The Dismantling of Yugoslavia
Glossary & Timeline
Glossary and Timeline for “The Dismantling of Yugoslavia”. | more…
Review of the Month
1: ‘Enemy Combatant’ or Enemy of the Government?
By introducing the concept of war into national law, the latest U.S. anti- terrorist law, the Military Commissions Act of 2006 (MCA), produces a turning point in the legal and political organization of the Western world. It puts an end to a form of state that succeeded in “establishing peace internally and excluding hostility as a concept of law.”1 It is the constituent act of a new form of state that establishes war as a political relation between constituted authorities and national populations. | more…
2: A System of Wholesale Denial of Rights
As in the past, Americans owe Jean-Claude Paye a debt of gratitude. From his position, as a sociologist in Brussels, he has proven that he can see what is happening in George Bush’s and Dick Cheney’s America, more clearly perhaps than many who live in the United States.…As Paye notes, there are two important aspects to the regime created by the Detainee Treatment Act of 2005 (DTA) and the Military Commissions Act of 2006 (MCA). The MCA recognizes a distinction between “enemy combatants” who are citizens of the United States and those who are aliens. Alien enemy combatants are, as Paye notes, subjected entirely to the regime of military commissions and denied access to civil courts except under limited circumstances. Citizen enemy combatants have access to civil courts, but find their rights constricted in other ways. The alien-citizen distinction in the MCA is a congressional response to the Supreme Court’s decision in Hamdan v. Rumsfeld, in which a five-justice majority held that the president did not have the power to strip citizens and aliens alike of their right of access to civil courts and to the writ of habeas corpus. The Court invited the president to return to Congress to validate his claims of power, and Congress obligingly did so, thus proving that there are few persons in the elected leadership willing to raise a voice against the imperial powers of which Paye writes. | more…
Imminent Crises: Threats and Opportunities
egrettably, there are all too many candidates that qualify as imminent and very serious crises. Several should be high on everyone’s agenda of concern, because they pose literal threats to human survival: the increasing likelihood of a terminal nuclear war, and environmental disaster, which may not be too far removed. However, I would like to focus on narrower issues, those that are of greatest concern in the West right now. I will be speaking primarily of the United States, which I know best, and it is the most important case because of its enormous power. But as far as I can ascertain, Europe is not very different | more…
The Imperialist World System
Paul Baran’s Political Economy of Growth After Fifty Years
The concept of the imperialist world system in today predominant sense of the extreme economic exploitation of periphery by center, creating a widening gap between rich and poor countries, was largely absent from the classical Marxist critique of capitalism. Rather this view had its genesis in the 1950s, especially with the publication fifty years ago of Paul Baran’s Political Economy of Growth. Baran’s work helped inspire Marxist dependency and world system theories. But it was the new way of looking at imperialism that was the core of Baran’s contribution. A half-century later it is important to ask: What was this new approach and how did it differ from then prevailing notions? What further changes in our understanding of imperialism are now necessary in response to changed historical conditions since the mid-twentieth century? | more…
The Financialization of Capitalism
Changes in capitalism over the last three decades have been commonly characterized using a trio of terms: neoliberalism, globalization, and financialization. Although a lot has been written on the first two of these, much less attention has been given to the third. Yet, financialization is now increasingly seen as the dominant force in this triad. The financialization of capitalism-the shift in gravity of economic activity from production (and even from much of the growing service sector) to finance—is thus one of the key issues of our time. More than any other phenomenon it raises the question: has capitalism entered a new stage? | more…
Israel in the U.S. Empire
Any reader of Israel Studies’s recent issue on the “Americanization of Israel” would be likely to conclude that the most important aspect of U.S.-Israel relations was cultural and religious exchange.* U.S. commodification of Israeli consumption is a key focus here, as is the impact of U.S. religious trends on Israeli religious practices. Though politics does feature in the issue, its place is largely restricted to the influence of the United States on the Israeli party political system and to the ideological convergence between Christian fundamentalism and the Likud Party. The informing conception of the issue, then, seems to be the endeavor to pinpoint those aspects of Israel that have been “Americanized” in recent years. Contributors are thus preoccupied with determining how specific U.S. forms and norms have migrated to and been translated into Israeli culture and society | more…
