Praise for Karl Marx—albeit of a somewhat mocking kind—comes from the strangest places nowadays. In their new book Future Perfect: The Challenge and Hidden Promise of Globalization, John Micklethwait and Adrian Wooldridge, bestselling business authors and correspondents for the adamantly procapitalist Economist magazine, declare that, “as a prophet of socialism Marx may be kaput; but as a prophet of ‘the universal interdependence of nations,’ as he called globalization, he can still seem startlingly relevant. His description of globalization remains as sharp today as it was 150 years ago” (pp. 332-333). The same thing has been noticed in a quite different way in colleges and universities, as demand for courses on Marx, Marxism, and political economy appear once again to be on the rise. | more…
Dissatisfaction with what has happened to the study of economics is producing a rapidly growing revolt among economics students in France, Britain, the United States, and elsewhere. Within a matter of months, this new movement has made considerable inroads in exposing the meaninglessness of orthodox economics in contemporary capitalist societies. Students are eagerly looking for answers about the issues of the day, such as expanding globalization, growing dominance of international finance, increasing polarization between the rich and poor nations and between the rich and poor of each nation. But orthodox economics has no meaningful answers to any of these questions—a fact that has fed the widening rebellion among economics students in numerous countries. Before reporting on this new discontent, we need to provide some background on how economics has been transformed, since its classical period, into a study that is becoming more and more irrelevant. | more…
In an article on the role of third parties in U.S. presidential elections in the August 21, 2000, issue of In These Times, founding editor and publisher James Weinstein observed: In 1948, when I cast my first vote for president, Henry A. Wallace, vice president during FDR’s second and third terms, was running as the Progressive Party candidate against Republican Thomas Dewey and Democrat Harry S. Truman. | more…
In the United States, the creation of wealth is often presented as a process that benefits everyone within the society. A common shibboleth, made famous during the Kennedy administration, is that “a rising tide lifts all boats.” In June 2000, the Conference Board, an organization devoted to the promotion of global business and one of the leading private centers for the analysis of economic statistics, released a report actually entitled Does a Rising Tide Lift All Boats? The report concludes: “Unfortunately, the answer to date is ‘no ’” | more…
We would like to thank Ellen Meiksins Wood and Michael Yates for their help at different stages in the development of this special issue. Ellen proposed the idea of having such an issue this summer, initiated it, and started the ball rolling by sending invitations defining the issue to the bulk of the contributors included here. Michael worked mightly, editing manuscripts and helping bring the project to fruition. We owe a debt of gratitude to them both | more…
On keeping the MR flag flying: Between us there are 177 years of life. The issue of continuity has plagued us for some time and we have from time to time explored and experimented with ways of maintaining the unique tradition of MR as an independent, nonsectarian advocate for and educator on socialism and Marxism. With that in mind, we have asked John B. Foster and Robert W. McChesney to assume the responsibility of being Acting Editors. We are pleased that they have agreed. In addition to their direct editorial responsibilities, John and Bob will participate in the development of a more permanent editorial board as well as a battery of contributing editors, not only academics but also labor and social movement activists. We expect to continue to guide the magazine as long as possible | more…
In this issue, we reprint Albert Einstein’s article “Why Socialism?,” from vol. 1, no. 1 of MR (May 1949). Normally this would require no comment on our part, as it has become something of an MR tradition to run this essay in our May issue. This year, however, there are two special circumstances that require some discussion. The first is Time magazine’s treatment of Einstein’s political views in its December 31, 1999, issue on “Albert Einstein: Person of the Century.” The second is the recent release, on the FBI’s web page, of Einstein’s FBI file to the general public | more…
This space has, from its earliest years, been devoted to MR affairs, viewing the readers as part of a larger family. Recently, we began to use the space for commentary on political and economic developments also. The occasion of Paul’s 90th on April 10, however, calls for something very different. If you guess that this will be a love letter, you are not mistaken. I have long wanted to express publicly my feelings about Paul. A review of his contributions to knowledge and theoretical analysis about capitalism and socialism would require a long essay. I prefer to say a few words about him as my friend and comrade | more…
What do Helmut Kohl and Elián Gonzáles have in common? What could possibly unite the destinies of the huge former Chancellor of Germany, who for so many years dominated European politics and played the part of senior statesman on the global stage, and the little boy whose only political role so far has been as pawn in the hands of fading right-wing Cuban fanatics in Miami? | more…
Isaac Deutscher once said that, in dealing with some questions, Marxists have to wear gloves. If memory serves, he was talking particularly about the nationalisms of the oppressed. | more…
Our Assistant Editor, Vicki Larson, was in Seattle for the demonstrations against the WTO. We are pleased, indeed proud, to present Vicki’s account of these very important events | more…
Recently, we were talking about the environment to a well-known sociologist and got into a fairly heated debate about the ecological effects of capitalism. He insisted that capitalism has nothing to do with it. All human practices, he said, inevitably affect the natural environment and have done so since the dawn of history. This seemed to us a pretty simplistic and ahistorical argument | more…
We’ve been discussing among ourselves exactly what we want to achieve with these Notes from the Editors, and our conclusion is that we want to leave the objectives of the Notes as open-ended as they always have been. Over the years, they have been everything from editorials about some pressing current event, to news about the MR community, or reflections on something we’ve read, including correspondence from our readers. What these all have in common is that they give us a chance to make more or less current comments on things that have happened or things we’ve been thinking about since the last issue. | more…
