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March 2006 (Volume 57, Number 10)

Notes from the Editors

On January 19–23 the African session of the Polycentric World Social Forum— held separately in 2006 in Africa, Asia, and the Americas—took place in Bamako, Mali. On January 18–19 on the eve of the World Social Forum in Mali a group of around eighty antiglobalization political activists and intellectuals, including Marxist economists and organizers, met to conduct sessions independent of the World Social Forum itself, under the auspices of the Third World Forum, the World Forum for Alternatives, and the Forum for Another Mali. Samir Amin, director of the Third World Forum and author of the Review of the Month in this issue of MR was the leading organizer of the pre-WSF gathering, which he referred to as a “Peoples’ Bandung Conference” in honor of the recent fiftieth anniversary of the conference of nonaligned nations in Bandung, Indonesia in 1955 | more…

The Structural Crisis of Capital

The Structural Crisis of Capital

In this collection of trenchant essays and interviews, István Mészáros, the world’s preeminent Marxist philosopher and winner of the Libertador Award for Critical Thought (the Bolivar Prize) for 2008, lays bare the exploitative structure of modern capitalism. He argues with great power that the world’s economies are on a social and ecological precipice, and unless decisive radical action is taken soon to totally transform our economic system—from one based upon the blind pursuit of profit to one controlled by the workers themselves to not just satisfy our basic needs but to help each of us to develop our full potential as human beings—we will find ourselves thrust headfirst into barbarism and environmental catastrophe. | more…

Social Structure and Forms of Consciousness, Volume 1

Social Structure and Forms of Consciousness, Vol. I: The Social Determination of Method

This new work by the leading Marxian philosopher of our day is a milestone in human self-understanding. It focuses on the location where action emerges from freedom and necessity, the foundation of all social science.…Today, as never before, the investigation of the close relationship between social structure — defined by Marx as “arising from the life-process of definite individuals” — and the various forms of consciousness is particularly important. We can only perceive what is possible by first identifying the historical process that constrains consciousness itself, and therefore social action. | more…

Eurocentrism: Modernity, Religion, and Democracy: A Critique of Eurocentrism and Culturalism

Eurocentrism: Modernity, Religion, and Democracy: A Critique of Eurocentrism and Culturalism

Since its first publication twenty years ago, Eurocentrism has become a classic of radical thought. Written by one of the world’s foremost political economists, this original and provocative essay takes on one of the great “ideological deformations” of our time: Eurocentrism. Rejecting the dominant Eurocentric view of world history, which narrowly and incorrectly posits a progression from the Greek and Roman classical world to Christian feudalism and the European capitalist system, Amin presents a sweeping reinterpretation that emphasizes the crucial historical role played by the Arab Islamic world. Throughout the work, Amin addresses a broad set of concerns, ranging from the ideological nature of scholastic metaphysics to the meanings and shortcomings of contemporary Islamic fundamentalism. This second edition contains a new introduction and concluding chapter, both of which make the author’s arguments even more compelling. | more…

Marxism and Philosophy

Marxism and Philosophy

Marxism and Philosophy is Karl Korsch’s masterwork. In it he argues for a reexamination of the relationship between Marxist theory and bourgeois philosophy, and insists on the centrality of the Hegelian dialectic and a commitment to revolutionary praxis. Although widely attacked in its time, Marxism and Philosophy has attained a place among the most important works of twentieth-century Marxist theory, and continues to merit critical reappraisal from scholars and activists today. | more…

The ABCs of the Economic Crisis: What Working People Need to Know

The ABCs of the Economic Crisis: What Working People Need to Know

The economic crisis has created a host of problems for working people: collapsing wages, lost jobs, ruined pensions, and the anxiety that comes with not knowing what tomorrow will bring. Compounding all this is a lack of reliable information that speaks to the realities of workers. Commentators and pundits seem more confused than anyone, and economists—the so-called “experts”—still cling to bankrupt ideologies that failed to predict the crisis and offer nothing to explain it. | more…

July-August 2005 (Volume 57, Number 3)

