March 1, 2010
In summer 2009, the case of Rosendo Radilla, the first to deal with forced disappearance by the Mexican state, went before the Inter-American Court of Human Rights (IAHRC). In December, the Court found Mexico guilty of the crimes of systematic human rights violations and forced disappearance. This was a landmark development led by the Association of Relatives of the Disappeared and Victims of Violations of Human Rights in Mexico (AFADEM) and the Mexican Commission for the Defense and Promotion of Human Rights (CMDPDH) in a struggle with the Mexican government to obtain information on what happened to those disappeared by the authorities during the country's guerra sucia, or dirty war, in the 1970s.
March 1, 2010
Margaret Randall, To Change the World: My Years in Cuba (Piscataway, NJ: Rutgers University Press, 2009), 256 pages, $24.95, paperback.
Margaret Randall has always been too much of a feminist for the socialists and too much of a socialist for the feminists. She is one of the foremost oral historians of recent revolutionary history and, more specifically, of the history of women in revolutions. Yet her work has been consistently undervalued. Her memoir…is a rare double opportunity: an intimate look at the Cuban Revolution from 1969 to 1980, and a fascinating portrait of the development of a historian, poet, and political thinker.
February 1, 2010
Three years ago, in December 2006, I wrote an article for Monthly Review entitled "Monopoly-Finance Capital." The occasion was the anniversary of Paul Baran and Paul Sweezy's Monopoly Capital, published four decades earlier in 1966.…The article…[discussed] "the dual reality" of stagnant growth (or stagnation) and financialization, characterizing the advanced economies in this phase of capitalism. I concluded that this pointed to two possibilities: (1) a major financial and economic crisis in the form of "global debt meltdown and debt-deflation," and (2) a prolongation of the symbiotic stagnation-financialization relationship of monopoly-finance capital. In fact, what we have experienced in the last two years, I would argue, is each of these sequentially: the worst financial-economic crisis since the 1930s, and then the system endeavoring to right itself by returning to financialization as its normal means of countering stagnation. It is thus doubly clear today that we are in a new phase of capitalism. In what follows, I shall attempt to outline the logic of this argument, as it evolved out of the work of Baran, Sweezy, and Harry Magdoff in particular, and how it relates to our present economic and social predicament.
January 1, 2010
The Italian communist philosopher Antonio Gramsci makes, in his Prison Notebooks, the following insightful remarks regarding the character of critical work and reflection. He states: "The beginning of a critical elaboration is the consciousness of that which really is, that is to say a 'knowing of yourself' as a product of the process of history that has unfolded thus far and has left in you, yourself, an infinity of traces collected without the benefit of an inventory. It is necessary initially to make such an inventory." In what follows I will undertake such a task.
December 1, 2009
There are widespread misconceptions about numerous aspects of the Chinese revolution. These include a misreading of the Great Leap Forward, the Cultural Revolution, and the "reforms" of the post-Mao era, and the reaction of the overwhelming mass of the peasantry to these movements. Although the revolutionary programs/movements resulted in significant hardships—on the rural population (the Great Leap Forward, 1958-61) or the intellectuals (the Cultural Revolution, 1966-76)—they both produced concrete achievements in the countryside that led to impressive gains in agricultural production and in people's lives. In contrast, the post-Mao era "reforms" have resulted so far in a huge growth of inequality in China, with the rural population suffering greatly by the dismantling of public support for health and education. In addition, local and regional officials have sold farmland for development purposes, usually lining their own pockets, with inadequate compensation for the farmers. This has resulted in the current massive unrest in rural areas, involving literally hundreds of thousands of incidents with protesting farmers.
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.
October 1, 2009
At the time of this writing (late August), the business news in the United States is full of discussions of "recovery" from the worst economic crisis since the Great Depression. Yet, while the economy appears to have bottomed out and a recovery of sorts may be in the works, this is in many ways misleading. Although a technical or formal recovery seems quite likely by the end of the year — with a small increase in economic growth mainly due to inventory restocking — it is unlikely to feel like a recovery to most individuals in the society. This is because official unemployment is projected to rise to the low double-digits by the end of this year or the beginning of next year — with the numbers of those dropping out of the labor market due to discouragement, or seeking part-time work because they are unable to obtain a full-time job, also growing. All of this points to a "jobless" and "wageless" recovery. As New York University economist Nouriel Roubini wrote in an August 13 column for Forbes.com, "It is very difficult to argue that the U.S. economy is not still in a recession while the labor market is still weak." Indeed, what is really at issue is not simply recession and recovery but the longer-term structural crisis of capitalism. This is the subject of the Review of the Month, which seeks to place the current crisis in the context of the long-term development of capital accumulation and crisis.
October 1, 2009
William I. Robinson, Latin America and Global Capitalism: A Critical Globalization Perspective (Baltimore: The John Hopkins University Press, 2008), 412 pages, $55.00, hardcover.
Latin America and Global Capitalism delivers a scathing indictment of neoliberal globalization from an explicitly anti-capitalist perspective. Its scope is theoretically and empirically ambitious, beginning with a wide-ranging treatment of structural shifts in global capitalism since the early 1970s, before turning to rigorous examination of a range of themes in Latin American political economy in light of these global changes. Robinson then brings these threads together with an argument that neoliberalism entered its twilight phase in the region beginning with the recession of the late 1990s and early 2000s, as extra-parliamentary mass movements concomitantly exploded onto the scene and a variety of self-described left governments took office. The focus then tightens, with conjunctural analyses of the current upsurge in indigenous revolts, the immigrant rights movement in the United States, and the complicated and contradictory processes of the Bolivarian Revolution in Venezuela.
September 1, 2009
The current period is marked by three overlapping developments: the failure of neoliberalism, the crisis of the East Asian export-led growth model, and South American efforts to advance an alternative regional development strategy. The combination has created a political environment offering important opportunities for those committed to the international struggle to supplant capitalism.
September 1, 2009
The U.S.-India nuclear deal was initiated through a framework agreement signed by India's Prime Minister Manmohan Singh and U.S. President Bush in July 2005. India, at the instigation of Washington, agreed to separate its civilian and military nuclear production facilities, and place all civilian production facilities under the inspection regime of the International Atomic Energy Agency (IAEA), in return for U.S. economic, technological, and military cooperation. The nuclear deal, which took three years to complete, is officially aimed at promoting India's access to uranium and to civilian nuclear technology, through enlarged importation of both. Whereas nuclear energy contributed a reported 2.5 percent of India's energy requirements in 2007, the deal is expected to boost the contribution of the nuclear sector to India's electricity supply, without reducing India's primary dependence on coal. From its very start, the U.S.-India nuclear deal has generated huge controversies, both in India and internationally. The intent here is to lay bare the implications of the deal for the creation of waste, while putting aside, for the moment, other important controversies associated with the nuclear agreement.
