June 2002 (Volume 54, Number 2)
By The Editors
In the May issue of MR, we published an article by James Petras, written in March, entitled “The U.S. Offensive in Latin America.” The article raised the issue of an impending military coup in Venezuela, then being actively promoted by Washington, aimed at replacing the democratically elected president Hugo Chávez with what the Bush administration had already been publicly calling a “transitional government” (or, as Petras termed it, a “transitional civic-military junta”). “Washington,” Petras wrote, “is implementing a civil-military approach to overthrow President Chávez in Venezuela….U.S. strategy is multiphased and combines media, civic, and economic attacks with efforts to provoke fissures in the military, all aimed at encouraging a military coup.” The object of the coup, from Washington’s standpoint, was threefold: to regain control of Venezuela’s oil industry which accounts for 15 percent of U.S. oil imports, to eliminate the indirect support that Venezuela has been giving to guerrillas in Colombia and to insurgent forces in Ecuador, and to put an end to Chávez’s attempt to break away from the imperialistic network—Venezuela’s step toward independence | more…
Social Justice and Globalization: Are they Compatible?
By Sam Gindin
In a speech in 1999, Henry Kissinger, secretary of state under Presidents Nixon and Ford, candidly remarked that “globalization” is another term for U.S. domination.1 Such clarity tends, in itself, to negatively answer the question posed in the title of this talk. How can anyone argue that U.S. domination—or using the less polite term, “U.S. imperialism”—is compatible with social justice? | more…
Violence as a Tool of Order and Change
By Leo Panitch
September 11, it is said, has changed everything. However true or not this may be—and I tend to think that it is not very true at all—one thing it certainly should have changed is the loose manner in which the adjective “violent” has been appended to recent antiglobalization protests. Especially for a conference such as this one—conceived in the wake of the Québec City events of last year and designed to shed light on the nature of the challenge posed to capitalist democracies by the new antiglobalization movement—the horrific and deadly terrorist attack on New York and Washington, D.C., and the scale of state violence unleashed—literally from on high—by the war on terrorism, certainly put this loose usage in stark perspective | more…
Between Barbarism and a Solar Transition
By Jay M. Gould
John Bellamy Foster’s brilliant review, “Monopoly Capital and the New Globalization” (Monthly Review, January 2002), demonstrates how monopoly capitalism has reached its current crisis, one in which all the contradictions of imperialist domination and the worldwide lack of effective demand are now leading toward the stark choice between a “deadly barbarism or a humane socialism” | more…
The Long March Goes On
By Yuanxi Ma
Helen Praeger Young, Choosing Revolution: Chinese Women Soldiers on the Long March (Urbana and Chicago: University of Illinois Press, 2001) 282 pages, $35, hardcover.
Coming of age in the new China, I heard and read abundant stories about the 25,000 li Long March. Films, plays, and operas during the first two decades of the People’s Republic showed the heroic deeds performed by the Red Army soldiers as well as the bravery and tenacity they displayed in their fight against the Nationalist enemy, local despots and bandits, and in overcoming the unimaginable hardships on the march, especially when they crossed the grasslands and climbed over the snow mountains. Those are great stories, touching, inspiring, and educating. Yet, they sometimes seem so far away and unattainable | more…
May 2002 (Volume 54, Number 1)
By The Editors
This month marks the fiftieth anniversary of Monthly Review Press. The idea of starting a book publishing arm of MR had its origin in an accidental meeting in Central Park in 1951 between noted journalist I.F. Stone, then a reporter and columnist of the leftist New York Daily Compass, and MR editors Leo Huberman and Paul Sweezy. Stone told Huberman and Sweezy that he had written a book disputing the official history of the Korean War but had not been able to find a publisher in that era of fervent McCarthyism and war hysteria. They asked to see the manuscript, and on its strength decided to establish Monthly Review Press. The Hidden History of the Korean War, the very first book published by Monthly Review Press, was released in May 1952 | more…
Upton Sinclair and the Contradictions of Capitalist Journalism
By Ben Scott
Beginning in the 1980s, there was a significant increase in awareness of the deep flaws of mainstream journalism among those on the U.S. left. Writers such as Todd Gitlin, Herbert Schiller, Gaye Tuchman, Ben Bagdikian, and Michael Parenti, each in his or her own way, drew attention to the incompatibility between a corporate run news media and an ostensibly democratic society. The work of Edward S. Herman and Noam Chomsky, in particular, introduced an entire generation of progressives to a critical position regarding mainstream journalism. As the title of their masterful Manufacturing Consent indicated, the capitalist news media are far more about generating support for elite policies than they are about empowering people to make informed political decisions | more…
U.S. Offensive in Latin America
By James Petras
The worldwide U.S. military-political offensive is manifest in multiple contexts in Latin America. The U.S. offensive aims to prop up decaying client regimes, destabilize independent regimes, pressure the center-left to move to the right, and destroy or isolate the burgeoning popular movements challenging the U.S. empire and its clients. We will discuss the particular forms of the U.S. offensive in each country, and then explore the specific and general reasons for the offensive in contemporary Latin America. In the concluding section we will discuss the political alternatives in the context of the U.S. offensive | more…
Zimbabwe, South Africa, and the Power Politics of Bourgeois Democracy
By Patrick Bond
Since February 2000, when president Robert Mugabe suffered his first-ever national electoral defeat—over a proposed new constitution—Zimbabwe has witnessed confusing debilitating political turmoil. A decade of economic decline, characteristic of the imposition of structural adjustment across Africa, preceded the rise of the opposition Movement for Democratic Change (MDC). Standards of living had crashed during the 1990s, the state withdrew—or priced at prohibitive levels—many social services, and the economy deindustrialized. State and private sector corruption were rife | more…
April 2002 (Volume 53, Number 11)
By The Editors
As this special issue on the economy goes to the printer, the business press is full of the news that a mild recovery from the recession that began in March 2001 may already be in the works, as was suggested by Federal Reserve Chairman Alan Greenspan in testimony to Congress in late February. Whether this should prove to be the case or not, it remains true that the long-term, deepening problems of the U.S. economy are for the most part ignored in such accounts, in favor of a short-run focus on an expected cyclical upswing. | more…
The New Face of Capitalism: Slow Growth, Excess Capital, and a Mountain of Debt
For a long time now, the U.S. economy and the economies of the advanced capitalist world as a whole have been experiencing a slowdown in economic growth relative to the quarter-century following the Second World War. It is true that there have been cyclical upswings and long expansions that have been touted as full-fledged “economic booms” in this period, but the slowdown in the rate of growth of the economy has continued over the decades. Grasping this fact is crucial if one is to understand the continual economic restructuring over the last three decades, the rapidly worsening conditions in much of the underdeveloped world to which the crisis has been exported, and the larger significance of the present cyclical downturn of world capitalism | more…
The Argentine Crisis
Historically, monetary crises have been related to hyperinflation, from which Argentina has often suffered. Hyperinflation is generally viewed as a calamity leading to the destruction of the capitalist monetary system of circulation. In the present Argentine crisis, however, there has been a complete implosion of economic and monetary relations due to hyperdeflation. This is the strangulation of the economy by the requirement to pay an unsustainable debt | more…
Argentina: An Alternative Proposal to Overcome the Crisis
By Luis Becerra
Against the background of Argentina’s dramatic economic downfall, a meeting was held in January 2002 at the Faculty of Economic Sciences of the University of Buenos Aires. The focus of the meeting was the need to work on alternative proposals to deal with the crisis | more…