Reconstructing Marx’s Critique of Political Economy from His London Notebooks
Lucia Pradella, Globalization and the Critique of Political Economy: New Insights from Marx’s Writings (London: Routledge, 2015), 218 pages, $160, hardback.
In 2012, the second section of the new historical-critical edition of Marx and Engels’s complete writings, the Marx-Engels-Gesamtausgabe (MEGA), was finally completed, and all the editions and manuscripts of Capital became available in order to trace Marx’s own theoretical development and Engels’s editorial works. The remaining three sections are, however, only halfway completed, and it will likely take at least another twenty years before all the work is finished.… What is more, a great number of them are Marx’s journal fragments and excerpts, which have not yet been published in any language. In this sense, the distinct importance of continuing the MEGA project is the further publication of these unknown notebooks, which promise to reveal Marx’s unfinished undertaking, the critique of political economy.… It is therefore no coincidence that a new trend has emerged in the last few years of scholars studying Marx’s notebooks. Works like Kevin Anderson’s Marx at the Margins, Heather Brown’s Marx on Gender, and my own article on Liebig in Monthly Review have shown the underestimated theoretical dimensions of anti-colonialism, gender, and ecology in Marx’s thought. | more…
November 2015 (Volume 67, Number 6)
To understand why the Middle East is now in shambles, with the United States currently involved simultaneously in wars against both the Assad government in Syria and the Islamic State in Iraq, generating the greatest refugee crisis in Europe since the Second World War, it is necessary to go back almost a quarter-century to the 1991 Persian Gulf War. The Gulf War, unleashed by the United States in response to Iraq’s invasion of Kuwait, was made possible by the growing disorder in the USSR followed by its demise later that same year. The USSR’s disappearance from the world stage allowed the United States to shift to a naked imperialist stance—though justified in the manner of the colonial empires of old as “anti-terrorism” and “humanitarian intervention”—not only in the Middle East, but also along the entire great arc that had constituted the perimeter of the former Soviet Union. | more…
The Great Capitalist Climacteric
Humanity today is confronted with what might be called the Great Capitalist Climacteric. In the standard definition, a climacteric (from the Greek klimaktēr or rung on the ladder) is a period of critical transition or a turning point in the life of an individual or a whole society. From a social standpoint, it raises issues of historical transformation in the face of changing conditions. In the 1980s environmental geographers Ian Burton and Robert Kates referred to “the Great Climacteric” to address what they saw as the developing global ecological problem of the limits to growth…. I will use the term the Great Capitalist Climacteric here to refer to the necessary epochal social transition associated with the current planetary emergency. It refers both to the objective necessity of a shift to a sustainable society and to the threat to the existence of Homo sapiens (as well as numerous other species) if the logic of capital accumulation is allowed to continue dictating to society as a whole. The current world of business as usual is marked by rapid climate change, but also by the crossing or impending crossing of numerous other planetary boundaries that define “a safe operating space for humanity.” | more…
Whither Japan? Seven Decades After Defeat
The hard-won lessons of Japan’s wartime defeat are enshrined in its National Constitution and Article 9 in particular.… For the past seventy years, Article 9 remained a fundamental principle of Japanese diplomacy, undergirded by memories of the Asia-Pacific War and the U.S. occupation, buttressed by important revisionist histories of Japanese imperialism. A politically recovered, economically restored Japanese populace still appreciates the Constitution and the relevance of Article 9. But conservative politicians who never believed in the Constitution’s ideals repeatedly challenged and worked around Article 9 despite the majority’s support for it.… Today, once again, Article 9 stands in danger of abandonment by interpretation rather than revision by constitutional processes. | more…
Wars Past and Wars to Come
