Exchange
The Research Unit for Political Economy’s (RUPE’s) brief historical account here of the origins of the Marxist theory of imperialism constitutes a crucial corrective to common errors regarding that history. In my article, “The Imperialist World System: Paul Baran’s Political Economy of Growth After Fifty Years” (Monthly Review, May 2007), I began by pointing out that Baran’s book was an outgrowth of classical Marxist thought—the ideas of Marx, Lenin, and Luxemburg. At the same time it represented a sharp departure from the rigid orthodoxy of linear development that had come to characterize so much of socialist (as well as bourgeois) thought—often presented in terms of Horace’s phrase, quoted by Marx, “the tale is told of you.” Baran’s treatment of the imperialist world system was a startling contribution at the time that his book appeared, challenging the conventional assumptions of both the right and an increasingly calcified left. | more…
It has, unfortunately, taken far too long for Marxists to take environmental issues seriously. There are some good reasons for this, including the undoubtedly “bourgeois” flavor of many of the issues politicized under that heading (such as “quality of life” for the relatively affluent, romanticism of nature, and sentimentality about animals) and the middle class domination of environmental movements. Against this, it must also be recognised that communist/socialist government have often ignored environmental issues to their own detriment (the pollution of Lake Baikal, the destruction of the Aral Sea, deforestation in China, being environmental disasters commensurate with many of those attributable to capitalism). Environmental issues must be taken seriously. The only interesting question is how to do it | more…
During the past few years a strong challenge has been mounted in the pages of Monthly Review to the argument—prevalent on the left as well as the right—that globalization and technological change have combined to bring us into a new era. Ellen Meiksins Wood captured the gist of the emerging MR position in an essay entitled “Modernity, Postmodernity, or Capitalism” in which she asserts that there has been no historic rupture, no epochal shift, to usher in globalization or postfordism or postmodernism | more…
Not only do we reject [so-called “weak” and “strong” versions of “globalization”], we reject the arguments used to support them, namely, that globalization has little basis in economic fact, is no more advanced than it was during the pre-1914 years, and has no significant political consequences. Our version, both “strong” and “nuanced,” would be that since the early 1970s changes in technology and politics have greatly increased the ability of capital to do what it has always wanted to do—turn the world into one “free market” for finance, production, and wage labor. Ideologically strengthened by the collapse of communism, corporate capital has used its initiatory power in the realms of investment, employment, pricing, industrial location, and selective implementation of new technologies to leapfrog ahead of the ability of progressive forces to mobilize and fight back—which takes time, organization, and, if history teaches us anything, decades of struggle. This is not exactly the first time workers, and the entire left, have faced this situation; nor is it the first time that capital has been able to use the nation-state to accomplish its ends easier and faster, this time in significant measure through the creation of supranational institutions promoting the needs of transnational finance and production (NAFTA, EU, WTO, MAI, and multilateral trade agreements, including the latest “Uruguay Round”) | more…
Comments on Du Boff and Herman
In the June 1997 issue of MR, I wrote an essay, “Globalization is an Issue, the Power of Capital is the Issue.” Richard Du Boff and Edward Herman, two economists whose work I respect and whose books I have used in my classes, now polemicize against “Tabb’s unwillingness to acknowledge that globalization…has anything to do with the victories of capital over labor….” I wrote no such thing, as readers can verify for themselves by going back to that June issue. Such a view (which I do not hold) is indeed unreasonable and wrongheaded. They in fact attribute a number views to me which I do not hold. They propose “alternatives” and I agree with a number of these | more…
I’m taking the liberty of appending this note because, though Du Boff and Herman’s article is directed mainly at Bill Tabb, it refers to some of the things I’ve written about globalization.…Recently, I got a letter from Bill Doyle, who wrote, “After reading Ed Herman’s comments in Z (magazine), I re-read your article and couldn’t see why Ed was so exercised. I’d be interested to know if you see a substantial difference between the two of you, and, if so, what it is.” Here, with some minor changes and additions, is what I wrote back. | more…