March 1, 2005
The twentieth century's dominant myth was that of a "rational capitalism." The two economists who did the most to promote this idea were John Maynard Keynes and Joseph Schumpeter. Both were responding to the great historical crisis of capitalism manifested in the First World War, the Great Depression, and the Second World War. In the wake of the greatest set of horrors the world had ever seen, accompanied also by the rise of an alternative, contending system in the Soviet Union, it was necessary for capitalism following the Second World War to reestablish itself ideologically as well as materially. In terms of the ideological requirement, the two economists who accomplished this most effectively were Keynes and Schumpeter—not simply because they epitomized the best in bourgeois economic ideology, but also because they were the leading representatives of bourgeois economic science. What they set out in their analyses were the requirements of a rational capitalism and at least the hope that these requirements would be achieved
March 1, 2005
The discovery by a team of Indonesian and Australian researchers of the remains of a previously unknown species of hominid, Homo floresiensis, on the Indonesian island of Flores was characterized by some scholars as the greatest discovery in anthropology in a half-century and was selected by Science magazine as the leading runner-up for the 2004 "breakthrough of the year" (first place went to the discoveries of the Mars Exploration Rovers that indicate Mars was once wetter than it is today and potentially capable of supporting life). The discoverers of the new species note that it was a particularly small hominid, with an adult stature of approximately one meter and an endocranial volume of about 380 cm3, less than one-third that of the typical modern human and even small relative to its body size. They argue that it is most likely a descendant of Homo erectus that evolved in long-term isolation, with subsequent endemic dwarfing. Another interesting aspect of the find is that Homo floresiensis apparently lived until at least 18,000 years ago and was, therefore, a contemporary of anatomically modern humans. Many scholars where shocked by both the small stature of and late date attributed to the new hominid, with some moved to question whether the remains were not merely those of a deformed modern human, a suggestion that its discoverers reject as unsupported by the evidence
March 1, 2005
My wife Karen and I were on the road, traveling around the United States, for 150 days. We left Portland, Oregon on April 30, 2004, and over the next five months, we drove about 9,000 miles, through sixteen states. We visited thirteen national parks, seven national monuments, and towns large and small. We walked on streets and hiked on trails; we talked to people; we read local newspapers and watched local television stations; we shopped in local markets; and we observed as much as we could the economics, politics, and ecology in the places we stayed. What follows are some of my impressions
March 1, 2005
Ever since the major reversals of socialism in the twentieth century, first in the Soviet Union and then in China, leftists internationally have been faced with a serious question: After the initial victory of the people's revolutionary forces, what can be done to keep on the "socialist road"? What measures can be taken to restrict the class differences inherited from the old society, fend off imperialist hostility and intervention, and prevent a new capitalist class from developing within socialist society itself?
March 1, 2005
Yvonne Kapp, Time Will Tell: Memoirs (New York: Verso, 2003), 296 pages, cloth $25.00.
Yvonne Kapp is best known for her biography of Eleanor Marx (1855–1898). Published in two volumes in 1972 and 1976, it rescued the youngest daughter of Karl Marx from the obscure corner she occupied in biographies of her famous father and restored her to a position of prominence among the major players in the development of late nineteenth-century British socialism. In bringing her subject to life, Kapp manages at the same time to provide a panoramic view of the rise of the progressive movement, in all its variety and complexity. Upon its release, Eric Hobsbawm praised the work as "one of the few unquestionable masterpieces of twentieth century biography." Verso has now reissued the books in one volume and has published this memoir of its author for the first time
