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Volume 76, Issue 10 (March 2025)

Monthly Review Volume 76, Number 10 (March 2025)

March 2025 (Volume 76, Number 10)

The editors analyze recent shift in mainstream discourse away from the goal of energy transition toward capitalist friendly policies that allow corporations to receive large subsidies for inadequate “solutions.” Despite the scientific consensus that these are insufficient to tackle the planetary crisis, capital and its advocates continue to promote the abandonment of the energy transition in the effort to maintain U.S. imperial dominance and feed its hunger for fossil fuels. | more…

New this week!

Western Marxism and Imperialism: A Dialogue

John Bellamy Foster and Gabriel Rockhill assess the history and influence of Western Marxism, defined not geographically, but by a rejection of the Marxism developed in the Soviet Union, in the Global South, and even in classical Marxism. This strain of Marxist thought, birthed in the imperial core, represents a concession to the dominance of U.S. ideology, rather than to correct the pressing issues confronting society today. | more…

In Defense of History: Marxism and the Postmodern Agenda

The Necessity of a Universal Project

This article will be released in full online March 10, 2025.

In this excerpt from Ellen Meiksins Wood’s In Defense of History, Wood appraises the state of postmodern thought in the late twentieth century. “Today’s postmodernism,” Wood writes, “for all of its apparently defeatist pessimism, is still rooted in the ‘Golden Age of Capitalism.’ It’s time to leave that legacy behind and face today’s realities.” | more…

Arghiri Emmanuel

Arghiri Emmanuel and Unequal Exchange: Past, Present, and Future Relevance

This article will be released in full online March 17, 2025.

Torkil Lauesen delves into the legacy of celebrated Arghiri Emmanuel, whose theory of unequal exchange resonates well into the twenty-first century. Introduced in 1962, Emmanuel’s critique of Ricardian and neoliberal capitalism further illuminated the Marxist concept value as it relates to global exchange and the ongoing exploitation of the Global South by the Global North. | more…

Prestes Maia Avenue in São Paulo, Brazil

Labor Informality and Unemployment in Brazil: Insights from the Perspective of the Relative Surplus Population

This article will be released in full online March 24, 2025.

Using data from Brazil’s Integrated System of Household Surveys, Renata Falavina and Gabriel Ulbricht employ Marxist categories in order to illuminate the concept of the reserve army of labor in the context of underemployment and informal labor in modern-day Brazil. This view, the authors write, shows that the dichotomy of full employment and unemployment fails to capture the complexity of unstable labor dynamics in a world of informal and precarious work. | more…

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