April 1, 2011
For decades, major global and regional powers have waged war against those they accuse of fighting immorally—that is, those who use terrorism to harm civilians at home and abroad. Paradoxically, these righteous "wars on terror" are being fought in an era in which the distinction between war waged only against soldiers, and war against soldiers as well as civilians has virtually collapsed. The technological development, stemming from the Industrial Revolution, of aerial bombardment and weapons of mass destruction has made it more difficult to separate citizen from soldier.… [but] it is imperative that this distinction hold. In waging wars on terror, [upholding the soldier/citizen distinction] permits globally powerful nations to rally public opinion under the assertion that what separates us (self) from them (other) is that civilian life is paramount for us and not for "the terrorists."
March 1, 2011
A specter is haunting Ireland—the specter of James Connolly.… Connolly was shot to death by a British firing squad for his role in Ireland's 1916 rising for home rule. Celebrated as a hero of Irish independence by Irish political parties of both left and right, his socialism is all too conveniently overlooked. The Irish struggle is one that speaks to the challenges of independence, sovereignty, and democratic freedom, both then and now, for people of all countries. What value is formal political independence if it is not backed up by economic control; if the real decisions of public policy are made in boardrooms and backrooms rather than main streets and parliaments?
January 1, 2011
How is it possible that a person living in a water-rich region uses more water by flushing the toilet than a person in a water-scarce region has available for drinking, food-preparation, hygiene, and cleaning—for a whole day? How is it possible that a woman living in a water-rich region only needs to open the tap to get enough water for herself and her family, while a woman in a water-scarce region has to…walk for miles and miles to get far less water of much worse quality? Why is that so? Is it bad fortune? Unfair? Destiny? Undeserved? Is it unjust? It is all these, but also much more. Water is the essence of life. It is the precondition of life.… This article has two parts. The first deals with dominant positions concerning water: the neoliberal agenda, consequences of water privatization, and the UN stance. The second part looks at what is missing in this picture and ignored by the dominant perspectives—namely, global inequalities and gender discrimination.
October 1, 2010
There are three dimensions to the current, unprecedented global crisis of capitalism: economic, ecological, and political.
Let us look first at the economic dimension, which will be our main concern in this article. Capitalism is facing a major realization crisis—an inability to sell the output produced, i.e., to realize, in the form of profits, the surplus value extracted from workers' labor. Neoliberalism can be viewed as an attempt initially to solve the stagflation crisis of the 1970s by abandoning the "Keynesian consensus" of the "golden age" of capitalism (relatively high social welfare spending, strong unions, and labor-management cooperation), via an attack on labor. It succeeded, in that profit rates eventually recovered in the major capitalist economies by the 1990s
September 1, 2010
During the period stretching from the 1970s through the 1990s, Monthly Review, under the editorship of Harry Magdoff and Paul Sweezy, stood apart in its analysis of the tendency to economic stagnation in advanced capitalism and its view that the economic slowdown beginning in the 1970s was a manifestation of this secular tendency. The financial explosion that also emerged in these years was seen as an attempt by the system to stave off stagnation by means of credit-debt expansion, but at the cost of increasing financial fragility
November 1, 2009
Today the capitalist economies of the world are in deep trouble. Some economists have theorized that the linkages between the United States and the rest of the world had been weakened as other nations gained more economic autonomy. A decoupling thesis was presented claiming that a crisis in one part of the system (say, North America) would not affect other major parts (say, Europe and Asia). We now know this is not true. Toxic assets were sold around the world, and banks in Europe, Asia, and Japan are in trouble too. Housing bubbles have burst in Ireland, Spain, and many other countries. In Eastern Europe, homes were bought with loans from Swiss, Austrian, and other European banks, payable in European currencies. As the economies of Hungary and other nations in the region, which financed their explosive growth with heavy borrowing from Western banks, have gone into recession, their currencies have suffered a sharp deterioration in exchange rates. This means that mortgage payments have risen sharply, as it now takes many more units of local currency to buy the Swiss francs or euros needed to pay the loans. In some cases, mortgage payments have doubled.
July 1, 2009
The "world food crisis" of 2007–08 was the tip of an iceberg. Hunger and food crises are endemic to the modern world, and the eruption of a rapid increase in food prices provided a fresh window on this cultural fact. Much like Susan George's well-known observation that famines represent the final stage in an extended process of deepening vulnerability and fracturing of social reproduction mechanisms, this food "crisis" represents the magnification of a long-term crisis of social reproduction stemming from colonialism, and was triggered by neoliberal capitalist development.
April 1, 2009
As the first tremors of the looming financial crisis ripped through Wall Street, with the meltdown of the subprime mortgage market in the summer of 2007, the dollar plunged sharply. Perversely however, even as some financial pundits were foretelling its collapse, the deepening of the crisis following the bankruptcy of Lehman Brothers in September 2008 actually saw the dollar gain ground sharply (for the first time since the steady decline that began in 2002.
March 1, 2009
In the opening decade of the twentieth century the German national state united the great majority of the German speaking population of Europe, excluding only those in Switzerland and the Austro-Hungarian Empire, and was among the leading states of the world. It boasted technologically advanced industry, among the highest per capita GDP, and the second largest army and third largest navy in the world. Germany was at peace, save for minor military operations against disobedient natives in Southwest Africa. It was a state that was among world leaders in providing basic social insurance, yet held sacred private property and the rule of law, except only in strictly prescribed areas of national security. In the opening decade of the twenty-first century the German national state unites the great majority of the German speaking population of Europe, excepting only those in Switzerland and Austria, its industry is technologically advanced and its per capita GDP high. Its military budget is the sixth largest in the world, and it is at peace, save for minor military operations against disobedient natives in Afghanistan. Despite cutbacks, few states in the world have better provision of basic social insurance, and Germany today prides itself on holding private property to be sacred and on its adherence to the rule of law, except for a few strictly prescribed areas of national security. In the fourth and fifth decades of the twentieth century the German national state committed crimes universally agreed to be the most horrendous in human history.
December 1, 2008
British subordination to the United States, the so-called special relationship as it is optimistically known in London, is so taken for granted that it is seldom subjected to critical scrutiny. Why is it that the British ruling class and its agents have since 1945 come to embrace a junior partnership in the U.S. empire so wholeheartedly? Most recently, the "special relationship" has seen the New Labor government actively support and take part in the invasion and occupation of Iraq in the face of a hostile public opinion. Indeed, the largest demonstration in British history, on February 15, 2003, was against British participation in this unprovoked war of imperialist aggression. The lying, dishonest pretext for the invasion together with
