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…
There are two diametrically opposed conceptions of reading and dyslexia, each with loyal advocates. This analysis will clarify some of the important categories that are needed in order to participate knowledgeably and critically in current discussions about dyslexia.… The first conception is dyslexia as biological disease—medicalized dyslexia. By the medicalization of dyslexia is meant that dyslexia is considered to arise from a pathologic condition of the human brain and mind.… A very different conception of why some people fail to learn to read can be found in the transactional sociopsycholinguistic model of reading, whose most widely cited figure is educator Kenneth S. Goodman. Rather than looking inside the poor reader for the source of the problem, this model looks to the surrounding social context. | more…
Bill Ayers, Public Enemy: Confessions of an American Dissident (Boston: Beacon Press, 2013), 240 pages, $24.95, hardcover.
In this beautifully written memoir, Bill Ayers recounts his bizarre and unsettling experience as a “public enemy” during the 2008 presidential election. An unlikely grouping of right-wing web sites, Fox News, liberal foundations, George Stephanopolous, and even university faculty and presidents did their part to portray the then-Distinguished Professor of Education at the University of Illinois, Chicago as a veritable mad man, someone profoundly immoral whom any self-respecting public figure or institution should immediately disavow. This suggests the salience of two phenomena: first, the perennial appeal of demonizing the U.S. left (especially—but not only—its militant wing), and the ready availability of a variety of tropes to do so.… Second, the incidents reveal a dark region of U.S. political culture striving to influence the mainstream. Many Americans were unsettled at the prospect of a black president, and they have displayed their fears, hatreds, and anxieties in various ways ever since. | more…
Betty Medsger, The Burglary: The Discovery of J. Edgar Hoover’s Secret FBI (New York: Alfred A. Knopf, 2014), 544 pages, $29.95, hardcover.
Activists in the anti-war, civil rights, and New Left movements in the 1950s and ’60s were sure they and their organizations were being spied on by J. Edgar Hoover’s FBI. …. But there was little hard proof of a wider strategy to destroy deliberately entire organizations by the use of completely illegal methods. That was soon to change.… In late 1970 [William Davidon] recruited seven other anti-war activists, mostly pacifists, into a secret Citizens Committee to Investigate the FBI. On March 8, 1971, the night of the Mohammed-Ali-Joe Frazier heavyweight match, they broke into the unprotected offices of the FBI in Media, Pennsylvania and made off with all the files, on the assumption that they would find evidence of the FBI’s systematic spying on Americans. They had no idea that what they had in their hands would soon expose much more. | more…
