Volume 52, Issue 07 (December)
Praise for Karl Marx—albeit of a somewhat mocking kind—comes from the strangest places nowadays. In their new book Future Perfect: The Challenge and Hidden Promise of Globalization, John Micklethwait and Adrian Wooldridge, bestselling business authors and correspondents for the adamantly procapitalist Economist magazine, declare that, “as a prophet of socialism Marx may be kaput; but as a prophet of ‘the universal interdependence of nations,’ as he called globalization, he can still seem startlingly relevant. His description of globalization remains as sharp today as it was 150 years ago” (pp. 332-333). The same thing has been noticed in a quite different way in colleges and universities, as demand for courses on Marx, Marxism, and political economy appear once again to be on the rise. | more…
The standard solution offered to the environmental problem in advanced capitalist economies is to shift technology in a more benign direction: more energy-efficient production, cars that get better mileage, replacement of fossil fuels with solar power, and recycling of resources. Other environmental reforms, such as reductions in population growth and even cuts in consumption, are often advocated as well. The magic bullet of technology, however, is by far the favorite, seeming to hold out the possibility of environmental improvement with the least effect on the smooth working of the capitalist machine. The 1997 International Kyoto Protocol on global warming, designed to limit the greenhouse-gas emissions of nations, has only reinforced this attitude, encouraging many environmental advocates in the United States (including Al Gore in his presidential campaign) to advocate technological improvement in energy efficiency as the main escape from the environmental mess. | more…
It has been ten years since the United Nations imposed comprehensive sanctions on Iraq. The sanctions were adopted on August 6, 1990, forty-five years to the day after the United States dropped an atomic bomb on Hiroshima, Japan, killing an estimated one hundred thousand people and leaving a toxic legacy that still affects the population of the area. The bombing was soon followed by an attack on Nagasaki. The coincidence is a telling one. For all the US government’s rhetoric about halting the use of weapons of mass destruction, the United States stands in a league of its own in using and proliferating them. As horrific as the use of nuclear weapons against Japan was, perhaps five to ten times as many people have died in Iraq as a consequence of the war led by the United States and Britain, under United Nations (UN) auspices, during the last decade | more…
At the June meeting of the Black Radical Congress in Detroit, conference delegates decided to launch a campaign for “Education, not Incarceration ” | more…
A Neoliberal Recapitulation of Primitive Accumulation
Dean Baker and Mark Weisbrot, Social Security: The Phony Crisis (Chicago and London: The University of Chicago Press, 2000), 175 pp., $22.
The pronounced insecurity that inevitably attends capitalism’s historic tendency to commodify, and hence privatize, everything that can be commodified and privatized has been met with two major forms of resistance. The first is revolutionary communism, which emerged in the latter half of the nineteenth century and the second is social democracy, which developed in its strongest form in Europe after the Second World War. A defining feature of our present situation is that neither of these forms of resistance to capitalist hegemony is currently a major historical force. | more…
The Political Economy of Crime in America
American politicians have been declaring victory in the war against crime at least since Richard Nixon said in 1972 that “[c]rime…[is] finally beginning to go back down…[because] we have a remarkable record on the law-and-order issues, with crime legislation…and narcotics bills.” In other words, crime declines because the government passes laws and spends money; larger prisons, more police, fewer civil liberties, and tougher punishments are winning the war on crime | more…