January 2021 (Volume 72, Number 8)
We are extremely pleased to announce that John Bellamy Foster, editor of Monthly Review, has won the prestigious Deutscher Memorial Prize for 2020 for his The Return of Nature: Socialism and Ecology. | more…
The Contagion of Capital
Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. | more…
The Continuing Korean War in the Murderous History of Bombing
The Korean War, which broke out on June 25, 1950, can be considered the epicenter of bombing as an instrument of war. For one, it was the first—and, so far, the last—time since 1945 that the United States seriously considered using atomic weapons during the course of an imperial war. It was the first war that the United States did not win. It ended in a stalemate—an armistice—that continues until today. Kinetic fighting was suspended, but the war continues (though only by one side) by what is conveniently but simplistically called sanctions. | more…
Disability and Welfare under Monopoly Capitalism
A historical-materialist analysis of the relationship between disability, the body, welfare, and capitalism is needed in order to further develop a Marxist understanding of disability. In this framework, we can see how the British welfare state, given recent changes to British disability policy, determines who is able-bodied and who is disabled, with this evaluation made in regard to the needs of monopoly capitalism. | more…
A Portrait of Gil Green
Gil Green was a revolutionary who became J. Edgar Hoover’s “most wanted man in America” until voluntarily surrendering to authorities in February 1956. He lived a life of integrity and courage. | more…
Fighting the “Immigrant Threat” Narrative
Ruth Milkman’s latest book is a strong scholarly response to the “immigrant threat” narrative that has been central to U.S. politics in the last decades. In Immigrant Labor and the New Precariat, the distinguished labor and migration scholar has a clear goal: to reframe the conversation about migration and increased inequality in the United States, reversing the causal relation that blames migration for the U.S. working class’s current perils. | more…
Standing with Standing Rock, Then and Now
The story of the Indigenous movement to stop the Dakota Access Pipeline in 2016 and 2017 has been the subject of numerous articles and documentaries, many of which depict it mainly as an environmental and climate justice campaign to stop the pipeline from crossing the Mni Sose (Missouri River), just north of the Standing Rock Sioux Reservation in North Dakota. Nick Estes and Jaskiran Dhillon’s edited collection Standing with Standing Rock tells a richer and more complex story of decolonization and indigenization from the frontlines. | more…
The great denial
A new poem by Marge Piercy. | more…
December 2020 (Volume 72, Number 7)
The United States is now in a New Cold War with Russia and China, with the focus increasingly on the latter and involving a direct challenge to U.S. hegemony over the world economy. | more…
The Return of Nature and Marx’s Ecology
In an interview with Alejandro Pedregal, John Bellamy Foster tells us about the paths great ecosocialist thinkers traveled, the most prominent debates in current Marxist ecological thought, and the urgent need for a project that transcends the conditions that threaten the existence of our planet today. | more…
The Elephant in the Room
European left parties have, over the last couple of decades, become increasingly critical of political developments in the European Union, particularly as a response to the austerity policies that followed the financial crisis of 2007–08 and the subsequent euro crisis. These were accompanied by high and sustained unemployment and promises of a social pillar that never materialized. Nevertheless, even if criticism of the European Union has sharpened, this has not been well reflected in the political strategies of the left. | more…
Paul Baran’s Economic Surplus Concept, the Baran Ratio, and the Decline of Feudalism
Recently published and estimated historical data illustrate that economic surplus declined during the thirteenth and fourteenth centuries in England, helping explain the “crisis of feudalism” that started in the thirteenth century. It was not until several centuries later, when capitalism became the dominant economic system, that the economic surplus began to rise on a consistent basis, due to the reinvestment of a portion of the surplus into productive activities, a greater ratio of capital income to rental income, and a greater ratio of investment to economic surplus. | more…
Decolonization in Practice
Fundamental to Kari Marie Norgaard’s Salmon and Acorns Feed Our People is the seizure of land most evident in the overtly violent era of state-sanctioned frontier genocide and forced relocation of the Karuk. Settler colonialism, Norgaard reminds us, is an ongoing state-led project up to this day—it is not just a moment relegated to the past and, thus, the inherent treatment of Native Americans as relics of U.S. history must be challenged. | more…