Archive | Volume 54, Issue 10 (March)

In the 1920s Andrew Mellon, who served as secretary of the treasury under Presidents Harding, Coolidge, and Hoover (it was sometimes said that they served under him), introduced a series of gargantuan tax cuts culminating in what was known as the Mellon Plan. This consisted of a huge cut in the income tax rates of […]

For a long time now it has been widely understood within economics that under the capitalism of giant firms, corporations no longer compete primarily through price competition. They engage instead in what economists call “monopolistic competition.” This consists chiefly of attempts to create monopoly positions for a particular brand, making it possible for corporations to […]

The letter of support, signed by the leaders of eight European countries last January, for the Bush administration’s inexorable push for war with Iraq was both singularly ideological and shortsighted. The list of values that the signatories claim to share with the United States is altogether unexceptionable: “democracy, individual freedom, human rights, and the rule […]

A key feature of neoliberal economic policies in both poor and rich nations is the mania for the privatization of socially-owned assets and services. The shift from publicly to privately-produced goods and services is designed to phase out public programs and to repudiate governmental responsibility for social welfare. Socially-owned land, infrastructure, and enterprises are to […]

Some would say socialist feminism is an artifact of the 1970s. It flowered with the women’s liberation movement, as a theoretical response to what many in the movement saw as the inadequacies of Marxism, liberalism, and radical feminism, but since then it has been defunct, both theoretically and politically. I think this view is mistaken

Daniel Singer’s first book was Prelude to Revolution: France in May 1968, published in 1970. There he posed the question: “Could it be that a socialist revolution is beginning, that Marxism is returning to its home ground, the advanced countries for which it was designed?” And he answered his own question, Yes. The main message […]