Larry Elliott, economics editor of the Guardian, sums it up: “The Marxist perspective, exemplified in a new book by John Bellamy Foster and Robert McChesney, is also useful. This argues that the strong western growth rates in the middle of the 20th century were something of a mirage, caused by high military spending, postwar reconstruction, higher welfare spending and the investment in road networks that allowed the full flowering of the age of the automobile. Since then, a number of things have happened. There has been a concentration of capital but a shortage of profitable investment opportunities. So far, there has not been a wave of innovations like the car, the plane, cinema and TV to give the global economy a shot in the arm, although it is possible that digital, robotics, genetics and green technology could act as a catalyst. The result has been a declining trend rate of growth, and the increased financialisation of western economies as the surpluses have been re-cycled through the banks in a search for yield. Hence the Latin American debt crisis. Hence the sub-prime mortgage crisis. Hence the inability of the global economy to emerge from its torpor.” | more…

The world is not limitless, yet growth without limits is touted as a permanent economic elixir. But natural resources aren’t infinite, nor can demand be infinite. What happens when the limits of growth are reached? We aren’t supposed to ask that question about capitalism; the assumption is that economic activity will always grow. The insertion of China into the world capitalist system has created the opportunity for more growth as a country of 1.3 billion people has been thrown open to the world’s markets. But what if, rather than throwing capitalism a lifeline in the form of a vast pool of consumers who will drive demand, China instead will fatally destabilize an already weakened world economic system? | more…

Join Irving Kurki and Doug Enaa Greene for an installment of the ongoing “Occupy Consciousness” lecture series, where they discuss the work of István Mészáros and its application to our time and the Occupy Movement. | more…

Haiti’s brutal army was disbanded in 1995, yet armed and uniformed paramilitaries, with no government affiliation, occupy former army bases today. President Michel Martelly, who has promised to restore the army, has not called on police or U.N. troops to dislodge these ad-hoc soldiers. Given the army’s history of violent opposition to democracy, Martelly’s plan to renew the army “can only lead to more suffering”, says Jeb Sprague in his forthcoming book Paramilitarism and the Assault on Democracy in Haiti, to be released mid August by Monthly Review Press. | more…

Join the author of Paramilitarism and the Assault on Democracy in Haiti, just released by Monthly Review Press, at an event near you! Jeb Sprague will discuss his new book, which investigates the dangerous world of right-wing paramilitarism in Haiti and its role in undermining the democratic aspirations of the Haitian people. | more…

In this path-breaking book, Jeb Sprague investigates the dangerous world of right-wing paramilitarism in Haiti and its role in undermining the democratic aspirations of the Haitian people. Sprague focuses on the period beginning in 1990 with the rise of Haiti’s first democratically elected president, Jean-Bertrand Aristide, and the right-wing movements that succeeded in driving him from power. Over the ensuing two decades, paramilitary violence was largely directed against the poor and supporters of Aristide’s Lavalas movement, taking the lives of thousands of Haitians. Sprague seeks to understand how this occurred, and traces connections between paramilitaries and their elite financial and political backers, in Haiti but also in the United States and the Dominican Republic. | more…

José Carlos Mariátegui is not exactly a household name among Marxists outside Latin America, let alone among the wider left. In Latin America, however, his writings have played an influential role in the development of socialist politics and have impacted on recent progressive governments that have been elected in the wake of the collapse of the dictatorships and the neo-liberal economies associated with them. For this reason alone, this recent publication of an anthology of his writings is long overdue and much to be welcomed. | more…

Perelman addresses the whole range of problems with work and the work process within capitalism: the way it stifles the creativity of the worker, the waste of social productive powers by the many jobs and technical applications created solely to safeguard the managerial power of capital, the superior knowledge workers have of the work process and the struggle over the extraction of this knowledge, the inefficiencies of production all these combine to generate within capitalism, and finally the various kinds of theoretical apologetics generated within economic theory to justify this sorry state of affairs. | more…

In the 1980s and 90s, renowned Polish economist Tadeusz Kowalik played a leading role in the Solidarity movement, struggling alongside workers for an alternative to “really-existing socialism” that was cooperative and controlled by the workers themselves. In the ensuing two decades, “really-existing” socialism has collapsed, capitalism has been restored, and Poland is now among the most unequal countries in the world. Kowalik asks, how could this happen in a country that once had the largest and most militant labor movement in Europe? | more…

What was “real socialism”—the term which originated in twentieth-century socialist societies for the purpose of distinguishing them from abstract, theoretical socialism? In this volume, Michael A. Lebowitz considers the nature, tendencies, and contradictions of those societies. Beginning with the constant presence of shortages within “real socialism,” Lebowitz searches for the inner relations which generate these patterns. He finds these, in particular, in what he calls “vanguard relations of production,” a relation which takes the apparent form of a social contract where workers obtain benefits not available to their counterparts in capitalism but lack the power to decide within the workplace and society. | more…

Heinrich’s modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx’s critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx’s understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx’s work, in addition to the traditional emphasis on the labor theory of value, thus highlighting the relevance of Capital to the age of financial explosions and implosions. | more…

The Wisconsin Uprising in February-March 2011 was one of the most exciting events in a long time in this country’s history. People mobilized on a scale not seen since the early 1970s, initially to protest a draconian assault on working people and public services intended to serve them, but it developed into a larger protest over the meaning of “democracy” in the contemporary United States. And though the protests ultimately failed to stop passage of an unjust law, it served and still serves as an inspiration to people in Wisconsin and around the world. | more…

Our friends at LINKS: International Journal of Socialist Renewal have posted an exclusive excerpt of Michael A. Lebowitz’s forthcoming title, The Contradictions of “Real Socialism”: The Conductor and the Conducted. Click here to read it, and look for the book later this month! | more…