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New beech leaves, Gribskov Forest in the northern part of Sealand, Denmark

Capital and the Ecology of Disease

The death of Salvador Allende in 1973 marked, simultaneously, not only the demise of one of the great socialist experiments, and the launching of neoliberalism; it also represented the loss in Allende of one of the great figures in social medicine. Nowhere has neoliberalism had more devastating effects than in the destruction of public health and social medicine initiatives throughout the world. | more…

President Joe Biden and Vice President Kamala Harris, joined by the Presidential Cabinet members, pose for a Cabinet portrait Thursday, April 1, 2021, in the Grand Foyer of the White House

The Council on Foreign Relations, the Biden Team, and Key Policy Outcomes

Climate and China

We can analyze the new Biden administration, its personnel, and the policies it is likely to follow, especially on the all-important questions of the climate crisis and U.S. grand strategy toward China, by looking at the Council on Foreign Relations. | more…

Stuttgart Congress of the Second International 1907

The Ideology of Late Imperialism

The Return of the Geopolitics of the Second International

In 1990, when renowned Indian Marxian economist Prabhat Patnaik asked “Whatever Happened to Imperialism?,” once vibrant and influential schools of theories on imperialism were at a postwar historic low. When he left the West to return to India in 1974, imperialism was at the center of all Marxist discussions. But when he came back to the West merely fifteen years later, imperialism already seemed out of fashion. The retreat from the question of imperialism has marked a return of what we can call Second International politics. | more…

First climate demonstration in East Timor, in front of the government palace

The Renewal of the Socialist Ideal

Any serious treatment of the renewal of socialism today must begin with capitalism’s creative destruction of the bases of all social existence. Since the late 1980s, the world has been engulfed in an epoch of catastrophe capitalism, manifested today in the convergence of (1) the planetary ecological crisis, (2) the global epidemiological crisis, and (3) the unending world economic crisis. Added to this are the main features of today’s “empire of chaos,” including the extreme system of imperialist exploitation unleashed by global commodity chains; the demise of the relatively stable liberal-democratic state with the rise of neoliberalism and neofascism; and the emergence of a new age of global hegemonic instability accompanied by increased dangers of unlimited war. | more…

Global logistics concept illustration

COVID-19 and Catastrophe Capitalism

Commodity Chains and Ecological-Epidemiological-Economic Crises

Since the late twentieth century, capitalist globalization has increasingly adopted the form of interlinked commodity chains controlled by multinational corporations, connecting various production zones, primarily in the Global South, with the apex of world consumption, finance, and accumulation primarily in the Global North. COVID-19 has accentuated as never before the interlinked ecological, epidemiological, and economic vulnerabilities imposed by capitalism. | more…

SARS-CoV-2, COVID-19

COVID-19 and Circuits of Capital

COVID-19, the illness caused by coronavirus SARS-CoV-2, the second severe acute respiratory syndrome virus since 2002, is now officially a pandemic. As of late March, whole cities are sheltered in place and, one by one, hospitals are lighting up in medical gridlock brought about by surges in patients. | more…

Workers at a mine in Knockmahon, County Waterford, Ireland in 1906

The Rift of Éire

Karl Marx’s (and Frederick Engels’s) analysis of nineteenth-century Irish history revealed what is referred to as “the rift of Éire” in the colonial period. Indeed, it is in relation to the analysis of the systematic disruption of the Irish environment that Marx’s ecological inquiries can be seen as taking on a concrete and developed form, encompassing the ecological as well as economic robbery that characterized the Irish colonial regime. | more…

Hyman Minsky

Hyman Minsky at 100: Was Minsky a Communist?

Since the Great Financial Crisis of 2007–09, Hyman Minsky (1919–96) has been widely recognized as one of the late twentieth century’s most insightful economic theorists. Nevertheless, if Minsky had still been alive at the time of the Great Financial Crisis, there would have been little likelihood that his new-found reputation would have resulted in his receiving the Nobel Prize in Economics given his heterodox and socialist economic views. | more…

A Woman's Work Is Never Done

Liberating Women from “Political Economy”

Margaret Benston's Marxism and a Social-Reproduction Approach to Gender Oppression

There is an unresolved tension at the heart of Marxist explanations for women’s oppression under capitalism. Although there is general agreement that the bourgeois family, as the dominant kinship unit, has something to do with generating and reproducing that oppression, the exact role of the family varies among Marxists. In this respect, Margaret Benston’s proposal to situate domestic labor within capitalist production was truly pioneering. Rather than record and describe domestic work, Benston theorized this labor and laid the basis for later feminists to apprehend the production of commodities and the reproduction of labor power within a unitary framework. | more…

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