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The Iron Heel

Grand Theft Capital: The Increasing Exploitation and Robbery of the U.S. Working Class

The working class is being robbed, both through outright expropriation and the more hidden exploitation of countless workers who are struggling to make ends meet while capitalists pocket the surplus value they produce. Fred Magdoff and John Bellamy Foster dissect the neoliberal assault on the working class that is spurring a new generation of labor organizing. | more…

Hidden History of the Korean War: New Edition

Introduction to the New Edition of ‘The Hidden History of the Korean War’

First published in 1952, I. F. Stone’s Hidden History of the Korean War was a stunning indictment of the U.S. war machine and the mass media’s unquestioning acceptance of the government’s deception. In their new introduction, Tim Beal and Gregory Elich explore Hidden History‘s continuing relevance to current events, including the rapidly escalating New Cold War. | more…

The Political Tragedy of Capitalist Rule

In this prescient article from 1995, former MR editors Harry Magdoff and Paul M. Sweezy show that, through their own profligacy, the ruling classes have lost their capacity for political rule. The way forward, Magdoff and Sweezy write, is an “organized, militant struggle,” and with victory necessarily leading to the overthrow of capitalist rule. | more…

The Dialectics of Dependency: Ruy Mauro Marini

Superexploitation and the Imperialist Drive of Capitalism: How Marini’s ‘Dialectics of Dependency’ Goes beyond Marx’s ‘Capital’

Andy Higginbottom analyzes the influence of Ruy Mauro Marini on dependency theory and the concept of superexploitation. Marini, he explains, carried Marx’s legacy forward—but there is still work to be done in the twenty-first century. | more…

The Prosecution of Professor Chandler Davis: McCarthyism, Communism, and the Myth of Academic Freedom

The Prosecution of Professor Chandler Davis tells the true tale of a mathematician who found himself taking an involuntary break from chalking equations to sit opposite a row of self-righteous anti-Communist congressmen at the height of the McCarthy era. Courageously asserting the First Amendment to confront a system rapidly descending into fascism, Davis testified before the House Un-American Activities Committee (HUAC). He became one of a small number of left wingers who served time for contempt of Congress. | more…

The Myth of Black Capitalism: New Edition

Forthcoming in 2024

Deciphers the history of “Black capitalist” rhetoric— and how it serves to enrich a minuscule few at the expense of the many

In his 1970 book The Myth of Black Capitalism, Earl Ofari Hutchinson laid out a rigorous challenge to the presumption that capitalism, in any shape or form, has the potential to rectify the stark injustices endured by Black people in America. Ofari engaged in a diligent historical review of the participation of African Americans in commercial activity in this capitalist country, demonstrating conclusively that the creation of a class of Black capitalists failed to ameliorate the extreme inequity faced by African Americans. Even