At the end of October John Bellamy Foster and Martin Hart-Landsberg (coauthor with Paul Burkett of China and Socialismand author of Korea: Division, Reunification and U.S. Foreign Policy—both published by Monthly Review Press) traveled to Mexico City to participate as representatives of Monthly Review in the Fifth Colloquium of Latin American Political Economists. John spoke on “Imperial Capital: The U.S. Empire and Accumulation.” Martin presented a paper (cowritten with Paul Burkett) on “China and the Dynamics of Transnational Capital Accumulation.” Among the conference participants who met with John and Martin in a special meeting for Monthly Review were Guillermo Gigliani of Economistas de Izquierda (EDI) in Argentina (see “Argentina: Program for a Popular Economic Recovery” in the September 2004 issue of MR), Alejandro Valle of Mexico, the chief organizer of the Fifth Colloquium, and Leda Maria Paulani, President of the Sociedade Brasileira de Economia Política (SEP). Our hope is that this important meeting will lead to the establishment of a strong connection between MR and Latin American political economists confronting neoliberalism. The final outcome of the Fifth Colloquium was itself a landmark event: the founding of the long-planned Sociedad Latinoamerica de Economía Política y Pensamiento Crítico (Latin American Society of Political Economy and Critical Thought). The new organization will not be simply (or mainly) an academic and professional organization but will be actively dedicated to opposing neoliberalism and to supporting political and social movements for radical change in Latin America. We salute our Latin American political-economic comrades in this important struggle | more…
Speaking in New York to the United Nations in September Venezuelan President Hugo Chávez delivered a fiery speech sharply critical of U.S. imperialism and what he called a “frightening neoliberal globalization.” Chávez denounced the blatant manipulation of the United Nations to support U.S. geopolitical ambitions and military aggression. He condemned the U.S. government for allowing Christian evangelist Pat Robertson and others to call openly for his assassination in violation of international law | more…
The much-anticipated split in the AFL-CIO, the labor federation in the United States, took place in Chicago, at the federation’s annual convention. Three unions—the Service Employees International Union (SEIU), the Teamsters, and the United Food and Commercial Workers Union (UFCW)—left the federation, and more will likely follow. The dissident unions call themselves the Change to Win Coalition, and they have suggested that what they have done parallels the formation of the CIO in 1935, which resulted in the organization of the nation’s mass production industries. They will be holding their inaugural convention in late September | more…
More than a year after the supposed “transfer of sovereignty” the war of aggression that the United States is waging in Iraq shows no sign of abating. Washington’s plan is to continue to occupy Iraq by force until it is brought securely within the American Empire. After that U.S. troop presence in the major urban centers can be sharply reduced and its remaining forces relocated to a few strategic military bases, with the new Iraqi government security forces stepping in to replace American troops in most parts of the country | more…
Even regular readers of Monthly Review may be unaware that the magazine appears in Spanish, Greek, and Indian editions. Moreover, a Turkish edition is currently in the works. Analytical Monthly Review (“AMR”), published from Kharagpur in West Bengal, reproduces monthly all (or nearly all) the contents of MR in English, together with editorial comment on matters of current interest in India. It is in its tenth year of publication. Supported by longtime friends of Monthly Review from all over India, it is available at a small fraction of the cost of the edition printed in the United States. From the early ’70s to the late ’80s editions of Monthly Review appeared in Spanish, Italian, and Greek (the Greek edition was founded by Andreas Papandreou before he became prime minister of Greece). A small but cheering sign of ebbing global counter-revolution is the reappearance in the last two years of Spanish and Greek editions. The Spanish edition of MR—Monthly Review: Selecciones en castellano—published in Barcelona, appears twice a year with translations of selected articles. The Greek language Monthly Review translates several MR articles each month and also presents a range of political commentary of particular interest in Greece. In addition, they have released two books in their book-publishing arm, Monthly Review Imprint, one consisting mainly of Papandreou’s writings in MR and another on Is Iraq Another Vietnam?—also drawing on the magazine. The very first Turkish language edition of Monthly Review is scheduled to appear by the end of this year | more…
Andre Gunder Frank, one of the leading radical social scientists of the late twentieth century and a long-time friend and contributor to Monthly Review and Monthly Review Press, died on April 23, 2005, at age seventy-six | more…
