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Review of the Month

Wladyslaw T Benda - The Earth with the Milky Way and Moon

Nature as a Mode of Accumulation: Capitalism and the Financialization of the Earth

From September to November 2021, overlapping with the 2021 UN Climate Change Conference negotiations in Glasgow, three major interrelated developments occurred in global finance. Taken together, these changes mark a turning point in the financial expropriation of the earth and the culmination of a theoretical shift in the dominant economic paradigm aimed at the unlimited accumulation of total capital, which is now seen as including “natural capital.” | more…

Fist with windmill

Against Doomsday Scenarios: What Is to Be Done Now?

We should avoid offering a fatalistic worldview. In fact, the environmental movement in general and ecosocialism in particular are all about combating the current trend toward ecological destruction. Climate change is now “code red for humanity.” This is not a doomsday forecast but a call to action. | more…

Flooding on Laboulle avenue in Tilff, Belgium

The Planetary Rift

The widespread view on the left that Marx had adopted an extreme productivist view of the human domination of nature—and hence had failed to perceive the natural limits to production and ecological contradictions in general, giving them at most only marginal attention—was contradicted by his theory of the metabolic rift. | more…

Fly-tipped tires in a disused chalk quarry in North Kent, England

The Capitalinian: The First Geological Age of the Anthropocene

Assuming that the Anthropocene will soon be officially designated as the earth’s current epoch, there remains the question of the geological age with which the Anthropocene begins. Adopting the standard nomenclature for the naming of geological ages, the term Capitalinian is proposed as the most appropriate name for the new geological age, conforming to the historical period that environmental historians see as commencing around 1950, in the wake of the Second World War, the rise of multinational corporations, and the unleashing of the process of decolonization and global development. | more…

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…