July 1, 2020
COVID-19 is a great revealer, laying bare the structures of racial disposability that have sacrificed people, from migrant detainees to meat packers. We are also witness to the rise of anti-Asian violence. Brutal attacks against Asian Americans have exposed the fraudulence of the model minority myth and the assimilationist paradigm that legitimizes state violence against Black and Brown bodies.
December 1, 2019
In The Killing Season: A History of the Indonesian Massacres, 1965–66, Geoffrey B. Robinson offers the most comprehensive history of Indonesia's mass killings to date, arguing that the army, foreign governments, and monopoly capital must all be jettisoned from the country's ruling coalition for meaningful justice to be achieved.
November 1, 2019
Ever since the United States divided the Korean peninsula in 1945, North Korea has had to cope with the existential challenge of U.S. hostility. Korea marks the western boundary of the empire, a border area where the sea power of the United States adjoins the land power of Russia and China. North Korea has been able to utilize this liminality to create a sovereign stateÑthe Democratic People's Republic of KoreaÑwhose independence is not welcomed by either Moscow or Beijing but tolerated because the alternatives, a client of the other or absorption into the U.S. empire, are considered worse. Washington, as global hegemon, has been less willing to tolerate this independence but has faced constraints. The result has been a policy of hostility, of unrelenting diplomatic and economic war of varying intensity, stopping short of actual kinetic war, though never far from it.
April 1, 2019
In the Republic of Korea, chaebols—diversified and large-scale conglomerate forms of capital governed dynastically by an owner and the owner's family—have grown quickly, dominating the Korean market and substantially contributing to the Korean economy since their structuring in the 1970s. Some chaebol affiliates have grown into global economic powers within a mere thirty to forty years. However, the fast growth of the chaebols in Korea has also been associated with crises and in trying to manage these crises chaebols have not only changed the ways in which they accumulate capital, they have sought to establish hegemony over civil society.
March 1, 2019
In 1957, in the Political Economy of Growth, Paul Baran made a seminal contribution to our understanding of the connection between economic surplus—a concept he introduced into the development discussion—and growth. Given that the ruling class controls the surplus of society, how the surplus is used—whether it is invested, consumed, or simply wasted—is at its discretion. The effective utilization of surplus implies a reasonable rate of capital accumulation and economic development. In the following study of the utilization of surplus I compare the size of surplus and gross capital formation in a variety of countries starting from the mid–nineteenth century.
February 1, 2019
The precarious state of migrant workers has become a major area of concern for the contemporary global economy. In Southeast Asian regions in particular, the number of migrant workers has spiked since the 1990s. In the city of Hong Kong, domestic migrant workers, predominantly Filipino and Indonesian women, now make up around a tenth of the total working population. Since the beginning of Southeast Asia's labor diaspora, activists have been fiercely organizing against the rampant exploitation and abuse of migrant workers.
December 1, 2018
China's economic development and success has been widely misunderstood and treated with perplexity. This overview of the Chinese economy provides an analysis of the drivers of the country's growth and crises, including industrialization and the agrarian question.
November 1, 2018
There is considerable interest in the history and characterization of China's economy. This overview of the evolution of the renminbi from the late Qing dynasty to the present, shows how China's political and economic changes in the twentieth and twenty-first centuries are reflected in the development of its highly contested modern currency system.
October 1, 2018
There is considerable debate within China about the nature of the economy, including recognition of tendencies toward state capitalism. Consequently, most writers focus theorization of the many possible paths the economy could take—whether toward or away from capitalism. The present article takes a step further, arguing that the Chinese system today still contains some key components of socialism and is compatible with a market, or market-based, socialism that is clearly distinct from capitalism.
October 1, 2018
The modernization paradigm pursued by China has tended to privilege industry over agriculture, urban over rural, and the middle class over the subaltern, with the country's growth statistics and policy emphases accordingly geared to such a paradigm. This has resulted in almost mindless degradation of nature. The key question China faces is thus not one of more progress or more growth, but of the multiple tasks of reversing the dire damage already done to its ecology, society, and culture.
