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Monthly Review Volume 73, Number 4 (September 2021)

September 2021 (Volume 73, Number 4)

In 2004, Washington launched a whole new strategy of financial war, based on the role of the U.S. dollar as the hegemonic foreign-exchange currency, to cut off the economic circulation of targeted states. The United States has created, as part of its “rules-based international order,” a coercive global framework extending U.S. financial jurisdiction to every country, economic entity, and person engaged at any point in U.S. dollar transactions anywhere in the world. | more…

The bookstore La joie de lire, rue Saint-Séverin, started by François Maspero in 1956

Cooperation Has a Meaning: François Maspero and Monthly Review

In 1970, the French left-wing filmmaker Chris Marker made a twenty-minute documentary about the French left-wing publisher François Maspero. Fleetingly, we catch a glimpse of two publications pinned side by side on one wall, seemingly granted special placement: a copy of The Black Panther newspaper and a Monthly Review. Hardly surprising is this prominence: Maspero’s relationship with Monthly Review was always fraternal, both interfaced with one another, shared lists. Together, they helped define what that New in the Left would mean. | more…

Extraordinary Threat: The U.S. Empire, the Media, and Twenty Years of Coup Attempts in Venezuela

Forthcoming in June 2021

In March 2015, President Obama initiated sanctions against Venezuela, declaring a “national emergency with respect to the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the situation in Venezuela.” Each year, the U.S. administration has repeated this claim. But, as Joe Emersberger and Justin Podur ague in their timely book, Extraordinary Threat, the opposite is true: It is the U.S. policy of regime change in Venezuela that constitutes an “extraordinary threat” to Venezuelans. Tens of thousands of Venezuelans continue to die because of these ever-tightening U.S. sanctions, denying people daily food, medicine, and fuel. On top of this, Venezuela has, since 2002, been subjected to repeated coup attempts by U.S.-backed forces. In Extraordinary Threat, Emersberger and Podur tell the story of six coup attempts against Venezuela. | more…

US-China competition can avoid confrontation

The New Cold War on China

The imperialist world system, crowned by U.S. hegemony, is now threatened by China’s seemingly inexorable rise and pursuit of its own distinctive sovereign project. In this respect, the Trump administration’s prosecution of a New Cold War on China was no anomaly, but rather the inevitable U.S. response to China’s rise and the end of Washington’s unipolar moment. The Biden administration has made it clear that it not only intends to continue the New Cold War, but to accelerate it. | more…

CHINA THREAT by Luo Jie

China and the American Lake

U.S. fantasies of expansion, commercial dominion, and military prowess have long hinged on a premise of Pacific exceptionalism. Couched in the millenarian language of manifest destiny, the Pacific region and its multitudinous ecosystems, cultures, peoples, and nations have been vacated in favor of an aqua nullius that frames the region as an empty space designated for U.S. possession by divine providence. | more…

5G technology booth

The Political Economy of the U.S.-China Technology War

One of the key components of U.S.-China strategic competition is the technology war, the essence and implications of which can be further understood in the broader context of the international division of labor and the two countries’ internal contradictions. From this front, we can decipher the antagonism between different classes/groups within and across the two countries. | more…

Inside the Overseas Chinese Museum of China

Can the Chinese Diaspora Speak?

The Chinese diaspora is compelled either to prostrate to an edifying project of assimilation to U.S. liberal democracy, or be branded as illiberal “Red Guards” unfit for serious political discourse. This discursive context has long mobilized overseas Chinese to affirm the universalism of Western liberalism in opposition to a Chinese despotism defined either by dynastic backwardness or communist depravity. Can overseas Chinese speak for themselves in the face of the West’s “hegemonic right to knowledge?” Or will all such speech that challenges U.S. presuppositions of liberal selfhood and Chinese despotism simply be tuned out as illiberal noise? | more…

Monthly Review Volume 73, Number 2 (June 2021)

June 2021 (Volume 73, Number 2)

Where capitalism itself is concerned, the dominant view is that the COVID-19 crisis constitutes a rare, unpredictable, and unlikely to be repeated occurrence. The world capitalist economy, we are informed, was fundamentally sound prior to the advent of this unforeseen exogenous shock, and it will revive quickly once the SARS-CoV-2 virus is under control. This received view, however, is incorrect on all counts. | more…