July 1, 2026
John Bellamy Foster introduces our special summer issue on the "Structural Crisis of Capital," illuminating its four main characteristics as first outlined by István Mészáros in
Marx's Theory of Alienation. Capital, Foster says, has found itself in a position akin to Lucian's sorcerer's apprentice: futilely attempting to control a runaway system that he had himself created, accumulating not only contradictions but outright catastrophe—with globe-spanning consequences.
July 1, 2026
"Old-style neoliberalism," write Riccardo Bellofiore and Giovanna Vertova "is dead, or at least gravely ill. The new paradigm that may replace it has not yet been born or is not yet recognizable. In the middle, between the times, lies what we have proposed to call the
permanent catastrophe: a regime in which capitalist responses in catastrophic form have become the norm, in which crises are no longer overcome but accumulate."
February 1, 2026
In this talk from the inaugural conference of the Society for Peace, Internationalism, and Ecology, John Bellamy Foster relates the story of Prometheus, as presented in the plays of Aeschylus, to Western Marxism's "dialectic of defeat," in which capitalism is portrayed as an unbreakable bond for the working class. Instead, Foster says, we must recognize Prometheus as a subject who is freed from the seemingly inescapable fetters imposed upon him.
November 1, 2025
In a follow-up to their May 2024 article about the IMF'S vise-grip on Argentina's economy, David Barkin and Juan E. Santarcàngelo examine how recent events continue to shape the efforts of the global and domestic ruling classes to dominate Argentine society through debt, currency scams, and political malfeasance. Underlying all of this, they note, is the continued encroachment of the IMF on Argentina's sovereignty, aided and abetted by the far-right president Javier Milei.
October 1, 2024
Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China's future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society.
July 1, 2023
Kent Klitgaard surveys degrowth thought, starting with the essential contradiction of capitalism presented by Marx, which gives rise to our current planetary crisis. Through an understanding this contradiction and degrowth literature spanning twentieth century, the author presents a plan for a sustainable and planned future socialist society.
March 1, 2023
In this reprise from October 1993, Henry Magdoff and Paul Sweezy ask: "Isn't there anyone around here who understands how this capitalist system works?"
December 1, 2022
The crypto winter, Ramaa Vasudevan writes, is here. Cryptocurrency, far from being a democratizing force in finance, has led to only further concentrations of wealth and power and increased precarity within the financial sector. The recent fall of Sam Bankman-Fried is only the beginning.
March 1, 2022
The Great Depression is almost one century old. Today in the United States we remember this international economic collapse, and the suffering it engendered, by reading novels and essays about it, watching plays, viewing paintings—often forgetting that the U.S. government of that time encouraged and financially supported much of this art. Not only art: the Depression was one of the few times that the federal government ever stepped in to help ordinary people get on their feet.
January 1, 2022
Notwithstanding an ongoing commitment to redouble its efforts, Cuban socialism has not taken full advantage of its own human and material resources to develop its productive forces. It is necessary to distinguish between our right and duty to struggle against the blockade and our expectations regarding what one can and cannot hope for if it is lifted.
