With the rapidly worsening capitalist demolition of the planetary environment and the expansion of ecosocialist movements in response, leading establishment think tanks, like the corporate-supported Breakthrough Institute, dedicated to promoting the ideology of “green capitalism” at any cost, have found themselves in a difficult place. | more…
There is an urgent need to transcend the deep chasm in historical materialism, extending back to the 1920s, between the Western Marxist philosophical tradition and the Marxism of the Second and Third Internationals. This division has been closely associated with so-called Western MarxismÕs rejection of the dialectics of nature. | more…
What was most significant about the published Part I of the report was that it revealed that even in the most optimistic projection of the Shared Socioeconomic Pathways—in which carbon emissions globally peak in the next four years, a 1.5°C increase in global average temperature over preindustrial levels would be avoided until 2040, and the goal of net zero carbon emissions would be reached by 2050—the consequences for global humanity would nonetheless be catastrophic by the measure of all historical precedents. | more…
In 2004, Washington launched a whole new strategy of financial war, based on the role of the U.S. dollar as the hegemonic foreign-exchange currency, to cut off the economic circulation of targeted states. The United States has created, as part of its “rules-based international order,” a coercive global framework extending U.S. financial jurisdiction to every country, economic entity, and person engaged at any point in U.S. dollar transactions anywhere in the world. | more…
This special issue of Monthly Review is devoted to the New Cold War on China. What has been the view of the Chinese Revolution presented in Monthly Review in the past seven decades? How has it changed over time? As Paul A. Baran observed: “Marx and in particular Lenin being master-tacticians shifted horses and arguments as conditions changed (rightly so, to be sure!)” The question then becomes not the changing views themselves, but how these shifts in perspective reflect changing historical circumstances. | more…
Where capitalism itself is concerned, the dominant view is that the COVID-19 crisis constitutes a rare, unpredictable, and unlikely to be repeated occurrence. The world capitalist economy, we are informed, was fundamentally sound prior to the advent of this unforeseen exogenous shock, and it will revive quickly once the SARS-CoV-2 virus is under control. This received view, however, is incorrect on all counts. | more…
In 1884, important figures in England’s budding socialist movement broke with the Social Democratic Federation over concealed jingoism and strong support for the British Empire. A similar division within the broad left on the issue of imperialism is threatening to reappear in our time. | more…
Many factors are involved in COVID-19 mortality rates. Nevertheless, it is clear that the more socialist-oriented countries—by prioritizing social needs and public health, plus aggressive testing, tracing, and enlisting the aid of their populations—have generally been more effective in limiting the effects of the disease on their societies. The failure of the wealthier capitalist countries to do so is largely a result of their prioritization of profits over people. | more…
Despite all of the inevitable contradictions, China stands out in the present planetary emergency in having advanced an ambitious vision of ecological civilization with the strong support of the Chinese population. Paraphrasing C. Wright Mills on Cuba, we do not worry about China’s struggle to create an ecological civilization. We worry with it. | more…
We remember our good friend and comrade, Leo Panitch, one of the great socialist intellectuals of all time, who died on December 19, 2020, age 75. | more…
On California’s November 2020 ballot were some contentious and important issues, including Proposition 22, classifying rideshare drivers and app-based delivery workers as independent contractors. Gig economy giants Uber, Lyft, Doordash, and others spent a whopping $111 million on Prop 22. Of course, the companies had a lot to lose. If they were made to treat their drivers or delivery people as employees and compensate them accordingly, they would be bankrupted, they claimed. | more…
We are extremely pleased to announce that John Bellamy Foster, editor of Monthly Review, has won the prestigious Deutscher Memorial Prize for 2020 for his The Return of Nature: Socialism and Ecology. | more…
The United States is now in a New Cold War with Russia and China, with the focus increasingly on the latter and involving a direct challenge to U.S. hegemony over the world economy. | more…