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…
The most important principle of the monopoly capital tradition is that of “the present as history”—a focus on the historical specificity that separates the various modes, stages, and phases of production and accumulation, and its application to our understanding of the present. | more…
The United States was founded as an empire on conquered land, and firearms manufacturing was one of the country’s first successful modern industries. Gun proliferation and gun violence today are among its legacies. | more…
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…
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…
“Monopoly capital” is a term for the new form of capital, embodied in the modern giant corporation, that in the late nineteenth century began to displace the small family firm as the dominant economic unit, marking the end of the freely competitive stage of capitalism. | more…
István Mészáros, who died on October 1 at the age of eighty-six, was a leading Marxist theorist and a frequent contributor to MR. No political philosopher of our age has reached nearly so far in joining philosophy with political-economic critique, or in systematically addressing the question of the movement toward socialism. | more…
In the early years of the Cold War, the academic study of international relations was an ideological tool serving the foreign policy of the United States and its allies. But in the 1960s, a new generation of scholars began to challenge the reigning orthodoxy. | more…
Longtime readers of Monthly Review would likely agree that the world is a colder, darker place without Doug Dowd, economist, activist, writer, teacher, and friend. He was a rock-bottom radical, a measure of the very best in the human soul. | more…
The political ineffectuality of Marxism in the United States is the consequence most importantly of the nature and history of U.S. capitalism. But also important in explaining this feebleness is what Marxists have and have not done, who they are, and their “style.” | more…
Stephanie J. Urdang was born in Cape Town, South Africa, into a white, Jewish family staunchly opposed to the apartheid regime. In 1967, at the age of twenty-three, no longer able to tolerate the grotesque iniquities and oppression of apartheid, she chose exile and emigrated to the United States. There she embraced feminism, met anti-apartheid and solidarity movement activists, and encountered a particularly American brand of racial injustice. Urdang also met African revolutionaries such as Amilcar Cabral, who would influence her return to Africa and her subsequent journalism. In 1974, she trekked through the liberated zones of Guinea-Bissau during its war of independence; in the 1980’s, she returned repeatedly to Mozambique and saw how South Africa was fomenting a civil war aimed to destroy the newly independent country. From the vantage point of her activism in the United States, and from her travels in Africa, Urdang tracked and wrote about the slow, inexorable demise of apartheid that led to South Africa’s first democratic elections, when she could finally return home. | more…
Over the last three decades, Monthly Review has stood out as a major source of ecosocialist analysis. This has been especially evident in recent months, with the publication by Monthly Review Press of three pathbreaking books: Kohei Saito, Karl Marx’s Ecosocialism: Capital, Nature, and the Unfinished Critique of Political Economy; Ian Angus, A Redder Shade of Green: Intersections of Science and Socialism; and Fred Magdoff and Chris Williams, Creating an Ecological Society: Toward a Revolutionary Transformation. | more…