In this concise and detailed work, Salim Lamrani addresses questions of media concentration and corporate bias by examining a perennially controversial topic: Cuba. Lamrani argues that the tiny island nation is forced to contend not only with economic isolation and a U.S. blockade, but with misleading or downright hostile media coverage. By focusing on eight key areas, including human development, internal opposition, and migration, Lamrani shows how the media systematically shapes our understanding of Cuban reality. This book, with a foreword by Eduardo Galeano, provides an alternative view, combining a scholar’s eye for complexity with a journalist’s hunger for the facts. | more…
In 1832, when the global cholera pandemic was approaching Manchester—as a young Frederick Engels was later to recount in The Condition of the Working Class in England (1845)—“a universal terror seized the bourgeoisie of the city. People remembered the unwholesome dwellings of the poor, and trembled before the certainty that each of these slums would become a centre for the plague, whence it would spread desolation in all directions through the houses of the propertied class.” As a result, Engels noted, various official inquiries were commissioned into the condition of the poor. But little was done in the end to combat the social factors that facilitated the spread of the disease.… One can see an analogous situation today in the growing concern that has materialized in the United States and other wealthy nations over the Ebola epidemic in Africa. | more…
The American continent was the first region to be integrated into newborn global capitalism and to be shaped into a periphery of the European Atlantic centers, themselves still undergoing formation. That shaping was a process of unparalleled brutality. The English, just as they did in Australia and New Zealand, proceeded immediately to the total genocide of the indigenous population. The Spaniards reduced them to a state of virtual slavery that, despite its catastrophic demographic effects, did not efface the Indian presence. Both, along with the Portuguese and the French, finished shaping the continent with the slave trade. The exploitation of this first periphery of historical capitalism was based on setting up a system of production to export agricultural (sugar, cotton) and mineral products.… Independence, when gained by the local white ruling classes, did not change that setup. Latin America (with today a mere 8.4 percent of world population) and Africa have small populations, relative to East, South, and Southeast Asia, but are endowed with fabulously rich natural resources (in mineral deposits and potentially arable land). For that reason those regions were doomed to remain subject to systematic grand-scale pillage, exclusively for purposes of capital accumulation in the dominant centers—Europe and the United States. | more…
On February 25, 2013, the U.S. Food and Drug Administration (FDA) closed the public comment period for the environmental assessment of the AquAdvantage Salmon. Their review of the first genetically modified animal for human consumption concluded with a “finding of no significant impact.” Numerous fishermen, consumer safety advocates, public health officials, ecologists, and risk assessment experts submitted comments that directly challenged this finding. Despite the opposition, it is very likely that the FDA’s approval of this genetically engineered salmon and precedent-setting regulatory process is imminent.… The aquaculture industry and corporate investors are championing this recent development in food biotechnology. They propose that this “invention” will yield ecological benefits, such as preserving wild salmon, while enhancing efficiency.… Unfortunately, the discussion of fisheries and oceans is constrained by ideological justifications that prevent a comprehensive assessment.… [The alternative approach presented here focuses on] how the logic of capital has shaped production and commodification processes. It also highlights how the most recent case of biotechnology in relation to salmon serves the needs of capital by increasing control of biological and ecological systems in order to better conform to economic dictates. The genetic modification of salmon is part of a biological speedup, whereby natural processes are transformed to achieve faster rates of return in the food marketplace. | more…
In the United States and much of the world there is a palpable depression about the prospect of overcoming the downward spiral created by the tyranny of wealth and privilege and establishing a truly democratic and sustainable society. It threatens to become self-fulfilling. In this trailblazing new book, award-winning author Robert W. McChesney argues that the weight of the present is blinding people to the changing nature and the tremendous possibilities of the historical moment we inhabit. In Blowing the Roof Off the Twenty-First Century, he uses a sophisticated political economic analysis to delineate the recent trajectory of capitalism and its ongoing degeneration. | more…
On September 20, 2014, while corporate and government officials arrived in New York City for the UN Climate Summit, organizers and activists from around the world participated in a peoples’ summit called the NYC Climate Convergence (organized by the Global Climate Convergence and System Change Not Climate Change). The NYC Climate Convergence featured as the lead keynote speaker Naomi Klein, who presented the analysis of her new book, This Changes Everything: Capitalism vs. the Climate (Simon and Schuster, 2014). Her concluding chapter, significantly, is entitled “Leap Years: Just Enough Time for the Impossible.” Monthly Review readers will be interested that Klein observes in her book: “Karl Marx… recognized capitalism’s ‘irreparable rift’ with the ‘natural laws of life itself’”. Later she refers to “global capitalism’s voracious metabolism”. | more…
