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A Theory of Globalized Capitalism

William I. Robinson, Latin America and Global Capitalism: A Critical Globalization Perspective (Baltimore: The John Hopkins University Press, 2008), 412 pages, $55.00, hardcover.

Latin America and Global Capitalism delivers a scathing indictment of neoliberal globalization from an explicitly anti-capitalist perspective. Its scope is theoretically and empirically ambitious, beginning with a wide-ranging treatment of structural shifts in global capitalism since the early 1970s, before turning to rigorous examination of a range of themes in Latin American political economy in light of these global changes. Robinson then brings these threads together with an argument that neoliberalism entered its twilight phase in the region beginning with the recession of the late 1990s and early 2000s, as extra-parliamentary mass movements concomitantly exploded onto the scene and a variety of self-described left governments took office. The focus then tightens, with conjunctural analyses of the current upsurge in indigenous revolts, the immigrant rights movement in the United States, and the complicated and contradictory processes of the Bolivarian Revolution in Venezuela. | more…

Learning from ALBA and the Bank of the South: Challenges and Possibilities

The current period is marked by three overlapping developments: the failure of neoliberalism, the crisis of the East Asian export-led growth model, and South American efforts to advance an alternative regional development strategy. The combination has created a political environment offering important opportunities for those committed to the international struggle to supplant capitalism. | more…

Indigenous Resistance in the Americas and the Legacy of Mariátegui

Marc Becker, Indians and Leftists in the Making of Ecuador’s Modern Indigenous Movements (Durham: Duke University Press, 2008), 356 pages, $22.95, paperback.

Following the 2005 election of the first Indigenous president of any country in the Americas—Evo Morales in Bolivia—I commented in MRzine on the fact that many were taken by surprise by this seemingly sudden occurrence out of nowhere, but only because they had not been paying attention to the development of the international Indigenous movement over the past three decades. | more…

A Freedom Budget for All Americans: Recapturing the Promise of the Civil Rights Movement in the Struggle for Economic Justice Today

A Freedom Budget for All Americans: Recapturing the Promise of the Civil Rights Movement in the Struggle for Economic Justice Today

Paul Le Blanc and Michael D. Yates explain the origins of the Freedom Budget, how it sought to achieve “freedom from want” for all people, and how it might be reimagined for our current moment. Combining historical perspective with clear-sighted economic proposals, the authors make a concrete case for reviving the spirit of the Civil Rights Movement and building the society of economic security and democratic control envisioned by the movement’s leaders—a struggle that continues to this day. | more…

The Venezuelan Effort to Build a New Food and Agriculture System

In April 2008, as people around the world took to the streets to protest the global food crisis and the lack of political will to address it, a crowd of a different nature gathered in Venezuela. Afro-Venezuelan cacao farmers and artisanal fishermen of the coastal community of Chuao came together to witness their president pledge that the food crisis would not hinder Venezuela’s advancements in food and agriculture. “There is a food crisis in the world, but Venezuela is not going to fall into that crisis,” said Venezuelan President Hugo Chávez Frías. “You can be sure of that. Actually, we are going to help other nations who are facing this crisis.”1 He then went on to describe Venezuela’s most recent developments in food and agriculture, as well as the work that still lay ahead. This was one of several weekly addresses that Chávez had dedicated to food and agriculture as the world food crisis unfolded. | more…

The Penal State in an Age of Crisis

As a rule, crime and social protest rise in periods of economic crisis in capitalist society. During times of economic and social instability, the well-to-do become increasingly fearful of the general population, more disposed to adopt harsh measures to safeguard their positions at the apex of the social pyramid. The slowdown in the economic growth rate of U.S. capitalism beginning in the late 1960s and early 1970s—converging with the emergence of radical social protest around the same period—was accompanied by a rapid rise in public safety spending as a share of civilian government expenditures. So significant was this shift that we can speak of a crowding out of welfare state spending (health, education, social services) by penal state spending (law enforcement, courts, and prisons) in the United States during the last third of a century. | more…

Saying No to Soy: The Campesino Struggle for Sustainable Agriculture in Paraguay

When Paraguay elected Fernando Lugo, its first non-Colorado Party president in more than sixty years, the mood was elated. In the streets of Asuncion that night in April 2008, “Grandmothers, wrapped in the Paraguayan flag, danced with children in the streets, and cried at the top of their lungs that this [was] the moment they’d been waiting for their whole lives.”1 While Lugo’s election was a clear victory for the social movements that united to elect him, movement leaders knew that this was just the beginning. As Worker Party and Indigenous Farmer organizer Tomás Zayas told me the previous year: “Lugo will not solve our problems. If Lugo is elected, it will be a door, an opening, through which we can add to our movement and demands.” | more…

One Day in December: Celia Sánchez and the Cuban Revolution

One Day in December: Celia Sánchez and the Cuban Revolution

Celia Sánchez is the missing actor of the Cuban Revolution. Although not as well known in the English-speaking world as Fidel Castro and Che Guevara, Sánchez played a pivotal role in launching the revolution and administering the revolutionary state. The product of ten years of original research, One Day in December draws on interviews with Sánchez’s friends, family, and comrades in the rebel army, along with countless letters and documents. This is the extraordinary story of an extraordinary woman who exemplified the very best values of the Cuban Revolution: selfless dedication to the people, courage in the face of grave danger, and the desire to transform society. | more…

March 2009 (Volume 60, Number 10)

Notes from the Editors

As we write these notes in late January 2009 the economic depression is worsening with each passing day, creating previously unthinkable conditions. Even as production sinks and unemployment soars in the “real economy,” the implosion of the financial sector remains at the center of the crisis. It is now widely acknowledged in financial and policy circles that nationalization of the U.S. banking system, under one or another description, is inevitable. The Obama administration still resists what is referred to as a “complete nationalization,” with the government wiping out the bank shareholders and taking over the running of the banks. But every other option on the table involves further steps in this direction. Already the U.S. Treasury has received shares and other securities from 314 financial institutions in return for $350 billion in government bailout money. | more…

February 2009 (Volume 60, Number 9)

Notes from the Editors

In 1987, in the introduction to their Stagnation and Financial Explosion, Monthly Review editors Harry Magdoff and Paul Sweezy wrote: “We both reached adulthood during the 1930s, and it was then that we received our initiation into the realities of capitalist economics and politics. For us economic stagnation in its most agonizing and pervasive form, including its far-reaching ramifications in every aspect of social life, was an overwhelming personal experience. We know what it is and what it can mean; we do not need elaborate definitions or explanations. But we have gradually learned, not altogether to our surprise of course, that younger people who grew up in the 1940s or later not only do not share but also do not understand these perceptions. The economic environment of the war and postwar periods that played such an important part in shaping their experiences was very different. For them stagnation tends to be a rather vague term, equivalent perhaps to a longer-than-usual recession but with no implication of possible grave political and international repercussions. Under these circumstances, they find it hard to relate to what they are likely to regard as our obsession with the problem of stagnation. They are not quite sure what we are talking about or what all the fuss is over. | more…