In mainstream economics capitalism as a theoretical construct has been replaced by the free market economy, which has been declared the ultimate arbiter of public policy. It is little wonder that the very academic and business economists charged with developing a practical understanding of the economy went into shock when the Great Recession hit. In their world such an event was simply not theoretically possible. Into this breach step Foster and McChesney, continuing the tradition of Monthly Review, with their analysis of the contradictions of monopoly-finance capital. This book provides a clear explanation of why the Great Recession occurred and how the crash constituted a wide-scale failure that was entirely predictable. | more…

This book examines the historical record of globalization and restores agency to the capitalists, policy-makers, and politicians who worked to craft a regime of world-wide exploitation. It demolishes their neoliberal ideology – already on shaky ground after the 2008 financial crisis – and picks apart the record of trade agreements like NAFTA and institutions like the WTO. But, crucially, Hart-Landsberg also discusses alternatives to capitalist globalization, looking to examples such as South America’s Bolivarian Alliance for the Americas (ALBA) for clues on how to build an international economy based on solidarity, social development, and shared prosperity. | more…

In connection with the events this month there is a new book out by Paul Le Blanc and Michael D. Yates, A Freedom Budget for All Americans. This is published by Monthly Review Press, is due for print in September (I have the uncorrected proof, which Paul Le Blanc was kind enough to send me). Bayard had been very concerned that the March would not lead to the next steps, which he felt should be an effort to put forward a political and economic program to give the civil rights movement a “floor”, a program for full employment … It is good to have two socialist thinkers sketch out not only the history of the original Freedom Budget, but also give us an updated look at what such a budget might look like today. | more…

(Alan Wieder is the author of Ruth First and Joe Slovo in the War against Apartheid, new from MR Press.) There were five South African launches for my new book on freedom fighters Ruth First and Joe Slovo – Bloemfontein, Johannesburg, two in Cape Town, and finally Port Elizabeth. It was the latter that provided a political education for the present. Earlier in our day in Port Elizabeth our host, Allan Zinn, had taken us to the northern campus of Nelson Mandela Metropolitan University in the Missionvale Township. We witnessed over 500 high school students participating in a Nelson Mandela day workshop on conflict resolution and the difference between debate and dialogue. | more…

You have that friend. You know, the well-intentioned liberal who thinks that by recycling your Coca Cola cans and composting your GMO fruits and vegetables, all of the sudden, everything will be okay. Capitalism? “Well, we can’t escape that,” they say “So I’m just going to keep drinking Naked Juice and wearing an obscene amount of patchouli.” Fred Magdoff and John Bellamy Foster’s “What Every Environmentalist Needs to Know About Capitalism,” is a remedy for this quixotic crusader. A “Citizen’s Guide to Capitalism and the Environment,” Magdoff and Foster write with great lucidity the case against a “green capitalism.” | more…

The Economic War Against Cuba: A Historical and Legal Perspective on the U.S. Blockade, Race in Cuba: Essays on the Revolution and Racial Inequality, and One Day in December: Celia Sánchez and the Cuban Revolution, all recently published by Monthly Review Press, are reviewed by Dominic Alexander for Counterfire. | more…

Jeb Sprague is the author of Paramilitarism and the Assault on Democracy in Haiti from Monthly Review Press. Political dysfunction on the Island of Hispaniola is rife, mired in clientelist networks (as in the Dominican Republic) and the blatant manipulation of elections (as in Haiti). Whereas the populations are interlocked in many ways, historical divisions remain and are readily exploited by dominant national and transnational groups. | more…

While not covering the entirety of Marxism today, Monthly Review, since its inception, has been carrying on some of the best works of Marxism today. The foundations for this type of analysis was set out by the economists Paul Baran, Paul Sweezy, and Harry Magdoff. Truly insightful analytic and theoretical works like Monopoly Capital and Magdoff’s work on Imperialism (along with Harry Braverman’s work on Labor and Monopoly Capital) help bring Marx’s political-economic insights into the twentieth and twenty-first centuries… John Bellamy Foster and Robert W. McChesney continue this strong tradition of analytically sharp Marxian political economy. | more…

Join author Alan Wieder for a discussion of his new book, Ruth First and Joe Slovo in the War against Apartheid, at one of these locations in the U.S. and London. This engaging and richly detailed work recounts the extraordinary lives of First and Slovo, their contributions to the anti-apartheid struggle, and their sometimes tumultuous relationship. | more…

Watch a video of the lecture, “The Great Rift: Capitalism and the Metabolism of Nature and Production.” John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. His latest book, written with Robert W. McChesney, is The Endless Crisis: How Monopoly-Finance Capital Creates Stagnation and Upheaval from the USA to China. This talk was given at the Rosa Luxemburg Foundation’s salon in Berlin on 28 May 2013. | more…

Professor Emeritus of Political Economy of the University of Havana, Morales Domínguez, who continues to live in and write from Cuba, is a prolific social scientist and a leading scholar of race. With this collection of articles, essays, and interviews, he demonstrates how one can both be a supporter of the Revolution as well as a critic of its shortcomings primarily where it comes to race… This is an extraordinary addition to Cuban Studies | more…

The appearance of these essays in English translation is an important milestone, because Esteban Morales Domínguez (Cuban Academy of Sciences) is one of the most important and influential commentators on Cuban race relations today. This book brings together, in essay and interview form, Morales’s thinking from the past decade … Morales takes complex, thoughtful, and sometimes unexpected positions; his is a voice that ought to be heard in North American discussions about race. Summing Up: Essential. | more…

Join author Joseph Varga and MR Press for a book launch celebrating Hell’s Kitchen and the Battle for Urban Space, Thursday, September 26, 7 pm, at The New School for Social Research, 80 5th avenue (at 14th street and 5th ave), in New York City. | more…