United States
Among the major countries of the world, the United States has the highest per capita income, and it is often assumed therefore that the ordinary American is materially better off than his or her counterpart anywhere else in the world. In fact, this proposition is practically taken for granted within U.S. national culture, since it is constantly being drummed into our ears by the media and educational institutions. Yet, as a logical proposition it is simply false. This was recently pointed out by Paul Krugman, a leading mainstream economist and columnist for the New York Times, in an article (“For Richer,” New York Times Magazine, October 20, 2002) dedicated to explaining exactly why this national myth is mistaken. “Life expectancy in the U.S.,” Krugman observes, “is well below that in Canada, Japan and every major nation in Western Europe. On the average, we can expect lives a bit shorter than those of Greeks, a bit longer than those of Portuguese. Male life expectancy is lower in the U.S. than it is in Costa Rica” | more…
On September 10, of this year, an interview entitled, “Nelson Mandela: The U.S.A. is a Threat to World Peace,” appeared as a Newsweek web exclusive, http://www.msnbc.com/news/806174.asp. In this interview, Mandela reviewed some of the history of U.S. interventions in the Middle East—including U.S. support of the Shah of Iran, which led to the Islamic revolution in 1979, and U.S. arming and financing of the mujahedin in Afghanistan, which led to the rise of the Taliban. He went on to say, “If you look at those matters, you will come to the conclusion that the attitude of the United States of America is a threat to world peace. Because what [America] is saying is that if you are afraid of a veto in the Security Council, you can go outside and take action and violate the sovereignty of other countries. That is the message they are sending the world. That must be condemned in the strongest terms.” Later, on September 16, when Washington condemned as mere duplicity Iraq’s offer to allow unconditional inspection of its weapons facilities by U.N. inspectors, and again threatened war, Mandela asked: “What right has Bush to say that Iraq’s offer is not genuine? We must condemn that very strongly. No country, however strong, is entitled to comment adversely in the way the U.S. has done. They think they’re the only power in the world. They’re not and they’re following a dangerous policy. One country wants to bully the world” (Guardian, September 19, 2002) | more…
Since the end of the Cold War, the idea of human rights has been made into a justification for intervention by the world’s leading economic and military powers—above all, the United States—in countries that are vulnerable to their attacks. The criteria for such intervention have become more arbitrary and self-serving, and their form more destructive, from Yugoslavia to Afghanistan to Iraq. Until the U.S. invasion of Iraq, the large parts of the left was often complicit in this ideology of intervention-discovering new “Hitlers” as the need arose, and denouncing antiwar arguments as appeasement on the model of Munich in 1938. | more…
In late August and early September a number of MR and Socialist Register authors (including Patrick Bond, John Bellamy Foster, Gerard Greenfield, Naomi Klein, and John Saul) participated in forums in Johannesburg related to the World Summit on Sustainable Development. On August 24, they joined in a march led by antiprivatization activists from the black townships (in particular by Trevor Ngwane and Virginia Setshedi—whose role in the struggle in South Africa is discussed in Ashwin Desai’s new MR Press book, We Are the Poors). The march was organized to protest the arrest and jailing of political activists. The marchers lit candles and proceeded peacefully but were met within minutes by the South African police who exploded percussion grenades, injuring three of the protestors. The harsh and unprovoked actions of the police on this occasion pointed to the increasingly antipopular character of the South African state, which is imposing neoliberal economic policy on the society. It also underscored the repressive measures now commonly utilized at world summits in general. We will address the Johannesburg summit and the economic and environmental problems of southern Africa in an upcoming issue of MR | more…
The growth and eventual bursting of financial bubbles is an inherent feature of capitalist accumulation, as can be seen in the long history of such crises from the South Sea Bubble of the early eighteenth century to the financial blowouts of the present day. In the first half of the summer a dramatic bubble-bursting decline in the U.S. and European stock exchanges wiped out the stock market gains of the previous five years—a period characterized by manic speculation | more…
Build It Now puts forward a clear and innovative vision of a socialist future, and at the same time shows how concrete steps can be taken to make that vision a reality. It shows how the understanding of capitalism can itself become a political act’a defense of the real needs of human beings against the ongoing advance of capitalist profit. | more…
Fifty-four years ago when MR was being planned, one of the questions that the editors, Leo Huberman and Paul Sweezy, had to decide was whether to have a section at the back of the magazine on literature and the arts, what in publisher’s parlance is called “the back of the book.” The MR editors decided not to do so, mainly for practical reasons. They did not feel that they had the necessary knowledge and training to do a good job editorially with such cultural material, and they felt sure that in the circumstances that the U.S. left then found itself they could not count on the support of enough serious socialist critics to sustain an arts section meeting the same standards as MR as a whole. In 1963, the first of these conditions changed temporarily, when Frances Kelly, who had been Business Manager of the New Left Review in London and whose special field of competence was the arts, came to work with the MR editors as Assistant and then Associate Editor. Under Frances Kelly’s editorship, MR published a cultural supplement called Review 1 as an experiment in 1965 | more…
The Cold War by Henry Heller is an account of global history since 1945, which ties together the narrative of the Cold War to that of neoliberalism and the new imperialism in ways that illuminate and clarify the dilemmas of the present moment. | more…
Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States—the most capitalist of countries—the market has always been subject to numerous constraints. | more…
This month marks the fiftieth anniversary of Monthly Review Press. The idea of starting a book publishing arm of MR had its origin in an accidental meeting in Central Park in 1951 between noted journalist I.F. Stone, then a reporter and columnist of the leftist New York Daily Compass, and MR editors Leo Huberman and Paul Sweezy. Stone told Huberman and Sweezy that he had written a book disputing the official history of the Korean War but had not been able to find a publisher in that era of fervent McCarthyism and war hysteria. They asked to see the manuscript, and on its strength decided to establish Monthly Review Press. The Hidden History of the Korean War, the very first book published by Monthly Review Press, was released in May 1952 | more…
During the Cold War years, mainstream commentators were quick to dismiss the idea that the United States was an imperialist power. Even when U.S. interventions led to the overthrow of popular governments, as in Iran, Guatemala, or the Congo, or wholesale war, as in Vietnam, this fiction remained intact. During the 1990s and especially since September 11, 2001, however, it has crumbled. Today, the need for American empire is openly proclaimed and defended by mainstream analysts and commentators. | more…
As this special issue on the economy goes to the printer, the business press is full of the news that a mild recovery from the recession that began in March 2001 may already be in the works, as was suggested by Federal Reserve Chairman Alan Greenspan in testimony to Congress in late February. Whether this should prove to be the case or not, it remains true that the long-term, deepening problems of the U.S. economy are for the most part ignored in such accounts, in favor of a short-run focus on an expected cyclical upswing. | more…