In January, with no public discussion and little fanfare, Washington began the first major extension of its “war on terrorism” beyond Afghanistan by sending U.S. troops into the Philippines. The contingent of nearly 700 troops, including 160 Special Forces soldiers, was sent to the Autonomous Region of Muslim Mindanao (ARMM), which consists of a number of islands and one major city, and is populated chiefly by a few million Moros (Muslim Filipinos). The mission of the U.S. forces has been to “assess” the military situation, provide military advice, and “train” the 7000 Philippine soldiers currently pursuing the guerrillas of the Abu Sayyaf Group (ASG) operating in the southern islands of Basilan and Jolo | more…
In this article we will argue that the Japanese economic crisis is connected to a process of oligopolistic accumulation and to Japan’s role as the regional economic hegemon in East Asia. The combination of these two factors generates a classic Baran-Sweezy-Magdoff perspective on the crisis in Japan | more…
If you read my article in full, it will take about an hour of your time. In this hour, fourteen more people will have died in Afghanistan of war and hunger and sixty others will have become refugees in other countries. This article is intended to describe the reasons for this mortality and emigration. If this bitter subject is irrelevant to your sweet life, please don’t read it. | more…
Hart-Landsberg and Burkett’s China and Socialism argues that market reforms in China are leading inexorably toward a capitalist and foreign-dominated development path, with enormous social and political costs, both domestically and internationally. The rapid economic growth that accompanied these market reforms have not been due to efficiency gains, but rather to deliberate erosion of the infrastructure that made possible a remarkable degree of equality. The transition to the market has been based on rising unemployment, intensified exploitation, declining health and education services, exploding government debt, and unstable prices. | more…
We’ve been discussing among ourselves exactly what we want to achieve with these Notes from the Editors, and our conclusion is that we want to leave the objectives of the Notes as open-ended as they always have been. Over the years, they have been everything from editorials about some pressing current event, to news about the MR community, or reflections on something we’ve read, including correspondence from our readers. What these all have in common is that they give us a chance to make more or less current comments on things that have happened or things we’ve been thinking about since the last issue. | more…
Two propositions dominated the Marxist perspective in most Asian countries during the period immediately following the Second World War. First, capitalism had entered the period of its “general crisis.” While not reducible to narrowly economic terms, this implied that economic progress would henceforth be stymied. Second, the kind of diffusion of industrial capitalism that had occurred from Britain to Europe, and then in the United States and other temperate regions of white settlement in the period leading up to the First World War, could not be expected to occur in the third world as well. It followed from these two propositions that the development of the Asian countries required their transition, through stages of democratic revolution, to socialism, and that the course of this transition would be made smoother when their proletarian comrades from the advanced countries marched to socialism as well, as they eventually would | more…
What’s the matter with Japan? According to today’s conventional wisdom—i.e., what we are told by the media and the syndicated pundits—almost everything. Its economy, the second largest in the world, is in a long-term crisis that affects on everyone else, most severely the United States, and it stubbornly refuses to do anything about it despite the friendly advice and frustrated pleas of its partners in the developed capitalist world. | more…
A striking feature of the mountain of talk about the Asian crisis is that its root cause is all too often ignored The focus of the media and the pundits is on weak banks, bad management, corrupt officials, heavy indebtedness, excess speculation, and the fragility of the financial markets. Typically, the disaster is viewed as a regional affair. A rare exception is the statement of Eisuke Sakakibara, Japan’s vice-minister for international finance: “This isn’t an Asian crisis. It is a crisis of global capitalism.” (Business Week, January 26, 1998) But he too was apparently thinking of financial markets, concerned with effects, not causes. | more…
Under the Raj explores the world of the prostitute, seeking to understand the culture of the trade and its impact on society, in the changing reality of nineteenth century Bengal. Sumanta Banerjee outlines the class structure that emerged within the profession, examines popular perceptions of prostitution and analyzes the complex relationship between the newly educated Bengali bhadralok society and the prostitute community. Banerjee gives voice to the prostitutes themselves, from which we hear their songs, letters, and writings, collected and reproduced from both oral tradition and printed sources. | more…
This historical work, released on the eve of the fiftieth anniversary of the Korean War, overturns the conventional wisdom on Korea. Official U.S. history portrays the Korean War as a notable example of America’s selfless commitment to democracy. According to Cold War history, South Korea emerged from the conflict to create a prosperous and dynamic economy, while U.S. troops served as the nation’s peacekeepers. This book, in a wide canvass of the historical background, contests those claims. | more…
After years of pro–market reforms, China faces a fundamental choice. Will it move toward private capitalism, or toward a renewal of the collective and socialist basis of its revolution? Red Cat, White Cat begins by examining the tensions growing within “market socialism.” Weil provides background on marketization, the class forces that produced it, and the polarization and social dislocation that it is generating. | more…
After thirty years of rapid economic growth, South Korea is widely promoted as demonstrating the superiority of free market capitalism. Along with Taiwan, Singapore, and Hong Kong, it is considered a great success story and model for third world development. | more…
