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The New Imperialism of Globalized Monopoly-Finance Capital

An Introduction

It is now a universal belief on the left that the world has entered a new imperialist phase.… The challenge for Marxian theories of the imperialist world system in our times is to capture the full depth and breadth of the classical accounts, while also addressing the historical specificity of the current global economy. It will be argued in this introduction (in line with the present issue as a whole) that what is widely referred to as neoliberal globalization in the twenty-first century is in fact a historical product of the shift to global monopoly-finance capital or what Samir Amin calls the imperialism of “generalized-monopoly capitalism.” | more…

Contemporary Imperialism

Lenin, Bukharin, Stalin, and Trotsky in Russia, as well as Mao, Zhou Enlai, and Den Xiaoping in China, shaped the history of the two great revolutions of the twentieth century. As leaders of revolutionary communist parties and then later as leaders of revolutionary states, they were confronted with the problems faced by a triumphant revolution in countries of peripheral capitalism and forced to “revise”…the theses inherited from the historical Marxism of the Second International.… With the benefit of hindsight, I will indicate here the limitations of their analyses. Lenin and Bukharin considered imperialism to be a new stage (“the highest”) of capitalism associated with the development of monopolies. I question this thesis and contend that historical capitalism has always been imperialist, in the sense that it has led to a polarization between centers and peripheries since its origin (the sixteenth century), which has only increased over the course of its later globalized development. | more…

Imperialism and Anti-Imperialism in Africa

When international media were broadcasting live video footage of Tunisians gathering in hundreds of thousands in front of the central office in Tunis of the long-terrifying ministry of home security, chanting in one voice “the people want to bring down the regime,” something had already changed: ordinary people realized they could make huge changes. Weeks later, the Egyptian uprising removed the Mubarak regime that had been entrenched in power for over thirty years…. The neoliberal forms of imperial rule that had destroyed the hopes of the liberation movements were under attack. In order to counter the possibilities for a massive breakthrough at the popular level, the Western forces mounted an invasion of Libya using the mantra of humanitarianism to disrupt, militarily, political and economic life in Africa. Later in collusion with the counter-revolutionary forces in the Egyptian military, Western imperialism sought to roll back the gains of people in the streets of Tunis and Cairo. | more…

Late Soviet Ecology and the Planetary Crisis

Soviet ecology presents us with an extraordinary set of historical ironies. On the one hand, the USSR in the 1930s and ’40s violently purged many of its leading ecological thinkers and seriously degraded its environment in the quest for rapid industrial expansion. The end result has often been described as a kind of “ecocide,” symbolized by the Chernobyl nuclear accident, the assault on Lake Baikal, and the drying up of the Aral Sea, as well as extremely high levels of air and water pollution. On the other hand, the Soviet Union developed some of the world’s most dialectical contributions to ecology, revolutionizing science in fields such as climatology, while also introducing pioneering forms of conservation. Aside from its famous zapovedniki, or nature reserves for scientific research, it sought to preserve and even to expand its forests. | more…

Marx on the Camino de Santiago

Meaning, Work, and Crisis

When I walked the thousand-year-old route of the Camino de Santiago in northern Spain in September and October 2014, I expected to discuss questions of health with fellow travelers. I assumed that an ancient pilgrimage would be full of walkers pondering health issues and would provide an ethnographer’s panacea for “getting in.” I was wrong. I was surrounded by walkers from all parts of Europe, but they were pondering the meaning of work, capitalism, and their lives. I found I was seeing a profound crisis of capitalism and individuals struggling with alienated labor as discussed by Karl Marx.… [W]hat I saw on the Camino de Santiago was certainly not a revolutionary movement. Envisioning satisfying work, however, helps change the shared conception of what work is. Raul Zibechi argued that as we struggle both individually or collectively, we engage in an emancipatory process that, as the Zapatista’s Subcomandante Marcos notes, “builds, includes, brings together and remembers whereas the system, separates, splits and fragments.”… Awareness of alienated labor and struggle against crisis, whether individual or collective, does seem to create imaginative space for change even if it does not necessarily reflect what has been thought of as revolutionary struggle. | more…

The Nonprofit-Corporate Complex

An Integral Component and Driving Force of Imperialism in the Phase of Monopoly-Finance Capitalism

According to Michał Kalecki, the imperialist system of the Keynesian era rested on a triangular structure that was composed of (a) state-financed military production (i.e., the military-corporate complex, often called the “military-industrial complex”), (b) media propaganda (media-corporate complex), and (c) a putative full-employment/welfare-oriented superstructure (Keynesianism) underpinned by the war machine, serving to justify it. Building on Kalecki’s work, John Bellamy Foster, Hannah Holleman, and Robert W. McChesney provided an updated version of the theory of imperialism of the monopoly-capital tradition by laying emphasis on the primary role of the above triangle in the restructuring and preservation of the contemporary imperialist system.. Expanding on their work, I argue that one of the most significant changes in the triangular structure of contemporary imperialism is in its third pillar, particularly with the abandonment of the welfare-oriented paradigm and the adoption of the neoliberal globalization project. | more…

The Nazi Threat in the United States

Imported or Homegrown?

