
An Important Appeal from Robert W. McChesney
Dear Friend of Monthly Review: In the past few years world conditions have changed far more than most people realize. Since the financial collapse of 2007–2008, capitalism has entered a period of pronounced stagnation. The dismal recovery of the past six years is no longer to be regarded as a temporary adjustment; it is the new normal. What this means for the great mass of people in the United States and the globe is also clear: increasing poverty and unemployment; gaping increases in inequality; tremendous downward pressure on wages and benefits; collapsing infrastructure and decline in public services; systematic political corruption; environmental degradation in the pursuit of profit; and endless militarism. Capitalism is a system that gives every sign of being on its last legs. It is eating the future to stay alive today. | more…