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…
In 1969, Ferdinand Marcos won a second term as president, in one of the dirtiest campaigns in Philippine history. That same year, Edgar Jopson was elected president of the National Union of Students of the Philippines, in a campaign to keep the Communists out of the student movement. Thirteen years later Jopson was gunned down by the military during a raid on an underground safe house. He was by then one of the most wanted people in the country, with a price on his head, a leading Communist Party cadre and member of the urban underground. | more…
The Great Reversal is the first critical study of the widely heralded reforms currently transforming China’s economy. From his long experience in Chinese agriculture, Hinton first examines the course of agricultural reform over the past decade, then looks at its consequences in different areas of the countryside and considers its implications for the country as a whole. He raises troubling questions about China’s capitalist future—the growing landlessness, increasing inequality, and above all, the destruction of the nation’s natural resources and the collectively built infrastructure that was the great achievement of the revolution. In so doing he sheds new light on the sources of discontent behind the demonstrations that culminated in the Tiananmen massacre of June 1989. | more…
[Britannica’s revisionist] distortions of the history of the Vietnamese struggle are just as radical and just as misleading [as those about the Soviet Union]. Here we may draw some valuable lessons about the hidden content of form: how apparently neutral principles of organization may shape meaning. | more…
“Mukherjee, a painstaking scholar and himself an Indian known for his numerous serious studies of Indian society and anthropology, has written here a colorful and important work on the Company, whose rise and fall constituted a classic episode in the history of capitalism and British colonialism. His… book is distinguished from most on the subject by its richly documented focus on social forces, Indian and British, that shaped the Company’s rise — and by some vivid descriptions of the impact of the Company’s long rule on the lives of the people both in India and England.” — Publishers Weekly | more…
