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Monthly Review Volume 70, Number 3 (July-August 2018)

July-August 2018 (Volume 70, Number 3)

Notes from the Editors

This special issue is dedicated to developing the ecological critique embodied in Marx’s theory of “metabolic rift.” Each article uses the metabolic rift perspective to uncover core contradictions of capitalism, as well as possible paths toward a new system—one that will meet human needs while protecting the earth and future generations. | more…

Buried machinery in a barn lot; Dallas, South Dakota, May 1936

No Empires, No Dust Bowls

Ecological Disasters and the Lessons of History

When scientists describe the increase of Dust Bowl-like conditions under climate change, they signal a particular kind of violent ecological and social change. But equally violent are the social forces, historical developments, policies, and practices that produce such massive socioecological crises in the first place. | more…

Miseducating for the Global Economy: How Corporate Power Damages Education and Subverts Students' Futures

Miseducating for the Global Economy: How Corporate Power Damages Education and Subverts Students’ Futures

Millions of Americans face increasing difficulty finding well paying, secure jobs. But the current employment crisis is not so much due to the educational system as it is to a sustained corporate effort to keep the public in ignorance about the damage wrought by the global economy itself. Miseducating for the Global Economy reveals that behind the going concern for “global economy education” lies capitalism’s metastasizing indifference to human values, to a fair distribution of resources, to its radical restructuring of workplaces with an attendant intensification of work effort, and to the genuine well-being of workers and their families. | more…

Monthly Review Volume 70, Number 2 (June 2018)

June 2018 (Volume 70, Number 2)

With the eruption in March of the scandal around Cambridge Analytica and Facebook, articles raising the alarm on “surveillance capitalism” are suddenly everywhere. The term, which was coined in MR in August of 2014, was developed to highlight the links between digital spying systems and contemporary capitalism as a whole. Academic interpretations of the concept effectively divorced surveillance capitalism from class analysis, and from the overall political-economic structure of capitalism—as if surveillance could be abstracted from monopoly-finance capital as a whole. | more…

The Age of Monopoly Capital: Selected Correspondence of Paul A. Baran and Paul M. Sweezy, 1949-1964

A Marxist Correspondence

Paul A. Baran (1910–1964) and Paul M. Sweezy (1910–2004) were two of the most creative and influential Marxist economists of the last century. The Age of Monopoly Capital collects hundreds of letters between Baran and Sweezy, written between 1949 and Baran’s death in 1964. The correspondence contains numerous interesting, important, and unanticipated ideas. Nuggets of wisdom about economic theory, socialist history, dialectical method, academic politics, and many other topics are scattered throughout. | more…

Paul M. Sweezy and Paul A. Baran

Two Intellectual Giants of the American Left

Instead of theory, early U.S. radicals excelled in reportage, like John Reed’s Ten Days That Shook the World, or fiction, like Upton Sinclair’s packing-house shocker The Jungle. To Europeans American thought seemed impermeable to the difficult ideas of Marxism. That changed with the founding of Monthly Review in 1949, which marked a newly realized if not entirely new trend in American Marxist thought. | more…

The Russians Are Coming, Again: The First Cold War as Tragedy, the Second as Farce

The Russians Are Coming, Again: The First Cold War as Tragedy, the Second as Farce

Karl Marx famously wrote in The Eighteenth Brumaire of Louis Napoleon that history repeats itself, “first as tragedy, then as farce.” The Cold War, waged between the United States and Soviet Union from 1945 until the latter's dissolution in 1991, was a great tragedy, resulting in millions of civilian deaths in proxy wars, and a destructive arms race that diverted money from social spending and nearly led to nuclear annihilation. The New Cold War between the United States and Russia is playing out as farce—a dangerous one at that. The Russians Are Coming, Again is a red flag to restore our historical consciousness about U.S.-Russian relations, and how denying this consciousness is leading to a repetition of past follies. | more…

Health Care Under the Knife: Moving Beyond Capitalism for Our Health

Forthcoming in March 2018

“I’ve still got my health so what do I care?” goes a lyric in an old Cole Porter song. Most of us, in fact, assume we can’t live full lives, or take on life’s challenges, without also assuming that we’re basically healthy and will be for the foreseeable future. But these days, our health and well-being are sorted through an ever-expanding, profit-seeking financial complex that monitors, controls, and commodifies our very existence. Given that our access to competent, affordable health care grows more precarious each day, the arrival of Health Care Under the Knife could not be more timely. In this empowering book, noted health-care professionals, scholars, and activists—including coordinator Howard Waitzkin—impart their inside knowledge of the medical system: what’s wrong, how it got this way, and what we can do to heal it. | more…

Monthly Review Volume 69, Number 9 (February 2018)

February 2018 (Volume 69, Number 9)

A recent article by the economist Riccardo Bellofiore includes a significant treatment of Paul Sweezy’s dynamic theory of monopoly capital. But the essay’s most noteworthy contributions, in our view, relate to Harry Magdoff and Sweezy’s role in the 1970s and ’80s in developing a theory of financialization, and what their analysis can tell us about our current situation. | more…

Mapuche Protest in Santiago, Chile

From Wallmapu to Nunatsiavut

The Criminalization of Indigenous Resistance

Indigenous peoples of the Americas are on the frontlines of resistance to the environmental and social costs of the unthinking drive for capital accumulation. From the United States and Canada to Brazil and Chile, that resistance has been met by state surveillance, repression, and criminalization. | more…

The propaganda model

The Propaganda Model Revisited

In Manufacturing Consent (1988), Noam Chomsky and I put forward a “propaganda model” as a framework for understanding how and why the mainstream U.S. media operate within restricted assumptions, depend uncritically on elite sources, and participate in propaganda campaigns helpful to elite interests. In this article I describe the model, address some of the criticism leveled against it, and discuss how it holds up today. | more…