The Ecology of Destruction
I would like to begin my analysis of what I am calling here “the ecology of destruction” by referring to Gillo Pontecorvo’s 1969 film Burn!. Pontecorvo’s epic film can be seen as a political and ecological allegory intended for our time. It is set in the early nineteenth century on an imaginary Caribbean island called “Burn.” Burn is a Portuguese slave colony with a sugar production monoculture dependent on the export of sugar as a cash crop to the world economy. In the opening scene we are informed that the island got its name from the fact that the only way that the original Portuguese colonizers were able to vanquish the indigenous population was by setting fire to the entire island and killing everyone on it, after which slaves were imported from Africa to cut the newly planted sugar cane. | more…
Transient Servitude: The U.S. Guest Worker Program for Exploiting Mexican and Central American Workers
Defining moments in the history of a nation are time and again overshadowed by the drama of war. These critical events are often domestic policy decisions that affect the immediate state of a country and have serious consequences for the future. Significant examples in U.S. history include: the initial decision of the revolutionary government to found a republic dedicated to the lofty principles of “life, liberty, and the pursuit of happiness” but embracing slavery, a contradiction that ultimately led to civil war; the decision to prematurely end reconstruction efforts in the South after the Civil War, a policy reversal which allowed the long-term oppression and exploitation of the emancipated slaves and their descendents; and the decision during the Second World War to encourage the mass migration of poor African Americans from the rural South to the industrial centers of the Midwest and Northeast to support the war economy, a haphazard resettlement program that resulted in the ghettoization and continued oppression of a significant national minority | more…
Monopoly-Finance Capital
(Dec 01, 2006)
Topics:
Financialization
Monopoly
Political Economy
Stagnation
Places:
Global
The year now ending marks the fortieth anniversary of Paul Baran and Paul Sweezy’s classic work, Monopoly Capital: An Essay on the American Economic and Social Order (Monthly Review Press, 1966). Compared to mainstream economic works of the early to mid-1960s (the most popular and influential of which were John Kenneth Galbraith’s New Industrial State and Milton Friedman’s Capitalism and Freedom), Monopoly Capital stood out not simply in its radicalism but also in its historical specificity. What Baran and Sweezy sought to explain was not capitalism as such, the fundamental account of which was to be found in Marx’s Capital, but rather a particular stage of capitalist development. Their stated goal was nothing less than to provide a brief “essay-sketch” of the monopoly stage of capitalism by examining the interaction of its basic economic tendencies, narrowly conceived, with the historical, political, and social forces that helped to shape and support them | more…
The Explosion of Debt and Speculation
In a series of articles in Monthly Review and in Monthly Review Press books during the 1970s and 1980s, Harry Magdoff and Paul Sweezy proposed that the general economic tendency of mature capitalism is toward stagnation. A shortage of profitable investment opportunities is the primary cause of this tendency. Less investment in the productive economy (the “real economy”) means lower future growth. Marx wrote about the possibility of this very phenomenon | more…
Empire of Oil: Capitalist Dispossession and the Scramble for Africa
put into words what all previous presidents could not bring themselves to utter in public: addiction. The United States, he conceded, is “addicted” to oil—which is to say addicted to the car—and as a consequence unhealthily dependent upon Middle Eastern suppliers. What he neglected to mention was that the post-Second World War U.S. global oil acquisition strategy—a central plank of U.S. foreign policy since President Roosevelt met King Saud of Saudi Arabia and cobbled together their “special relationship” aboard the USS Quincy in February 1945—is in a total shambles. The pillars of that policy—Iran, Saudi Arabia, the Gulf oil states, and Venezuela—are hardly supplicant sheep within the U.S. imperial fold | more…
A Warning to Africa: The New U.S. Imperial Grand Strategy
Imperialism is constant for capitalism. But it passes through various phases as the system evolves. At present the world is experiencing a new age of imperialism marked by a U.S. grand strategy of global domination. One indication of how things have changed is that the U.S. military is now truly global in its operations with permanent bases on every continent, including Africa, where a new scramble for control is taking place focused on oil | more…