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The Contagion of Capital

Financialized Capitalism, COVID-19, and the Great Divide

Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. | more…

Para-demolition bombs being dropped on supply warehouses and dock facilities at a port in Wonsan, North Korea by the Fifth Air Force's B-26 Invader light bombers (ca. 1951)

The Continuing Korean War in the Murderous History of Bombing

The Korean War, which broke out on June 25, 1950, can be considered the epicenter of bombing as an instrument of war. For one, it was the first—and, so far, the last—time since 1945 that the United States seriously considered using atomic weapons during the course of an imperial war. It was the first war that the United States did not win. It ended in a stalemate—an armistice—that continues until today. Kinetic fighting was suspended, but the war continues (though only by one side) by what is conveniently but simplistically called sanctions. | more…

Disability rights activist outside Scottish Parliament, 30 March 2013

Disability and Welfare under Monopoly Capitalism

A historical-materialist analysis of the relationship between disability, the body, welfare, and capitalism is needed in order to further develop a Marxist understanding of disability. In this framework, we can see how the British welfare state, given recent changes to British disability policy, determines who is able-bodied and who is disabled, with this evaluation made in regard to the needs of monopoly capitalism. | more…

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New this week!
Immigrant Labor and the New Precariat

Fighting the “Immigrant Threat” Narrative

Ruth Milkman’s latest book is a strong scholarly response to the “immigrant threat” narrative that has been central to U.S. politics in the last decades. In Immigrant Labor and the New Precariat, the distinguished labor and migration scholar has a clear goal: to reframe the conversation about migration and increased inequality in the United States, reversing the causal relation that blames migration for the U.S. working class’s current perils. | more…

Standing with Standing Rock Voices from the NoDAPL Movement

Standing with Standing Rock, Then and Now

This article will be released in full online January 25, 2020.

The story of the Indigenous movement to stop the Dakota Access Pipeline in 2016 and 2017 has been the subject of numerous articles and documentaries, many of which depict it mainly as an environmental and climate justice campaign to stop the pipeline from crossing the Mni Sose (Missouri River), just north of the Standing Rock Sioux Reservation in North Dakota. Nick Estes and Jaskiran Dhillon’s edited collection Standing with Standing Rock tells a richer and more complex story of decolonization and indigenization from the frontlines. | more…

People line up to vote in the European elections at the Central Station in Amsterdam, Netherlands May 23, 2019

The Elephant in the Room

Left Parties and the European Union

European left parties have, over the last couple of decades, become increasingly critical of political developments in the European Union, particularly as a response to the austerity policies that followed the financial crisis of 2007–08 and the subsequent euro crisis. These were accompanied by high and sustained unemployment and promises of a social pillar that never materialized. Nevertheless, even if criticism of the European Union has sharpened, this has not been well reflected in the political strategies of the left. | more…

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