Articles

Monopoly Capital at the Turn of the Millenium

by John Bellamy Foster

April 1, 2000

Economic analysts, as everyone knows, have widely differing views on the way the economy works. The single most important division lies between right and left—a division that has its roots in class. But even among those on the left there are areas of sharp disagreement. One of these is over the centrality of the Keynesian revolution to the development of economics. Did the revolution in economic thought, associated with thinkers such as Keynes and Kalecki, teach things that Marxist political economists should view as essential? Another disagreement is over the role of monopoly and competition. How central is the concentration and centralization of capital to our understanding of the workings of capitalism today—a full century after Marxists and other radicals first raised the question of monopoly capitalism? Whatever one's abstract theory is—and all theories by definition rely on a degree of abstraction—its usefulness lies in its capacity to make sense of everyday reality, while providing the strategic analysis necessary for practical revolutionary solutions.

Cars and Cities

by Paul M. Sweezy

April 1, 2000

In Marxist theory the treatment of technology has generally referred to production, the means of production, the character of the labor process, and related matters. This follows the example set by Marx himself in his justly famous chapter on machinery and modern industry in Volume 1 of Capital which occurs in the part devoted to the production of relative surplus value. Neither there nor anywhere else in Capitalis there any discussion or analysis of the impact of technology on consumption and via consumption on processes of capital accumulation and social development

Sweezy v. New Hampshire: The Radicalism of Principle

by John J. Simon

April 1, 2000

Before the founding of Monthly Review, Paul Sweezy had been an instructor at Harvard and the author of germinal works on the American economy. But his teaching and writing were always accompanied by vigorous engagement with the political movements of the time: he helped organize the Harvard Teachers’ Union, taught economics at the leftist Samuel Adams School in Boston, and, in 1948, took a leading role in Henry Wallace's presidential run on the pro-New Deal and anti-Cold War Progressive Party ticket in his home state of New Hampshire. As he often did, Sweezy combined his support of the Wallace third party challenge with his ongoing advocacy of socialism

Notes from the Editors, March 2000

by The Editors

March 1, 2000

What do Helmut Kohl and Elián Gonzáles have in common? What could possibly unite the destinies of the huge former Chancellor of Germany, who for so many years dominated European politics and played the part of senior statesman on the global stage, and the little boy whose only political role so far has been as pawn in the hands of fading right-wing Cuban fanatics in Miami?

After Seattle: Understanding the Politics of Globalization

by William K. Tabb

March 1, 2000

The "Seattle Shock"-as Business Week called it in an editorial that warned of a popular backlash against "our very economic system"-reflects heartfelt indignation by the financial press at the intrusion of mass democracy into an elite discourse. In the New York Times, columnist Thomas Friedman raged at anti-World Trade Organization (WTO) protesters, whom he presents as "flat-earth advocates" duped by knaves like Pat Buchanan. Friedman, perhaps the most obtuse of the big-time columnists, complains that "What's crazy is that the protesters want the W.T.O. to become precisely what they accuse it of already being-a global government

The Third Way: Myth and Reality

by James Petras

March 1, 2000

What is the Third Way? Both historically and in the contemporary world, there are numerous examples of political leaders and movements that declare their allegiance to a Third Way—defining alternatives in opposition to what they perceive to be dominant paradigms. In the contemporary world, the best known exponent of the Third Way is British Prime Minister Tony Blair, though a number of other political leaders in Europe and elsewhere have expressed sympathy or support for the rhetoric or substance of Blair's version of the Third Way

Rekindling Socialist Imagination: Utopian Vision and Working-Class Capacities

by Leo Panitchand Sam Gindin

March 1, 2000

“A continental welfare state, modeled on the comparatively successfulsocial democracy of the United States. That's the ticket. Do it the American way.” This recipe for what path Europe should follow isn't the Economist calling for a new realism, or the voice of American imperialism talking through the Wall Street Journal, or even a stolen quote from a member of Tony Blair's cabinet caught in private conversation. It's the concluding lines of an article on an alternative for Europe published in the New Left Review, once the home and hope for a rejuvenation of creative Marxism

Restoring Memory

by Ali Shehzad Zaidi

March 1, 2000

Eileen Welsome, The Plutonium Files (New York: Dial Press, 1999), 564 pp., $26.95.

It is fitting that the “Atomic Century” draw to a close with the publication of The Plutonium Files. A decade in the making, Eileen Welsome's book explores the secret human radiation experiments that grew out of the U. S. atom bomb program. Carried out under the auspices of the Atomic Energy Commission (AEC), the Department of Energy's predecessor, the experiments were designed to help determine atom bomb plant safety standards and to replicate nuclear battlefield conditions. As a result, thousands of hospital patients and servicemen were unknowingly exposed to dangerous levels of radiation

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