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Volume 71, Issue 05 (October 2019)

Monthly Review Volume 71, Number 5 (October 2019)

October 2019 (Volume 71, Number 5)

Notes from the Editors

New issue of Monthly Review! If there is one thing that is clear about the economic situation in the mature capitalist economies, as we write these notes in mid-August 2019, it is that the financial world is increasingly running scared and looking for safe havens, worrying about the storm clouds ahead. There is now little doubt that the world economy is on the verge of a recession after a long sluggish recovery from the Great Financial Crisis of 2007-09. In itself this should not give occasion to surprise. In this instance, however, there lurks a bigger fear, the possibility of a financial Armageddon on the level of the Great Financial Crisis of 2008—or worse. | more…

A 2015 demonstration of German radical right group Pegida.

The Rise of the Right

In an interview with Farooque Chowdhury, Monthly Review editor John Bellamy Foster speaks about the historical conditions associated with the rise of new far-right movements of a broadly neofascist character. What we are witnessing, especially in the advanced capitalist world, is the development of a neoliberal-neofascist alliance, reflecting the decline of the liberal-democratic state. Neofascism is the most dangerous and volatile phenomenon in this emerging right-wing historical bloc. All of this has to be seen in relation to the structural crisis of capitalism and growing ruling-class attempts to restructure the state-capital relationship so as to create regimes more exclusively for capital. | more…


Socialist Internationalism Against the European Union

Costas Lapavitsas’s The Left Case Against the EU (Polity, 2019) is recognized as the leading work advocating Lexit, the left-wing case for Brexit, and for nations leaving the European Union more generally. In light of current Conservative British Prime Minister Boris Johnson’s commitment to exit the European Union by October 31, even if it means a no-deal Brexit, the role of the left takes on growing importance. Moreover, this raises issues of the European Union generally, including the dominance of neoliberalism within it and the question of German hegemony. Here, Neil Davidson offers an assessment of Lapavitsas’s book. | more…

After a month of nonstop developments, protests have continued in the island

A Duel of Dreams

Naomi Klein’s The Battle for Paradise (Haymarket, 2018) describes a duel of dreams for post-Hurricane Mar’a Puerto Rico. On the one hand, networks of resistance and resilience sprang up around the island in the wake of the collapse of not just trees and houses, but infrastructure and government. On the other, a small group of super rich speculators and futurists were poised to cash in on what Puerto Rico’s then-Governor Ricardo Rossell—ó described as an opportunity to “sort of restart and upgrade” a nation he shamelessly called a “blank canvas.” Rossell—ó— was forced out of office on July 24, 2019, by mass protests, in large part thanks to the networks of resistance and resilience that came to life when the government essentially disappeared after the 2017 hurricanes. | more…

Marta Harnecker

A New Revolutionary Subject

Monthly Review and Monthly Review Press author, world socialist activist, and theorist of revolution, Marta Harnecker, died on June 15, 2019, at age 82. In her memory, we republish an exchange between her and Greek journalist Tassos Tsakiroglou, conducted in advance of the 2017 conference on 150 Years of Marx’s Capital: Reflections for the Twenty-First Century. | more…

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