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Anti-imperialism mural in Caracas, Venezuela

Late Imperialism

Fifty Years After Harry Magdoff's The Age of Imperialism

The globalization of production (and finance)—which emerged along with neoliberalism out of the economic stagnation of the mid–1970s and then accelerated with the demise of Soviet-type societies and China’s reintegration into the capitalist world system—has generated a more generalized monopoly capitalism, ushering in what can be called late imperialism. Late imperialism refers to the present period of monopoly-finance capital and stagnation, declining U.S. hegemony and rising world conflict, accompanied by growing threats to the ecological bases of civilization and life itself. It stands at its core for the extreme, hierarchical relations governing the capitalist world economy in the twenty-first century, which is increasingly dominated by mega-multinational corporations and a handful of states at the center of the world system. Just as it is now common to refer to late capitalism in recognition of the end times brought on by simultaneous economic and ecological dislocations, so it is necessary today to speak of late imperialism, reflecting the global dimensions and contradictions of that system, cutting across all other divisions, and posing a “global rift” in human historical development: an epochal crisis posing the question of “ruin or revolution.” | more…

Planet on Fire

Imperialism in the Anthropocene

Today there can be no doubt about the main force behind our ongoing planetary emergency: the exponential growth of the capitalist world economy, particularly in the decades since the mid–twentieth century. The mere critique of capitalism as an abstract economic system, however, is insufficient in addressing today’s environmental problems. Rather, it is necessary also to examine the structure of accumulation on a world scale, coupled with the division of the world into competing nation-states. Our planetary problems cannot realistically be addressed without tackling the imperialist world system, or globalized capitalism, organized on the basis of classes and nation-states, and divided into center and periphery. Today, this necessarily raises the question of imperialism in the Anthropocene. | more…

The Return of Nature: Socialism and Ecology

Forthcoming in January 2020

Twenty years ago, John Bellamy Foster’s Marx’s Ecology: Materialism and Nature introduced a new understanding of Karl Marx’s revolutionary ecological materialism. More than simply a study of Marx, it commenced an intellectual and social history, encompassing thinkers from Epicurus to Darwin, who developed materialist and ecological ideas. Now, with The Return of Nature: Socialism and Ecology, Foster continues this narrative. In so doing, he uncovers a long history of efforts to unite issues of social justice and environmental sustainability that will help us comprehend and counter today’s unprecedented planetary emergencies. | more…

The Robbery of Nature: Capitalism and the Ecological Rift

Forthcoming in February 2020

In the nineteenth century, Karl Marx, inspired by the German chemist Justus von Liebig, argued that capitalism’s relation to its natural environment was that of a robbery system, leading to an irreparable rift in the metabolism between humanity and nature. In the twenty-first century, these classical insights into capitalism’s degradation of the earth have become the basis of extraordinary advances in critical theory and practice associated with contemporary ecosocialism. In The Robbery of Nature, John Bellamy Foster and Brett Clark, working within this historical tradition, examine capitalism’s plundering of nature via commodity production, and how it has led to the current anthropogenic rift in the Earth System. | more…

The Octopus by Nicci Yin

Absolute Capitalism

Although neoliberalism is widely recognized as the central political-ideological project of twenty-first-century capitalism, it is a term that is seldom uttered by those in power. Behind this particular ruse lies a deeply disturbing, even hellish, reality. Neoliberalism can be defined as an integrated ruling-class political-ideological project, associated with the rise of monopoly-finance capital, the principal strategic aim of which is to embed the state in capitalist market relations. Hence, the state’s traditional role in safeguarding social reproduction—if largely on capitalist-class terms—is now reduced solely to one of promoting capitalist reproduction. The goal is nothing less than the creation of an absolute capitalism. All of this serves to heighten the extreme human and ecological destructiveness that characterizes our time. | more…

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 must die! A basic introduction to capitalism: what it is, why it sucks, and how to crush it" by Stephanie McMillan

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…