With the collapse of the Soviet Union and the end of the Cold War, elements within the U.S. ruling class came to believe that their country was militarily invincible. Indeed, they believed this newfound military superiority over any potential rival was something new in human history. So great was its technological advantage, the United States could destroy its enemies with complete impunity. A long-heralded Revolution in Military Affairs was taking place, enabling the United States to reshape the world. New smart technologies would disperse the “fog of war,” making it possible for the United States to kill its enemies without their being able to strike back, and the “Vietnam syndrome” could be overcome once and for all.… Even so, at this point in time, the U.S. government proceeded with considerable caution. The then-secretary of defense, Dick Cheney no less, made clear that the United States did not invade and occupy Iraq at this time because of the danger of finding itself in a “quagmire” where it would be taking casualties while the Kurds, the Shia, and the Sunnis fought it out. The administration decided not to involve itself in “that civil war.” Such a commitment would have had to involve the use of “overwhelming force” for an extended period if it was to have any chance of success. This was in 1991. Ten years later such caution had been replaced by an overweening self-confidence, by a belief that the United States could completely reshape the Middle East, starting with Iraq, and then moving on to Syria and Iran. And, moreover, this could all be achieved with a comparatively small invading and occupying army. | more…
Baran and Sweezy’s Monopoly Capital, Then and Now
Monopoly Capital was the principal Marxian, and indeed radical, political-economic work to be published in the 1960s, written by the two most prestigious Marxian economists in the United States and perhaps globally. It grew out of the critique of militarism and imperialism and economic waste as much as out of economic crisis. It was one of the first major works to focus on multinational corporations. Its final chapter emphasized the “irrational system” and was influenced by [Paul] Baran’s early background with the Institute for Social Research in Frankfurt. All of this made it extremely influential with the New Left in the United States, particularly its more radical, socialist wing. A good indication of this is Assar Lindbeck’s 1971 mainstream attack on what he called The Political Economy of the New Left, which focused almost entirely on Monopoly Capital. | more…
From Incarceration to Decarceration
Maya Schenwar, Locked Down, Locked Out (San Francisco: Barrett-Koehler Publishers, 2014), 228 pages, $18.95, softcover.
Prison justice issues are garnering more public exposure today than ever before. In June 2012, the United States Senate held its first hearing on solitary confinement, the second in February 2014. This past fall, the New York Times ran a series of prominent exposés on conditions on Rikers Island that resulted in substantive shifts in staffing and conditions. Even the immense success of the TV show Orange Is the New Black suggests that what happens to people locked up is no longer a fringe issue, but part of our public consciousness.… Yet there are so many contradictions bound up in the way we talk about prisons. Solitary confinement is torture for children, but not for terrorists; the death penalty is unjust, but locking people up for life is not; “inmates” are terrifying beings, except the ones who look or speak like us. Therefore, for many progressives, the question is not whether prisons “work”—but how to make them more humane for those who “deserve” time on the inside. | more…
Cotton: The Fabric of Death
Sven Beckert, Empire of Cotton: A Global History (New York: Knopf, 2014), 640 pages, $35, hardback.
For four years following the 2008 mortgage crisis, I worked as a cotton merchant for one of the “big four” trading firms—ADM, Bunge, Cargill, and Louis Dreyfus. These shadowy giants, two of them privately held, maintain oligopoly control of agricultural commodity markets. From desks in Memphis, my colleagues and I purchased mountains of cotton in Asia, Africa, and the Americas, warehoused it, speculated on it, and sold it back to mills on those same continents.… We sat at the pinnacle of a web of political and economic forces that funneled cotton into facilities we owned and cash into our accounts, but nowhere in the office was there a visible sign of the violence that made it all possible.… Too often liberal histories focus on a single period, territory, or class perspective, and end up obscuring the truth, severing the threads that tie a moment to its historical roots. Sven Beckert’s Empire of Cotton is different. Although a liberal historian, Beckert refuses to limit his scope in the traditional way. Instead, he follows the movement of cotton across time, space, and class, bringing forward the threads that bind the objects of an otherwise distorted past. | more…
“A Torture Machine”
Edward E. Baptist, The Half Has Never Been Told: Slavery and the Making of American Capitalism (New York: Basic Books, 2014), 528 pages, $35, hardcover.
