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Migrant workers returning home in a train in Cochin, India.

Global Commodity Chains and the New Imperialism

To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today’s global monopolies in the center of the world economy have captured value generated by labor in the periphery within a process of unequal exchange, thus getting “more labour in exchange for less. The result has been to change the global structure of industrial production while maintaining and often intensifying the global structure of exploitation and value transfer. | more…

"Capitalism Isn't Working"

Capitalism Has Failed—What Next?

Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological “death spiral.” Many of the symptoms of the failure of capitalism are well-known. Nevertheless, they are often attributed not to capitalism as a system, but simply to neoliberalism, viewed as a particular paradigm of capitalist development that can be replaced by another, better one. A critical-historical analysis of neoliberalism is therefore crucial both to grounding our understanding of capitalism today and uncovering the reason why all alternatives to neoliberalism and its capitalist absolutism are closed within the system itself. | more…

A child ploughing the land with a water buffalo in Don Det, Si Pan Don, Laos

Marx and Alienated Speciesism

In many animal-rights circles, Karl Marx and a long tradition of Marxian theorists are to be faulted for their speciesist treatment of nonhuman animals and the human-nonhuman animal relationship. These criticisms typically neglect the larger historical conditions, intellectual influences, and debates out of which Marx’s treatment of the human-animal dialectic arose—even though this is crucial to any meaningful understanding of his thought in this area. In response, this article assesses the historical-intellectual background behind Marx’s arguments on humans and animals, placing it in the context of the influence exercised on his thought by Epicurus, Hermann Samuel Reimarus, Ludwig Feuerbach, Charles Darwin, and others. In the process, they explain how Marx’s view of animals in the world came to be integrated with his theory of metabolic rift and his critique of capitalism. | more…

Capitalism is eating the planet

Value Isn’t Everything

The rapid advances in Marxian ecology in the last two decades have given rise to extensive debates within the left, reflecting competing conceptions of theory and practice in an age of planetary ecological and social crisis. One key area of dispute is the attempt by a growing number of radical environmental thinkers to deconstruct the labor theory of value in order to bring everything in existence within a single commodity logic. For many in Green circles, Karl Marx and a long tradition of Marxian theorists are to be faulted for not directly incorporating the expenditure of physical work/energy by extra-human nature into the theory of value. In response, this article argues that any form of analysis that seeks to eliminate the deep-seated dialectical contradictions between the natural form and the value form, as well as between the capitalist economy and the larger socioecological metabolism, fails to comprehend the complex, interdependent dialectics of nature and humanity. | more…

Seeding clouds over the ocean

Making War on the Planet

Geoengineering and Capitalism's Creative Destruction of the Earth

The dangers posed by climate change have inspired a desperate search for technological fixes in the form of geoengineering—massive human interventions to manipulate the entire climate or planet. But as long as the dominant strategy for addressing global warming remains subordinated to the ends of capital accumulation, any attempt to implement such schemes will prove fatal to humanity. | more…

A 19th-century illustration depicts a scene off the coast of Peru, where bird poop, or guano, was harvested

The Robbery of Nature

Capitalism and the Metabolic Rift

Marx’s notion of “the robbery of the soil” is intrinsically connected to the rift in the metabolism between human beings and the earth. To get at the complexities of his metabolic rift theory, it is useful to look separately at the issues of the robbery and the rift, seen as separate moments in a single development. | more…

A spectre haunts capitalism

Marx’s Open-Ended Critique

Against attempts to characterize Marx as a dogmatic and deterministic thinker, it is precisely the open-endedness of his criticism that accounts for historical materialism’s staying power. This openness has allowed Marxism to continually reinvent itself, expanding its empirical and theoretical content and embracing ever larger aspects of historical reality. | more…