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Introduction

Map showing locations of select strategic U.S. military installations (indicated by stars) along the first and second island chains in the Indo-Pacific.

Imperialism in the Indo-Pacific—An Introduction

John Bellamy Foster and Brett Clark introduce this summer’s special issue on “Imperialism in the Indo-Pacific,” exploring how the super-region came to be conceptualized among geopolitical strategists and its present-day role in U.S military strategy. “The United States,” they write, “facing the demise of its global hegemonic imperialism, is not only preparing for a Third World War; it is actively provoking it.” | more…

Illustration of Degrowth

Planned Degrowth: Ecosocialism and Sustainable Human Development

In the introduction to this summer’s special issue on “Planned Degrowth,” John Bellamy Foster outlines the major themes of degrowth thought, including, above all, a recognition of the need to challenge current notions of “growth” and “prosperity” and move toward a more sustainable model of human development, one that meets the needs of individuals and communities. This, Foster writes, requires a massive revolutionary shift in the social relations governing the means production and the prioritization of planning our economy around the survival of the species, rather than the endless drive to accumulation that has devastated the planet. | more…

Climate Justice

Socialism and Ecological Survival: An Introduction

Time is running out for humanity to avoid a catastrophic planetary tipping point. Widespread mass mobilizations of populations worldwide must fight to bring about revolutionary societal changes and dismantle neoliberal monopoly capitalism, with its reliance on extractive exploitation of our planet’s resources and communities. | more…

Sweezy, Baran, Castro, and Huberman

Introduction

The U.S. government is obsessed with Cuba. Cuba is a small island, ninety miles off the shore of Florida, that is home to eleven million people. Not a day has gone by that the United States has not tried to overturn the Cuban Revolution, through the assassination of its leaders, invasions by proxy forces, preventing it from normal commercial and diplomatic relations, and encouraging social distress in the island to become a counterrevolutionary force. That is the level of the obsession. | more…

US-China competition can avoid confrontation

The New Cold War on China

The imperialist world system, crowned by U.S. hegemony, is now threatened by China’s seemingly inexorable rise and pursuit of its own distinctive sovereign project. In this respect, the Trump administration’s prosecution of a New Cold War on China was no anomaly, but rather the inevitable U.S. response to China’s rise and the end of Washington’s unipolar moment. The Biden administration has made it clear that it not only intends to continue the New Cold War, but to accelerate it. | more…

British Indian Empire

The Drain of Wealth

Colonialism before the First World War

The Western European powers appropriated economic surplus from their colonies, materially and substantially aiding their own industrial transition from the eighteenth century onward, as well as the diffusion of capitalism to the regions of new European settlement. In the case of India, the concept of drain is based on the fact that a substantial part of its earnings was never permitted to accrue to the country; it was instead appropriated by the ruling power: Britain. | more…

Double explosure with business graph with arrows and financial graphs

The Contagion of Capital

Financialized Capitalism, COVID-19, and the Great Divide

Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. | more…

A famous early photograph of Frederick Engels

Engels’s Dialectics of Nature in the Anthropocene

Today, two hundred years after his birth, Frederick Engels can be seen as one of the foundational ecological thinkers of modern times. Engels’s contributions to our understanding of the overall ecological problem remain indispensable, rooted in his own deep inquiries into nature’s universal metabolism. It is because of the very comprehensiveness of his approach to the dialectic of nature and society that Engels’s work can help clarify the momentous challenges facing humanity in the Anthropocene epoch and the current age of planetary ecological crisis. | more…

A clerk counts cash at a bank in Nantong, Jiangsu province

China 2020: An Introduction

In the twenty-first century, all signs are pointing to another period of hegemonic struggle over the world economy, this time between the United States and China, although complicated in this case by the unique, indeterminate aspects of the post-revolutionary Chinese social formation, which is neither entirely capitalist nor entirely socialist. | more…

Anti-imperialism mural in Caracas, Venezuela

Late Imperialism

Fifty Years After Harry Magdoff's The Age of Imperialism

The globalization of production (and finance)—which emerged along with neoliberalism out of the economic stagnation of the mid–1970s and then accelerated with the demise of Soviet-type societies and China’s reintegration into the capitalist world system—has generated a more generalized monopoly capitalism, ushering in what can be called late imperialism. Late imperialism refers to the present period of monopoly-finance capital and stagnation, declining U.S. hegemony and rising world conflict, accompanied by growing threats to the ecological bases of civilization and life itself. It stands at its core for the extreme, hierarchical relations governing the capitalist world economy in the twenty-first century, which is increasingly dominated by mega-multinational corporations and a handful of states at the center of the world system. Just as it is now common to refer to late capitalism in recognition of the end times brought on by simultaneous economic and ecological dislocations, so it is necessary today to speak of late imperialism, reflecting the global dimensions and contradictions of that system, cutting across all other divisions, and posing a “global rift” in human historical development: an epochal crisis posing the question of “ruin or revolution.” | more…

A 19th-century illustration depicts a scene off the coast of Peru, where bird poop, or guano, was harvested

The Robbery of Nature

Capitalism and the Metabolic Rift

Marx’s notion of “the robbery of the soil” is intrinsically connected to the rift in the metabolism between human beings and the earth. To get at the complexities of his metabolic rift theory, it is useful to look separately at the issues of the robbery and the rift, seen as separate moments in a single development. | more…

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