For an estimated hundreds of thousands of people, including some 60,000 workers who had served notice to their bosses, April 15, 2015, was strike day—reportedly the largest mobilization of low-wage workers since May Day of 1886, when a half million workers and their families (10 percent of the population at the time) struck for the eight-hour work day. Hundreds of us from here in Tennessee joined fast food workers, adjuncts, and home and child-care workers in the morning for strike actions, and many of us boarded buses to St. Louis and Ferguson, Missouri, for a Black Lives Matter protest that brought together strikers and supporters from all across the region. It was an intense and exact showcase of the irrevocable knot of violent and permanent racism in this country, and its broadening (and racialized) wealth and income gap and the deepening, permanent poverty of working-class life.… There is no legitimate history of this nation’s past and present that can deny the twin realities of extreme economic exploitation of people of color, especially African Americans, and the incredible violence perpetrated against them. Edward Baptist’s The Half Has Never Been Told draws these two realities together in his contribution to the new set of histories of U.S. capitalism, slavery, and cotton, which include Sven Beckert’s Empire of Cotton and Walter Johnson’s River of Dark Dreams. | more…
October 2015 (Volume 67, Number 5)
Fifty years ago this month, beginning in early October 1965 and extending for months afterwards, the United States helped engineer a violent end to the Communist Party of Indonesia (PKI). Between 500,000 and a million Indonesians were killed by conservative factions of the military led by General Suharto and by right-wing Muslim youth—all with the direct involvement of the CIA, the close cooperation of the U.S. Embassy and State Department, and the guidance of the Johnson administration’s National Security Council.… In forthcoming issues of Monthly Review we are planning to publish work on the Indonesian genocide, which, alongside the Vietnam War, constitutes a major turning point in the history of Southeast Asia in the period, and one of the most brutal acts of mass carnage inflicted by imperialism in the twentieth century. The dire implications of this carry down to the present day. | more…
Method in Ecological Marxism
In the short time available to me in this talk it is impossible to go too far with a discussion of the state of ecological Marxism as I understand it. However, I plan to discuss briefly a significant feature of the program of ecological Marxist analysis and practice of which I consider myself a part. Specifically, I will discuss the methodological commitments responsible for much of the strength and insight of the ecological Marxism associated with what John Bellamy Foster has called the “third stage of ecosocialism research…in which the goal is to employ the ecological foundations of classical Marxian thought to confront present-day capitalism and the planetary ecological crisis that it has engendered—together with the ruling forms of ideology that block the development of a genuine alternative.” This, I believe, will interest scholars and activists working toward a deeper understanding of the world with the ultimate goal of changing it, and should interest those involved in debates regarding Marxian theory and praxis. | more…
Puerto Rico: The Crisis Is About Colonialism, Not Debt
Tourists are fascinated by the heavy blue cobblestones that pave the streets of Old San Juan. Why they are there is as good an explanation as any for Puerto Rico’s current crisis. In the days of Spanish colonialism, they were ballast to keep the ships crossing the Atlantic from tossing about and blowing over. The ships came empty, and left for Spain full of gold, silver, and other riches stolen from the indigenous Taínos. The ballast left behind was used to pave the streets.… Puerto Rico has been sacked by colonial powers for half a millennium. Is it any wonder it is in dire straits? Today, it is $73 billion in debt. | more…
Interview with Bill Gallegos
As we veteran activists of the 1960s and early ’70s enter our años del retiro, it is time for reflection, summation, and most importantly sharing what we have learned with those reaching to grab the baton. Many of us, now grandparents, are getting questions from our grandkids and kids about our lives in the “golden age” of U.S. social movements. … Bill Gallegos has been an activist since the 1960s, when he became involved in Crusade for Justice, a revolutionary Chicano nationalist organization. He has since emerged as a leading socialist environmental justice activist, and is the former executive director of Communities for a Better Environment. | more…