In October 2016, the Sveriges Riksbank (Swedish Central Bank) Prize in Economic Sciences in Memory of Alfred Nobel—commonly but incorrectly called the Nobel Prize in Economics—was awarded to two European-born, U.S.-based economists, Oliver Hart and Bengt Holmström, for their work on contracts related to executive pay. Hart and Holmström were lauded for having theorized what was thought to be the optimal mix of risk and incentives in pay packages for corporate executives, thereby determining the appropriate combination of basic salary, bonuses, and share options. In other words, they received the Riksbank Nobel Memorial Prize for their efforts to rationalize the exorbitant paychecks of CEOs and other corporate leaders—a direct service to big business. | more…
Food has become a core contradiction of contemporary capitalism. Discussions of the economics and sociology of food and food regimes seem to be everywhere today, with some of the most important contributions made by Marxian theorists. Amid plentiful food production, hunger remains a chronic problem, and food security is now a pressing concern for many of the world’s people.… Despite the severity of these problems and their integral relation to the capitalist commodity system, it is generally believed that Karl Marx himself contributed little to our understanding of food…. [Yet] food for Marx was far more than a “passing interest”: in his work one finds analyses of the development of agriculture in different modes of production; climate and food cultivation; the chemistry of the soil; industrial agriculture; livestock conditions; new technologies in food production and preparation; toxic additives in food products; food security; and much more. Moreover, these issues are not peripheral, but organically connected to Marx’s larger critique of capitalism. | more…
Since announcing its foreign policy “pivot to Asia” shortly after the election of Barack Obama, the United States has made extensive use of its institutional and discursive power to encourage denationalization among developing countries whose economies chiefly rely on manufacturing and trade—part of its global strategic goal of expanding the hegemony of finance capital at the lowest possible cost. The development of the Trans-Pacific Partnership (TTP) is a case in point. This article analyzes the TPP’s strategy in targeting China, pointing out that the TPP is a battle for the terms of economic development and discourse in the twenty-first century, as well as an illustration of the ideology of technocracy and soft power. Lastly, we criticize the TPP’s erosion of economic sovereignty, which would effectively relegate the economies of developing countries to a form of semi-colonial extraterritoriality. | more…
In early 1970, Vice President Spiro Agnew had this to say about the so-called ’60s Generation: “As for these deserters, malcontents, radicals, incendiaries, the civil and the uncivil disobedients among our youth, SDS, PLP, Weathermen I and Weathermen II, the revolutionary action movement, the Black United Front, Yippies, Hippies, Yahoos, Black Panthers, Lions, and Tigers alike—I would swap the whole damn zoo for a single platoon of the kind of young Americans I saw in Vietnam.” This is a fascinating statement for multiple reasons and on multiple levels. To begin with, a single platoon of the kind of young Americans he saw in Vietnam went into a village we remember as My Lai and murdered 407 unarmed men, women, and children. On the same day, in the nearby village of My Khe, another unit of the same division murdered an estimated 97 additional Vietnamese civilians. While I personally did not participate in or witness killing on that scale, I and my fellow Marines routinely killed, maimed, and abused Vietnamese on a near-daily basis, destroying homes, fields, crops, and livestock with every weapon available to us, from rifles and grenades to heavy artillery and napalm.… It is no wonder, it turns out, that Agnew should be so fond of “the kind of young Americans” he saw in Vietnam, since he himself turned out to be a criminal who was forced to resign from his office in public disgrace. | more…
The Vietnam War was an example of imperial aggression.… Imperialism ultimately enriches the home country’s dominant class. The process involves “unspeakable repression and state terror,” and must rely repeatedly “upon armed coercion and repression.” The ultimate aim of modern U.S. imperialism is “to make the world safe” for multinational corporations.… U.S. imperial actions in Vietnam and elsewhere are often described as reflecting “national interests,” “national security,” or “national defense.” Endless U.S. wars and regime changes, however, actually represent the class interests of the powerful who own and govern the country. Noam Chomsky argues that if one wishes to understand imperial wars, therefore, “it is a good idea to begin by investigating the domestic social structure. Who sets foreign policy? What interest do these people represent? What is the domestic source of their power?” | more…
David Vine, Base Nation: How U.S. Military Bases Abroad Harm America and the World (New York: Metropolitan, 2015), 418 pages, $35.00, hardcover.
The United States maintains about 800 military installations around the world, and the number is growing, despite partial withdrawals of troops from Iraq and Afghanistan and scaling back of major European bases. The continued expansion…has come mainly through a series of smaller “lily pad” installations, originally proposed by Defense Secretary Donald Rumsfeld, that are now being built in Africa, Eastern and Central Europe, Latin America, the Middle East, and beyond.… [David] Vine, a professor of anthropology at American University [and author of Base Nation], visited more than sixty current or former bases in twelve countries and territories. Although scholars such as Chalmers Johnson, Cynthia Enloe, and Catherine Lutz, as well as contributors to Monthly Review, have for decades sounded the alarm about the ever-expanding global network of U.S. military bases, Vine’s new study provides a comprehensive update, persuasively documenting the ways that “far from making the world a safer place, U.S. bases overseas can actually make war more likely and America less secure.” | more…
Margaret Randall, Haydée Santamaría, Cuban Revolutionary: She Led by Transgression (Durham, NC: Duke University Press, 2015), 248 pages, $23.95, paperback.
