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June 1997 (Volume 49, Number 2)

Notes from the Editors

It is encouraging to find that in the face of constantly changing trends within academia, there was such a strong turnout for the 1997 Socialist Scholars Conference—on a rainy Easter weekend (March 28-30) over 1,700 people came out in full force. There was a feeling of excitement in the halls and class rooms of the Borough of Manhattan Community College that may just signify both a return to Marxist politics and a revitalization of the U.S. labor movement. The opening plenary speeches were full of hope and enthusiasm: from Daniel Singer who pointed out that “the ideological swing to the right has probably come to an end…cracks are beginning to appear in the ruling ideology and popular resistance is growing” to Bob Wages, president of the Oil, Chemical, and Atomic Workers Union, who emphasized the importance of class politics that challenges, rather than accepts the Democratic party. | more…

May 1997 (Volume 49, Number 1)

May 1997 (Volume 49, Number 1)

Notes from the Editors

In this space in last summer’s double issue of MR, we directed attention to the work of a worldwatch Institute in Washington, D.C., especially its annual State of the World, the first issue of which was published in 1984. The latest (1997) of these reports came out in February. By now this series is being translated into all the world’s major languages and constitutes what is probably the most comprehensive and available source of information on the global environment. | more…

November 1996 (Volume 48, Number 6)

The September 30th issue of the New Yorker carried profiles of two long-time contributors to Monthly Review—lyricist E. Y. Harburg and lawyer Michael Tigar—evoking considerable pride among MR staffers. “Yip” Harburg, who died in 1986, wrote more than one hundred songs including “Over The Rainbow,” and “Brother, Can You Spare a Dime.” Writer John Lahr notes that throughout his long career on Broadway and in Hollywood all of his work evinced powerful social concerns and themes of freedom. Yip, of course, was a socialist of the MR variety. He valued the analysis and insight of this publication, as the verse printed on page 63. | more…

The Financial Explosion

Credit where credit is due. For a long time now we have been harping in this space on the theme of a monetary system out of control; of the wild proliferation of new financial institutions, instruments, and markets; of the unchecked spread of a speculative fever certainly more pervasive and perhaps even more virulent than any recorded in the long history of capitalism’s get-rich-quick obsessions. With few exceptions, accredited economists, as is their wont, have ignored these bizarre goings-on: they are not part of the way the economy is supposed to operate and are hence unworthy of “scientific” attention.  | more…

The Struggle to Save Social Security

Jacob Morris has effectively exposed the attack on Social Security for what it is, and he has done this within the framework of the existing system. The underlying assumption is that Social Security must be paid for out of an accounting reserve supported by payroll taxes. Based on this premise, generally accepted by liberals and conservatives alike, the financial integrity of the reserve is taken as equivalent to the integrity of Social Security itself. But the real questions are different. Why use an accounting reserve and why apply the test of financial integrity? No such tests are applied to any other part of the federal budget, surely not to the enormous armaments expenditures. Basically, what is at issue here is not a financial but a social problem. | more…