March 1, 2021
In 1990, when renowned Indian Marxian economist Prabhat Patnaik asked "Whatever Happened to Imperialism?," once vibrant and influential schools of theories on imperialism were at a postwar historic low. When he left the West to return to India in 1974, imperialism was at the center of all Marxist discussions. But when he came back to the West merely fifteen years later, imperialism already seemed out of fashion. The retreat from the question of imperialism has marked a return of what we can call Second International politics.
September 1, 2020
Any serious treatment of the renewal of socialism today must begin with capitalism’s creative destruction of the bases of all social existence. Since the late 1980s, the world has been engulfed in an epoch of catastrophe capitalism, manifested today in the convergence of (1) the planetary ecological crisis, (2) the global epidemiological crisis, and (3) the unending world economic crisis. Added to this are the main features of today’s “empire of chaos,” including the extreme system of imperialist exploitation unleashed by global commodity chains; the demise of the relatively stable liberal-democratic state with the rise of neoliberalism and neofascism; and the emergence of a new age of global hegemonic instability accompanied by increased dangers of unlimited war.
June 1, 2020
Since the late twentieth century, capitalist globalization has increasingly adopted the form of interlinked commodity chains controlled by multinational corporations, connecting various production zones, primarily in the Global South, with the apex of world consumption, finance, and accumulation primarily in the Global North. COVID-19 has accentuated as never before the interlinked ecological, epidemiological, and economic vulnerabilities imposed by capitalism.
May 1, 2020
COVID-19, the illness caused by coronavirus SARS-CoV-2, the second severe acute respiratory syndrome virus since 2002, is now officially a pandemic. As of late March, whole cities are sheltered in place and, one by one, hospitals are lighting up in medical gridlock brought about by surges in patients.
April 1, 2020
Karl Marx's (and Frederick Engels's) analysis of nineteenth-century Irish history revealed what is referred to as "the rift of Éire" in the colonial period. Indeed, it is in relation to the analysis of the systematic disruption of the Irish environment that Marx's ecological inquiries can be seen as taking on a concrete and developed form, encompassing the ecological as well as economic robbery that characterized the Irish colonial regime.
March 1, 2020
Since the Great Financial Crisis of 2007–09, Hyman Minsky (1919–96) has been widely recognized as one of the late twentieth century's most insightful economic theorists. Nevertheless, if Minsky had still been alive at the time of the Great Financial Crisis, there would have been little likelihood that his new-found reputation would have resulted in his receiving the Nobel Prize in Economics given his heterodox and socialist economic views.
February 1, 2020
The "turn toward the indigenous" in social theory in the last couple of decades, associated with the critique of white settler colonialism, has reintroduced themes long present in Marxian theory, but in ways that are often surprisingly divorced from Karl Marx's critique of capitalism, colonialism, and imperialism.
January 1, 2020
There is an unresolved tension at the heart of Marxist explanations for women's oppression under capitalism. Although there is general agreement that the bourgeois family, as the dominant kinship unit, has something to do with generating and reproducing that oppression, the exact role of the family varies among Marxists. In this respect, Margaret Benston's proposal to situate domestic labor within capitalist production was truly pioneering. Rather than record and describe domestic work, Benston theorized this labor and laid the basis for later feminists to apprehend the production of commodities and the reproduction of labor power within a unitary framework.
December 1, 2019
Historical capitalism cannot be understood aside from its existence as a colonial/imperialist world system in which the violent exercise of power is an ever-present reality. In order to uncover the material conditions governing concrete capitalism, including its interface with land, nonwage labor, and corporeal life, it is therefore necessary to go beyond the inner reality of exploitation, and address expropriation, or the process of appropriation without equivalent (or without reciprocity) through which capital has sought to determine its wider parameters.
November 1, 2019
We are seeing today what appear to be the beginnings of an ecological revolution, a new historical moment unlike any humanity has experienced. Not only is the planet burning, but a revolutionary climate movement is rising up and is now on fire in response.
