March 1, 1998
A striking feature of the mountain of talk about the Asian crisis is that its root cause is all too often ignored The focus of the media and the pundits is on weak banks, bad management, corrupt officials, heavy indebtedness, excess speculation, and the fragility of the financial markets. Typically, the disaster is viewed as a regional affair. A rare exception is the statement of Eisuke Sakakibara, Japan's vice-minister for international finance: “This isn't an Asian crisis. It is a crisis of global capitalism.” (Business Week, January 26, 1998) But he too was apparently thinking of financial markets, concerned with effects, not causes.
March 1, 1998
It has, unfortunately, taken far too long for Marxists to take environmental issues seriously. There are some good reasons for this, including the undoubtedly “bourgeois” flavor of many of the issues politicized under that heading (such as “quality of life” for the relatively affluent, romanticism of nature, and sentimentality about animals) and the middle class domination of environmental movements. Against this, it must also be recognised that communist/socialist government have often ignored environmental issues to their own detriment (the pollution of Lake Baikal, the destruction of the Aral Sea, deforestation in China, being environmental disasters commensurate with many of those attributable to capitalism). Environmental issues must be taken seriously. The only interesting question is how to do it
February 1, 1998
Monthly Review was chosen for a 1997 Frederick Douglas Award, an award given annually by the North Star Fund. We were of course pleased to be so honored and thought that MR readers would be interested to learn more about it. In fact, considering that so many of you, as supporters and friends, are members of the MR family, the award properly belongs to you as well as the staff.
February 1, 1998
We live in an age of unprecedented historical crisis. Its severity can be gauged by the fact that we are not facing a more or less extensive cyclic crisis of capitalism as experienced in the past, but the deepening structural crisis of the capital system itself.
January 1, 1998
MR has always been known for its style as well as its substance. We've always aimed for depth of analysis without sacrificing clarity and accessibility. We've also tried to keep our articles relatively short, not just to maintain the small and affordable size of the magazine but also because we're writing for an audience of socialists who lead busy lives—for people who work long and hard hours, in factories, offices, educational institutions, and at home, and for activists no less than for intellectuals.
December 1, 1997
The New Yorker dated October 20-27 carries, along with a generous menu of futurology, a sensational article on the past and present. It is entitled “The Return of Karl Marx,” by John Cassidy, who is self-identified as an Oxford-educated friend of “a highly intelligent and levelheaded Englishman whose career has taken him…to a big Wall Street investment bank.” Visiting with his friend at the latter's Long Island summer home during the early summer, the two discussed the economy and speculated on how long the current financial boom would last.
December 1, 1997
By the early 1980s the more perceptive sectors of the neoliberal ruling classes realized that their policies were polarizing the society and provoking large-scale social discontent. Neoliberal politicians began to finance and promote a parallel strategy “from below,” the promotion of “grassroots” organization with an “anti-statist” ideology to intervene among potentially conflictory classes, to create a “social cushion.” These organizations were financially dependent on neoliberal sources and were directly involved in competing with socio-political movements for the allegiance of local leaders and activist communities. By the 1990s these organizations, described as “nongovernmental,” numbered in the thousands and were receiving close to four billion dollars world-wide
November 1, 1997
Ecology, a.k.a. environmental studies, is a relatively new area of scientific interest, mostly a product of the second half of the twentieth century and rapidly growing as the century draws to a close. It combines in one way or another most of the physical and social sciences, defies any attempt to force it into a neat definition of its own, and increasingly raises and attempts to cope with daunting problems such as the future of the human species and other forms of life on earth. No wonder it is an area not only of scientific interest, but also of excitement, confusion, brilliant insights, and stubborn adherence to self-serving dogmas.
October 1, 1997
We are writing at the end of August. The two main events of the summer have been (1) the apparent ending of the long stock-market boom of the last few years, and (2) the successful strike of the teamsters against UPS. Neither can be said to have been anticipated and together they point to the emergence of new trends in the period ahead.
October 1, 1997
Global neoliberalism parades victoriously through our era, monopolizing its discourse and ideology. To confront the inherent perversity of the capitalist system's universal domination we need, more than ever, alternative modes of thinking and acting that are universal, global, planetary. We need ideas and models that, in a thoroughly radical fashion, confront the worship of the market and of money which has become the dominant credo of the moment. As is the case with very few other leftist leaders of the twentieth century, the legacy of Ernesto ‘Che’ Guevara—universal spirit, internationalist and consistent revolutionary—continues to mount such a challenge.
