April 1, 2019
There has been a tendency within liberal analysis of financialization to place an emphasis on the trees, that is, the various speculative mechanisms, rather than the forest, or the growth of finance in relation to production. The reason for this stress on the trees rather than the forest is that, in contemporary capitalist ideology, financialization cannot be brought seriously into question since it is part of the entire architecture of accumulation.
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February 1, 2019
Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological "death spiral." Many of the symptoms of the failure of capitalism are well-known. Nevertheless, they are often attributed not to capitalism as a system, but simply to neoliberalism, viewed as a particular paradigm of capitalist development that can be replaced by another, better one. A critical-historical analysis of neoliberalism is therefore crucial both to grounding our understanding of capitalism today and uncovering the reason why all alternatives to neoliberalism and its capitalist absolutism are closed within the system itself.
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January 1, 2019
The psychoanalytical framework developed by Marxist Erich Fromm strongly challenges the dominant biological and individualistic explanations of the mental-health crisis that is now sweeping the globe. Fromm emphasized that all humans have certain needs that must be fulfilled in order to ensure optimal mental health. It follows that capitalism is crucial to determining the experience and prevalence of mental well-being, as its operations are incompatible with true human need.
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September 1, 2018
The South African political class appears to have finally recognized the depth of the crisis into which the country's capitalist system has sunk. Can the government's new Radical Economic Transformation program begin to address the profound inequalities that remain at the heart of South African society?
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April 1, 2018
From the sixteenth through the nineteenth centuries, millions of Africans and Native Americans were enslaved and traded by European settlers in the Americas. This story of slavery, colonialism, and emerging capitalism—and their handmaiden, white supremacy—is integral to that of modernity itself.
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December 1, 2017
With the structural crisis of the capital system, the expansionary historic circle through which capital could dominate humanity for a very long time is perilously closing. That closure brings with it the danger of humanity's total destruction in the interest of capital's absurdly prolonged rule.
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July 1, 2017
Post-revolutionary societies, in their efforts to combat counterrevolution, have always been confronted with their own contradictions, and with the persistent threat that an exploiting class could reemerge. Instead of the intended socialization and democratization, in many places what resulted was instead state ownership and stultifying bureaucratization of both the economy and the polity.
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May 1, 2017
Capitalism was a radical break with the past: for the first time, production of basic goods was driven by the accumulation of wealth for its own sake, and not primarily to satisfy human needs. Likewise, we are alienated from the natural world, as the products of our own labor are no longer under our control. Our very perception of nature is shaped by an economic system that treats "the environment" as a collection of commodities to be exploited.
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September 1, 2016
The Anthropocene, viewed as a new geological epoch displacing the Holocene epoch of the last 10,000 to 12,000 years, represents what has been called an "anthropogenic rift" in the history of the planet.… Recent scientific evidence suggests that the period from around 1950 on exhibits a major spike, marking a Great Acceleration in human impacts on the environment, with the most dramatic stratigraphic trace of the anthropogenic rift to be found in fallout radionuclides from nuclear weapons testing.… Viewed in this way, the Anthropocene can be seen as corresponding roughly to the rise of the modern environmental movement, which had its beginnings in the protests led by scientists against above-ground nuclear testing after the Second World War, and was to emerge as a wider movement following the publication of Rachel Carson's Silent Spring in 1962. Carson's book was soon followed in the 1960s by the very first warnings, by Soviet and U.S. scientists, of accelerated and irreversible global warming. It is this dialectical interrelation between the acceleration into the Anthropocene and the acceleration of a radical environmentalist imperative in response that constitutes the central theme of Ian Angus's marvelous new book.
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March 1, 2016
In the United States today, the age of monopoly-finance capital and neoliberal politics, all aspects of social life are being financialized at breakneck speed, while the economy as a whole and employment remain lackluster. Financial flows of whatever kind are converted into "securitized" assets to be leveraged by Wall Street speculators. The data of private communications are mined. Health care is converted into a realm of super profits. Public water and electric facilities are sold to the highest bidder. The political system is turned into an open-air auction. Even pollution is treated as a market.… At the center of this juggernaut is elementary and secondary education, which receives over $550 billion in annual public spending, equal to the GDP of Belgium, ranked twenty-fifth worldwide in national income. The new copyrighted Common Core State Standards, and the accompanying standardized tests run by two multi-state consortia in conjunction with testing companies, are "high stakes" not merely for schools, teachers, and students, but also for the vested interests of capital.
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