Notes from the Editors

Even regular readers of Monthly Review may be unaware that the magazine appears in Spanish, Greek, and Indian editions. Moreover, a Turkish edition is currently in the works. Analytical Monthly Review (“AMR”), published from Kharagpur in West Bengal, reproduces monthly all (or nearly all) the contents of MR in English, together with editorial comment on matters of current interest in India. It is in its tenth year of publication. Supported by longtime friends of Monthly Review from all over India, it is available at a small fraction of the cost of the edition printed in the United States. From the early ’70s to the late ’80s editions of Monthly Review appeared in Spanish, Italian, and Greek (the Greek edition was founded by Andreas Papandreou before he became prime minister of Greece). A small but cheering sign of ebbing global counter-revolution is the reappearance in the last two years of Spanish and Greek editions. The Spanish edition of MRMonthly Review: Selecciones en castellano—published in Barcelona, appears twice a year with translations of selected articles. The Greek language Monthly Review translates several MR articles each month and also presents a range of political commentary of particular interest in Greece. In addition, they have released two books in their book-publishing arm, Monthly Review Imprint, one consisting mainly of Papandreou’s writings in MR and another on Is Iraq Another Vietnam?—also drawing on the magazine. The very first Turkish language edition of Monthly Review is scheduled to appear by the end of this year | more…

Approaching Socialism

Among the arguments against socialism is that it goes against human nature. “You can’t change human nature” is the frequently heard refrain. That may be true of basic human instincts such as the urge to obtain food to eat, reproduce, seek shelter, make and wear protective clothing. However, what has usually been referred to as “human nature” has changed a great deal during the long history of humankind. As social systems changed, many habits and behavioral traits also changed as people adapted to new social structures. Anatomically modern humans emerged some 150,000 to 200,000 years ago. Over the tens of thousands of years since, many different kinds of social organizations and societies have developed. Initially, most were based on hunting and gathering, while for about the last 7,000 years many have been based on agriculture. These societies were organized as clans, villages, tribes, city-states, nations, and/or empires | more…

What is Socialist Feminism?

At some level, perhaps not too well articulated, socialist feminism has been around for a long time. You are a woman in a capitalist society. You get pissed off: about the job, the bills, your husband (or ex), about the kids’ school, the housework, being pretty, not being pretty, being looked at, not being look at (and either way, not listened to), etc. If you think about all these things and how they fit together and what has to be changed, and then you look around for some words to hold all these thoughts together in abbreviated form, you’d almost have to come up with “socialist feminism.”  | more…

The Great Financial Crisis: Causes and Consequences

The Great Financial Crisis: Causes and Consequences

The bursting of the housing bubble and the ensuing financial debacle have left most people, including many economists and financial experts asking: Why did this happen? If they had been reading Monthly Review, and were familiar with such articles as “The Household Debt Bubble,” “The Explosion of Debt and Speculation,” and “The Financialization of Capitalism,” they would not have needed to ask. In their new book, The Great Financial Crisis: Causes and Consequences, Monthly Review editor John Bellamy Foster and long-time Monthly Review contributor, Fred Magdoff, update this analysis, exploring the whole course of what is now known as “the worst financial crisis since the Great Depression”: from the debt explosion and housing bubble to the subprime debacle and federal bailout. They argue that this latest financial crash, although greater than any since 1929, is itself a symptom of deeper problems connected to the stagnation of the “real” or productive economy of mature capitalism. Financial bubbles have become the chief means of countering stagnation, but these inevitably burst, bringing the underlying economic problems back to the surface. The only recourse of the system: new and bigger bubbles, leading, as they too pop, to still greater financial crises and worsening conditions of production—in what has now become a vicious cycle. | more…

The Challenge and Burden of Historical Time: Socialism in the Twenty First Century

The Challenge and Burden of Historical Time: Socialism in the Twenty First Century

A breakthrough in the development of socialist thought, The Challenge and Burden of Historical Time is both a companion volume to Mészáros’s seminal Beyond Capital and a major theoretical contribution in its own right. Mészáros, one of the foremost Marxist thinkers of our age, focuses on the tyranny of capital’s time imperative and the necessity of a new socialist time accountancy, and provides a strong refutation of the popular view that there is no alternative to the current neoliberal order. | more…