own American variety of government under capitalism in an age of imperialism, wars, and national and social revolutions. It becomes fully adapted to its sinister historical mission—to be the instrument of ruthless class struggle on the national and international planes.” | more…
March 2025 (Volume 76, Number 10)
The editors analyze recent shift in mainstream discourse away from the goal of energy transition toward capitalist friendly policies that allow corporations to receive large subsidies for inadequate “solutions.” Despite the scientific consensus that these are insufficient to tackle the planetary crisis, capital and its advocates continue to promote the abandonment of the energy transition in the effort to maintain U.S. imperial dominance and feed its hunger for fossil fuels. | more…
Western Marxism and Imperialism: A Dialogue
John Bellamy Foster and Gabriel Rockhill assess the history and influence of Western Marxism, defined not geographically, but by a rejection of the Marxism developed in the Soviet Union, in the Global South, and even in classical Marxism. This strain of Marxist thought, birthed in the imperial core, represents a concession to the dominance of U.S. ideology, rather than to correct the pressing issues confronting society today. | more…
The Necessity of a Universal Project
In this excerpt from Ellen Meiksins Wood’s In Defense of History, Wood appraises the state of postmodern thought in the late twentieth century. “Today’s postmodernism,” Wood writes, “for all of its apparently defeatist pessimism, is still rooted in the ‘Golden Age of Capitalism.’ It’s time to leave that legacy behind and face today’s realities.” | more…
Arghiri Emmanuel and Unequal Exchange: Past, Present, and Future Relevance
Torkil Lauesen delves into the legacy of celebrated Arghiri Emmanuel, whose theory of unequal exchange resonates well into the twenty-first century. Introduced in 1962, Emmanuel’s critique of Ricardian and neoliberal capitalism further illuminated the Marxist concept value as it relates to global exchange and the ongoing exploitation of the Global South by the Global North. | more…
Labor Informality and Unemployment in Brazil: Insights from the Perspective of the Relative Surplus Population
Using data from Brazil’s Integrated System of Household Surveys, Renata Falavina and Gabriel Ulbricht employ Marxist categories in order to illuminate the concept of the reserve army of labor in the context of underemployment and informal labor in modern-day Brazil. This view, the authors write, shows that the dichotomy of full employment and unemployment fails to capture the complexity of unstable labor dynamics in a world of informal and precarious work. | more…
No horn blowing for me
A new poem by Marge Piercy. | more…
Ballade of the Poverties
A classic poem by Adrienne Rich, reprinted. | more…
February 2025 (Volume 76, Number 9)
The editors recall the life and accomplishments of Amiya Kumar Bagchi, a leading light among contemporary Marxist political economists. Bagchi’s insights challenged prevailing Eurocentric ideas about economic history while providing a path forward through a collective, united, anti-imperialist resistance. | more…