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April 2000 (Volume 51, Number 11)

Notes from the Editors

This space has, from its earliest years, been devoted to MR affairs, viewing the readers as part of a larger family. Recently, we began to use the space for commentary on political and economic developments also. The occasion of Paul’s 90th on April 10, however, calls for something very different. If you guess that this will be a love letter, you are not mistaken. I have long wanted to express publicly my feelings about Paul. A review of his contributions to knowledge and theoretical analysis about capitalism and socialism would require a long essay. I prefer to say a few words about him as my friend and comrade | more…

Monopoly Capital at the Turn of the Millennium

Economic analysts, as everyone knows, have widely differing views on the way the economy works. The single most important division lies between right and left—a division that has its roots in class. But even among those on the left there are areas of sharp disagreement. One of these is over the centrality of the Keynesian revolution to the development of economics. Did the revolution in economic thought, associated with thinkers such as Keynes and Kalecki, teach things that Marxist political economists should view as essential? Another disagreement is over the role of monopoly and competition. How central is the concentration and centralization of capital to our understanding of the workings of capitalism today—a full century after Marxists and other radicals first raised the question of monopoly capitalism? Whatever one’s abstract theory is—and all theories by definition rely on a degree of abstraction—its usefulness lies in its capacity to make sense of everyday reality, while providing the strategic analysis necessary for practical revolutionary solutions. | more…

March 2000 (Volume 51, Number 10)

Notes from the Editors

What do Helmut Kohl and Elián Gonzáles have in common? What could possibly unite the destinies of the huge former Chancellor of Germany, who for so many years dominated European politics and played the part of senior statesman on the global stage, and the little boy whose only political role so far has been as pawn in the hands of fading right-wing Cuban fanatics in Miami? | more…

The Problem of the Media: U.S. Communication Politics in the Twenty-First Century

The Problem of the Media: U.S. Communication Politics in the Twenty-First Century

The symptoms of the crisis of the U.S. media are well-known—a decline in hard news, the growth of info-tainment and advertorials, staff cuts and concentration of ownership, increasing conformity of viewpoint and suppression of genuine debate. McChesney’s new book, The Problem of the Media, gets to the roots of this crisis, explains it, and points a way forward for the growing media reform movement. | more…

October 1999 (Volume 51, Number 5)

Notes from the Editors

Many MR readers will remember when teaching the theory of evolution was prohibited by law in some U.S. states. This wasn’t just at the time of the infamous Scopes “monkey trial” in 1925 but still decades later. In the 1950s, during the McCarthy era, the anti-evolution law took on a new significance, symbolizing the suppression of intellectual freedom which was the hallmark of that grim episode in U.S. history. In 1955, the ACLU, which had initiated the original constitutional test of the Tennessee law that culminated in the Scopes trial, again called for repeal of the law, as a symbol of every attack on the freedom of thought. That same year, “Inherit the Wind” appeared on Broadway, presenting the “monkey trial” as a thinly disguised metaphor for McCarthyism | more…

July-August 1999 (Volume 51, Number 3)

Notes from the Editors

In his article on the U.S. economy in this issue, Doug Henwood quotes from a piece by Thomas Friedman in the New York Times Magazine on March 28, and points to the connection between Friedman’s view of globalization and his support for the bombing of Yugoslavia. Well, we read that article and were very much struck by it too. Anyone who thinks we’re over the top when we say things like Ellen did in June’s Review of the Month about the “new imperialism” should just read Friedman’s “Manifesto for the Fast World.” | more…

The Making of a Cybertariat: Virtual Work in a Real World

The Making of a Cybertariat: Virtual Work in a Real World

The workplace has been changed in recent decades by the rise of digital technologies. Parts of a single labor process can be moved around the world, with implications not only for individual workplaces or firms, but for the working class as a whole. Computer operators in India process medical transcriptions for doctors in the United States at one-eighth of what U.S. computer operators would earn, and at four times the salary of an Indian schoolteacher. | more…

May 1999 (Volume 51, Number 1)

Notes from the Editors

This issue marks our fiftieth anniversary. We’re sure our readers don’t need to be told about the odds against a socialist magazine surviving through this particular half century. We began at a time when socialism was a dirty word in the United States, and we’re still here today, in fact growing again, after a decade in which people have been abandoning socialism in droves. | more…

Silent Revolution: The Rise and Crisis of Market Economics in Latin America

Silent Revolution: The Rise and Crisis of Market Economics in Latin America

Throughout the 1990s Latin America was seen as the poster child of neoliberalism, as governments opened their economies to imports, slashed social spending, and gave priority to attracting foreign investment. In the process, runaway inflation was held in check and currencies stabilized. But this was done at huge environmental and human cost. Global corporations and small elite in Latin America grew rich, but the bulk of the population suffered. | more…

March 1999 (Volume 50, Number 10)

Notes from the Editors

If the United States has ever had a “welfare state,” Social Security must surely be the heart of it. In the world’s most predatory capitalism, this is the closest thing to a humane and equitable institution. An International Monetary Fund (IMF) study has even suggested (but who trusts the IMF?) that the U.S. state pension system is more redistributive than the one in social democratic Sweden. What, then, should we make of Clinton’s proposal for “rescuing” the system? | more…

Naming the System: Inequality and Work in the Global Economy

Naming the System: Inequality and Work in the Global Economy

The economic boom of the 1990s created huge wealth for the bosses, but benefitted workers hardly at all. At the same time, the bosses were able to take the political initiative and even the moral high ground, while workers were often divided against each other. This new book by leading labor analyst Michael D. Yates seeks to explain how this happened, and what can be done about it. | more…

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