In the early 1950s, Haydée Santamaría Cuadrado moved from a rural Cuban sugar plantation to Havana, to live with her younger brother Abel. Together, they would help to establish a revolutionary movement that would change the history of their country. Haydée, as she is known throughout Cuba—Yeyé to her friends—was one of only two women among 160 men who took part in attacks on Batista’s army barracks at Moncada and Bayamo on July 26, 1953, which sparked the Cuban Revolution.… In her recent book, poet and scholar Margaret Randall, who lived in Cuba in the 1970s and became friends with Haydée, has captured the essence of this exemplary woman. | more…
U.S. presidential elections, if nothing else, throw considerable light on the ideology and imperatives of the system. This is particularly the case with respect to imperialism, where one sees signs of a declining and increasingly desperate U.S. empire. Hillary Clinton has been calling for a no-fly zone in Syria (which would include Russian planes!), thereby threatening a confrontation with Russia on a level not seen since the Cuban Missile Crisis.… Trump, for his part, while appearing to suggest a kind of détente with Russia, is ready to intervene directly and massively in Iraq against the Islamic State (ISIS, ISIL, Daesh), including the use of ground troops. He supports the extension of torture and the slaughter of whole families of suspected terrorists. He claims that he would raise Israel from being a second-level power…. In short, the presidential nominees for the two major political parties are each posturing over who is the most aggressive and bellicose upholder of U.S. militarism and imperialism—and in ways that threaten further escalation of war in the Middle East and in opposition to Russia. | more…
It is by now well known that significant and growing economic inequality is a central feature of the U.S. economy, as previous articles in Monthly Review have shown. However, the same is also the case for much of the rest of the world. Inequality arises in other countries for reasons similar to those in the United States, but each nation has its own history, along with widely divergent economic and political structures. Here we will look first at the most recent data on global inequality, and then at its causes and consequences. | more…
Next year will mark the eightieth anniversary of the Battle of Jarama.… In February 1937, eleven thousand Republicans…fought and died defending Madrid against Francisco Franco’s fascist incursion. At this point in Spain’s Civil War, the country was split evenly between west and east by rebel Nationalist and Republican forces. An earlier direct assault on Madrid had been repulsed. Republican troops subsequently consolidated their defenses along the Manzanares River. An assault through Madrid’s southern barrios would have cost Franco’s forces dearly. General Emilio Mora’s men north of the city in the meantime were held in check by Popular Front forces in the Sierra de Guadarrama.… The Nationalists turned to cutting off Madrid from the Republic’s provisional capital. They planned to march south before swinging north and capturing the road to Valencia. In early February, Franco ordered 40,000 of his battle-hardened Moroccan troops and an Italian unit provided by Mussolini to attack. The forces crossed the Jarama River on February 11. Republican General José Miaja countered the thrust with three battalions of the XV International Brigade, including the Dimitrov Battalion and the British Battalion. | more…
The overarching goal of this article is to explain how the relations between capitalist imperialism, primary accumulation—often misleadingly called “primitive accumulation”—and intersectionality operate in contemporary global political economy. From many recent studies, it is clear that certain populations are more vulnerable to processes of primary accumulation than others, and that many people in the global South now experience the dispossession and displacement caused by primary accumulation without any subsequent incorporation into waged work. Understanding how ethnicity, gender, and class intersect within contemporary patterns of global accumulation is important in order to develop clear political strategies against ongoing dispossessions.… To do so, imperialism, primary accumulation, and intersectionality all need to be rethought, especially in relation to each other. | more…
“We will fight from one generation to the next.” In the 1960s and 1970s we anti-imperialists in the U.S. were inspired not only by that slogan from Vietnam but even more by how they lived it with their 2000-year history of defeating a series of mighty invaders. At the same time we felt that we just might be on the cusp of world revolution in our lifetimes. Vietnam’s ability to stand up to and eventually defeat the most lethal military machine in world history was the spearhead. Dozens of revolutionary national liberation struggles were sweeping what was then called the “Third World,” today referred to as the “global South.” There was a strategy to win, as articulated by Che Guevara: to overextend and defeat the powerful imperial beast by creating “two, three, many Vietnams.” A range of radical and even revolutionary movements erupted within the U.S. and also in Europe and Japan.… Tragically, the revolutionary potential that felt so palpable then has not been realized.… Today, fighting from one generation to the next takes on new relevance and intense urgency. | more…
In his recent foreword to the second edition of Paul Burkett’s Marx and Nature, John Bellamy Foster reflected on a significant change in left attitudes toward Marx’s ecology: “Today Marx’s understanding of the ecological problem is being studied in universities worldwide and is inspiring ecological actions around the globe.” This worldwide recognition of Marx’s ecological critique of capitalism without doubt owes much to Burkett’s Marx and Nature (1999) and Foster’s Marx’s Ecology (2000). Yet the new interest in ecological Marxism did not originate solely with these books. Rather, as their new co-authored book Marx and the Earth documents, over the last fifteen years Burkett and Foster have meticulously refuted the many criticisms of Marx from so-called “first-stage ecosocialists”…. It should be noted that, whatever their disagreements with Marx, the first-stage ecosocialists were also deeply critical of capitalism. So why are Foster and Burkett arguing with their potential comrades? Furthermore, some of the issues taken up in Marx and the Earth might appear abstruse at first glance—why bother debating them at such length?… [A] patient reader will soon recognize the book’s importance and the significance of the issues at stake. | more…