Eric Lichtblau, The Nazis Next Door: How America Became A Safe Haven for Hitler’s Men (Boston: Houghton-Mifflin, 2014), 256 pages, $28.00, hardcover.

Fascism has come full circle…. The main sponsor of this regime this time is not Nazi Germany but Washington…. U.S. military adventures in the Middle East and Africa [and the] [r]esort to imperialist wars abroad also reflects growing social polarization at home, the hollowing out of U.S. liberal democracy as a result of the power of money, the gigantic expansion of the security and surveillance state, the spread of armed vigilantism, the intensification of racism, and the militarization of the U.S. police.… What we are likely witnessing is a situation in which it is no longer possible for the capitalist class in crisis to rule the people of the United States in the old way. A process is underway that involves the withering away of liberal democracy and the arrival of a not-so-friendly fascist order meant to bolster capitalism through a resort to authoritarian discipline. How far this process goes depends on political events and the effects of the ongoing economic crisis on public consciousness. | more…

Cricket and Revolutions

C.L.R. James's Early British Years

Christian Høgsbjerg, C.L.R. James in Imperial Britain (Durham: Duke University Press, 2014), 294 pages, $24.95, softcover.

The London Times once referred to the famed Trinidad-born C.L.R. James as a “Black Plato.” When asked about the phrase, James elliptically deflected it with a graciousness that should be noted, but the problems with being able to conceive of black intellect only within parallels within Western thought could take up pages. Christian Høgsbjerg’s new biography of James focuses on his first years in Britain, from 1932 to 1938, and skillfully avoids either fetishizing his subject or reducing him to a glorious “black brain.” The result is a riveting history that is bound to awaken the interest of those unfamiliar with him and add a dimension to what others already know of his life and work. | more…

Reconstructing Lenin: An Intellectual Biography

Reconstructing Lenin: An Intellectual Biography

Vladimir Ilyich Lenin is among the most enigmatic and influential figures of the twentieth century. While his life and work are crucial to any understanding of modern history and the socialist movement, generations of writers on the left and the right have seen fit to embalm him endlessly with superficial analysis or dreary dogma. Now, after the fall of the Soviet Union and “actually-existing” socialism, it is possible to consider Lenin afresh, with sober senses trained on his historical context and how it shaped his theoretical and political contributions. Reconstructing Lenin, four decades in the making and now available in English for the first time, is an attempt to do just that. | more…

Neoliberal Co-optation of Leading Co-op Organizations, and a Socialist Counter-Politics of Cooperation

Many people think of cooperatives as small, locally owned businesses, such as groceries, cafes, or bicycle shops, where people can work in an equal and participatory non-capitalist organization. In reality, the U.S. co-op movement is tied to federal agencies whose agenda is promoting neoliberalism, both domestically and abroad, and the co-op movement itself has neoliberal leaders. Many co-ops in name are profit-driven capitalist corporations in practice. And even in the abstract, the co-op principles of smaller co-ops enable neoliberal cooperative politics. All of this, however, raises the question of what a co-op based on socialist values would be, and China’s Nanjie village provides a living example of that. | more…

The Struggle for Scotland’s Future

Chris Bambery’s splendid People’s History builds upon the scholarly work of others across several generations…. In Bambery’s careful telling, the decisive moment in anything like modern Scottish history comes several hundred years ago. The Scots’ real capitalism spread through the savage process of depopulation that Marx described so brilliantly in Capital: enclosure. Over extended decades, thousands of historic villages were literally emptied, so much so that remnants of crude huts can still be found in areas that have fewer inhabitants than sheep. The distinct language, created over thousands of years and retained with great effort in Wales, and with less effort in the rural districts of Ireland, did not need to be crudely suppressed here: the victims, pushed into the cities when not driven to early deaths, seem to have lost everything in this later period but their colorful, characteristic Scottish accents. | more…

Monthly Review Volume 66, Number 7 (January 2015)

January 2015 (Volume 66, Number 8)

Notes from the Editors

The publication of socialist books in the United States has always encountered serious institutional obstacles. This can be seen in the enormous hurdles that stood in the way of the successful publication 130 years ago of the English translation of Engels’s The Condition of the Working Class in England (1845)—today recognized as the classic account of the impact of the Industrial Revolution on workers. In 1885 Florence Kelley (-Wischnewetzky), the daughter of William D. Kelley, a U.S. Congressman and supporter of Lincoln, translated Engels’s book into English. Her initial plan was to publish the translation in the United States with the respected publishing firm of G.P. Putnam & Co. However, Putnam declined to publish it on the grounds that the book was outdated…and did not apply to U.S. industrialization, where such conditions of class exploitation were supposedly absent.… It is owing to these difficulties, associated with the U.S. publication of his book, that we have the benefit of some of Engels’s more important comments regarding the problem of publishing socialist works in a capitalist society. | more…

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