With the failure of its three previous attempts since 2002 to topple the Bolivarian Revolution of President Hugo Chávez in Venezuela, Washington has recently announced a new “containment” strategy for crippling the democratically elected and socialist-oriented government of Latin America’s leading oil power | more…
Annette Rubinstein’s ninety-fifth birthday will be celebrated on Saturday April 9 from 3 to 6 p.m. at the new home of the Brecht Forum/New York Marxist School, at Westbeth, 451 West Street, at the corner of Bank Street, in Manhattan. We are pleased to join Annette’s family, friends, and comrades in also marking her thirty years of teaching at the Brecht Forum and eighty-five years of conscious socialist practice. Our friends at the Brecht promise refreshments, good music, an interesting program, and lots of fun and joy. For additional information call 212-242-4201 or go to www.brechtforum.org. Annette has asked that instead of gifts contributions be made to The Brecht Forum, Inc | more…
David Wyss, chief economist for Standard & Poor’s, recently opened an article, “Good, Gloomy or Grim in 2005?,” with the words: “Growth tops the wish list [for the U.S. economy], but even recession wouldn’t be all that bad, given that recovery always follows. The big fear? Stagnation” (Business Week Online, January 10, 2005) | more…
In the face of continuing right-wing attacks on Social Security since the Reagan era in the 1980s, MR has responded repeatedly by pointing to the phony nature of the Social Security crisis. Two articles of note are Jacob Morris, “Social Security: The Phony Crisis” in the February 1983 issue of MR and “Social Security, the Stock Market, and the Elections” in the October 2000 issue. Those wanting a thorough historical understanding of this struggle are encouraged to look back at these articles. Given the nature of the right-wing onslaught, which all along has pretended that the Social Security trust fund was threatened with “bankruptcy,” MR’s chief thrust has been to dispel such misconceptions. Our primary purpose has been to counter what has been one of the major propaganda campaigns of our time. If Social Security is in peril of “collapse” it is only because of current plans to privatize it. However, there is a great danger in this controversy of getting drawn into endless debates on the financing of the Social Security system in the United States, while losing sight of the more fundamental issues | more…
The battle over the future of Social Security, the site of continual skirmishes since the Reagan era, is now being waged in earnest (for a history of this struggle see The Editors, “Social Security, the Stock Market, and the Elections,” Monthly Review, October 2000; see also, “Social Seceurity: The Phony Crisis” by Jacob Morris). President Bush began his second term by declaring that partial privatization of Social Security through the creation of personal investment accounts was at the top of the domestic agenda of his administration. This would require an estimated $2 trillion in additional borrowing over the next ten years, and even more after that (New York Times, January 3, 2005), to be coupled with drastic cuts in future Social Security benefits. The White House is counting on the Republican majority in both houses of Congress, the backing of Wall Street, and years of unrelenting ideological warfare against Social Security as the bases on which to effect this change | more…
An essential aspect of any modern democratic society is a communications system that enables rather than disables public debate. Yet the mass media in the advanced capitalist societies are highly concentrated, controlled by a few owners (on the extent of this control in the United States and its implications see Robert W. McChesney, The Problem of the Media [Monthly Review Press, 2004]). Further, the United States has witnessed the emergence of what is undoubtedly the most sophisticated propaganda system ever developed, making it possible for control of the media to translate into the power to sway large parts of the society. An understanding of this problem is crucial if one is to grasp the changes occurring in U.S. society today: from war to privatization to the suppression of human rights | more…
The United States is facing the prospect of a major defeat in Iraq that is likely to constitute a serious setback in the ongoing campaign to expand the American empire. Behind the pervasive war propaganda as evidenced in the “victorious” attack on Fallujah lies the reality of a U.S. war machine that is fighting a futile battle against growing guerrilla forces, with little chance for a stable political solution to the conflict that could possibly meet U.S. imperial objectives. Nevertheless, the U.S. ruling class, though not unaware of the dangers, is currently convinced that it has no choice but to “stay the course”-a slogan adopted by both political parties and accepted by virtually the entire economic, political, military, and communications establishment. The reason for this seemingly irrational determination to stick it out at all costs can only be understood through an analysis of the logic and limits of capitalist empire | more…