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"Dollar hegemony" by Luo Jie for China Daily

Five Characteristics of Neoimperialism

Building on Lenin's Theory of Imperialism in the Twenty-First Century

Neoimperialism, the specific contemporary phase of historical development, can be summed up on the basis of five key features: the new monopoly of production and circulation; the new monopoly of finance capital; the monopoly of the U.S. dollar and intellectual property; the new monopoly of the international oligarchic alliance; and the economic essence and general trend. | more…

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Illustration of the Paris Commune from Cassell's History of England

The Paris Commune: Marx, Mao, Tomorrow

Today the political visibility of the Paris Commune is not at all evident. At least, that is, if what we mean by “today” is the moment when we have to take up the challenge of thinking politics outside its subjection to the state and outside the framework of parties or party.… And yet the Commune was a political sequence that, precisely, did not situate itself in such a subjection or in such a framework. [To tackle] the political facts and determinations of the Commune…[it is necessary to utilize] a completely different method…[than that of the classical interpretation]. | more…

Monthly Review Volume 72, Number 11 (April 2021)

April 2021 (Volume 72, Number 11)

Many factors are involved in COVID-19 mortality rates. Nevertheless, it is clear that the more socialist-oriented countries—by prioritizing social needs and public health, plus aggressive testing, tracing, and enlisting the aid of their populations—have generally been more effective in limiting the effects of the disease on their societies. The failure of the wealthier capitalist countries to do so is largely a result of their prioritization of profits over people. | more…

Marx in Motion: A New Materialist Marxism by Thomas Nail

What Sort of Kinetic Materialism Did Marx Find in Epicurus?

In his Theses on Feuerbach, Karl Marx suggests that the main flaw of all previous materialism has been to uncritically accept and champion a notion of matter that has its proper place in a dualistic framework, where matter is passive and the mind is active. If this is so, true materialism will conceive of matter as an active principle, and of material beings as perfectly capable of conscious sensation and agency. | more…

The Foreign Minister of Ecuador, Ricardo Patiño, participated in the commemoration of the death of Commander Hugo Chávez Frías

Socialist Practice and Transition

In Socialist Practice, a collection of essays on leftist theory and experiences, Victor Wallis adheres to the view that the achievement of socialism is a drawn out, nonlinear process consisting of episodes that in many cases have a mixed impact on the revolutionary cause. He analyzes several, ranging from the seven decades of Soviet rule to the New Left of the 1960s. His main thesis is that over the last century pure socialism has never existed and that on all fronts socialist movements and governments have contained elements of the old—namely, capitalism. | more…

Sensing Injustice: A Lawyer's Life in the Battle for Change

Sensing Injustice: A Lawyer’s Life in the Battle for Change (FREE eBook!)

By the time he was 26, Michael Tigar was a legend in legal circles well before he would take on some of the highest-profile cases of his generation. In his first U.S. Supreme Court case—at the age of 28—Tigar won a unanimous victory that freed thousands of Vietnam War resisters from prison. A relentless fighter of injustice—not only as a human rights lawyer, but also as a teacher, scholar, journalist, playwright, and comrade—Tigar has been counsel to Angela Davis, Jamil Abdullah Al-Amin (H. Rap Brown), the Chicago Eight, and leaders of the Black Panther Party, to name only a few. It is past time that Michael Tigar wrote his memoir. | more…

Capital and Imperialism: Theory, History, and the Present

Those who control the world’s commanding economic heights, buttressed by the theories of mainstream economists, presume that capitalism is a self-contained and self-generating system. Nothing could be further from the truth. In this pathbreaking book—winner of the Paul A. Baran-Paul M. Sweezy Memorial Award—radical political economists Utsa Patnaik and Prabhat Patnaik argue that the accumulation of capital has always required the taking of land, raw materials, and bodies from noncapitalist modes of production. They begin with a thorough debunking of mainstream economics. Then, looking at the history of capitalism, from the beginnings of colonialism half a millennium ago to today’s neoliberal regimes, they discover that, over the long haul, capitalism, in order to exist, must metastasize itself in the practice of imperialism and the immiseration of countless people. | more…

Stuttgart Congress of the Second International 1907

The Ideology of Late Imperialism

The Return of the Geopolitics of the Second International

In 1990, when renowned Indian Marxian economist Prabhat Patnaik asked “Whatever Happened to Imperialism?,” once vibrant and influential schools of theories on imperialism were at a postwar historic low. When he left the West to return to India in 1974, imperialism was at the center of all Marxist discussions. But when he came back to the West merely fifteen years later, imperialism already seemed out of fashion. The retreat from the question of imperialism has marked a return of what we can call Second International politics. | more…

Paramedics take a patient into emergency center at Maimonides Medical Center during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City, New York, April 7, 2020

Racial Capitalism and COVID-19

The COVID-19 pandemic has brought into sharp relief the deep structural problems affecting nonwhite racialized workers in the core and periphery. Yet, many social scientific analyses of the global political economy, at least in the pre-COVID era, are race neutral or willfully indifferent to the persistent racial pattern of global inequalities. Even if they do address legacies of colonialism, they ignore the ongoing racial logics of oppression embedded therein. | more…

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