Not since the Great Depression of the 1930s has it been so apparent that the core capitalist economies are experiencing secular stagnation, characterized by slow growth, rising unemployment and underemployment, and idle productive capacity. Consequently, mainstream economics is finally beginning to recognize the economic stagnation tendency that has long been a focus in these pages, although it has yet to develop a coherent analysis of the phenomenon. Accompanying the long-term decline in the growth trend has been an extraordinary increase in economic inequality, which one of us labeled “The Great Inequality,” and which has recently been dramatized by the publication of French economist Thomas Piketty’s Capital in the Twenty-First Century. Taken together, these two realities of deepening stagnation and growing inequality have created a severe crisis for orthodox (or neoclassical) economics. | more…
Secular stagnation (or the trend towards long-term slow growth and continuing high unemployment/underemployment) has become a big issue in the mature economies since 2013, when former U.S. Treasury Secretary Larry Summers raised the question at an IMF economic forum. Compilations of work on the subject can now be found on the Internet, such as the one by economists Coen Teulings and Richard Baldwin; which however leaves out all contributions by heterodox economists. Teulings and Baldwin credit Summers with having “resurrected” the secular stagnation issue. But is this true? Only in the sense that he reintroduced it to mainstream neoclassical economics. It has long been a topic on the left, and particularly in Monthly Review, where editor Paul Sweezy explicitly drew attention to the “secular stagnation” question more than forty years ago—with MR tracking the stagnation trend month by month in the four decades that followed.… Isn’t it about time…that orthodox economists, Summers included, began to acknowledge the enormous work done on this topic on the left over decades, and indeed the greater complexity and historicity of the analysis to be found there—not only in MR but within heterodox economics more generally? Such an admission might even do orthodox economists some good. | more…
Harry Braverman’s Labor and Monopoly Capital, first published forty years ago in 1974, was unquestionably the work that, in the words of historian Bryan Palmer, “literally christened the emerging field of labor process studies.” In the four decades since its appearance Braverman’s book has continued to play a central role in debates on workers’ struggles within industry, remaining indispensable to all attempts at in-depth critique in this area.… This continuing relevance of Braverman’s analysis has to do with the fact that his overall vision of the transformations taking place in modern work relations was much wider than has usually been recognized. Viewed from a wide camera angle, his work sought to capture the complex relation between the labor process on the one hand, and the changing structure and composition of the working class and its reserve armies on the other. This broad view allowed him to perceive how the changes in the labor process were integrally connected to the emergence of whole new spheres of production, the decomposition and recomposition of the working class in various sectors, and the development of new structural contradictions. | more…
Judy Tzu-Chun Wu, Radicals on the Road: Internationalism, Orientalism, and Feminism during the Vietnam Era (Ithaca: Cornell University Press, 2013), 346 pages, $26.95, paperback.
The cover of Judy Tzu-Chun Wu’s Radicals on the Road features a sepia-toned photograph of Eldridge Cleaver raising his fist in a Black Power salute behind three Vietnamese women in combat helmets, one of whom is kneeling behind an anti-aircraft gun. While you have probably seen a similar photograph of Jane Fonda from her North Vietnam trip in 1972, images like that of Cleaver are less common, if circulated at all. In this second book by Wu, she documents three sets of journeys, like Cleaver’s, that have remained at the margins of both the scholarship and the popular memory of the antiwar movement. | more…
Ervand Abrahamian, The Coup: 1953, the CIA, and the Roots of Modern U.S.-Iranian Relations (New York: New Press, 2012), 304 pages, $26.95, hardback.
The Cold War between the Soviet Union and the United States began in earnest as soon as the Second World War ended, shaping most of the remainder of the twentieth century. The U.S. doctrine of “containment” required confronting the Soviets at every point of contact, accompanied by the claim that lasting peace could be reached only through the establishment of an international order based on national states which enjoyed a U.S.-defined political liberty and a capitalist economic order. The Soviets bolstered their security through providing support to countries seen as friendly and close to their borders. Therefore, maintaining influence in Iran was a goal of Soviet foreign policy in the Middle East. U.S. foreign policy was shaped by its own state interests and ideology and driven by the American postwar, worldwide systems of military bases.… It is this turbulent period of geopolitical maneuvering that Ervand Abrahamian’s The Coup revisits. Yet, unlike other books on the 1953 events in Iran, Abrahamian locates the U.S.-backed coup less in the Cold War ideological confrontation between East and West than in the conflicts which opposed imperialism and nationalism; between the center of world capitalism and the underdeveloped economies heavily dependent on exporting raw natural resources. | more…
The current stage of capitalism is characterized by the increased power of finance capital. How to understand the economics of this shift and its political implications is now central for both the left and the larger society. There can be little doubt that a signature development of our time is the growth of finance and monopoly power. | more…
