February 1, 2014
Any review of the recent ups and downs of U.S. labor must start in Michigan, long a bastion of blue-collar unionism rooted in car manufacturing. Fifteen months ago, this Midwestern industrial state became another notch in the belt of the National Right to Work Committee, joining the not-very-desirable company of Texas, Oklahoma, Alabama, and twenty other "open shop" states.… The emergence of sun-belt labor relations in the birthplace of the United Auto Workers (UAW) was shocking to some. But this political setback was preceded by high-profile defeats in neighboring states that began in 2005. First Indiana, followed by Wisconsin and Ohio, stripped public workers of their bargaining rights (although the Republican attack on government employees was later repelled by popular referendum in the Buckeye State). Then in early 2012, GOP legislators in Indiana passed a right-to-work law applicable to private industry.
February 1, 2014
Social inequalities and exclusions can devastate people's lives, especially when they are far from the centers of power and control. This wreckage can be seen in many different parts of their lives, but particularly in their health. The health of any given country's population is primarily determined by politics, and public policies play a critical role. All over the world, countries with a history of egalitarian ideologies, and corresponding policies aimed at reducing social inequalities, have healthier populations. The Indian state of Kerala, which has a long-running radical political tradition and a history of social-reform movements in the early twentieth century, is acclaimed for its achievements in health and social-sector development, including low levels of mortality and fertility, and high levels of life expectancy and literacy—all despite its low-performing economy. Kerala has become a veritable mecca for other low-income nations in social development and health advancement.
February 1, 2014
The need for the establishment and successful operation of The New International is painfully obvious and urgent today. The enemies of a historically sustainable societal reproductive order, who occupy at the present time still the dominant position in our increasingly endangered world, do not hesitate for a moment to exploit in the interest of their destructive design, with utmost cynicism and hypocrisy, the existing decision-making and opinion-forming organs of the international community, from the Security Council of the United Nations to the great multiplicity of the national and international press and to the other mass media under their direct material stranglehold.… At the same time the adherents of the much needed socialist alternative are fragmented and divided among themselves, instead of internationally combining their strength for the cause of a successful confrontation with their adversaries.
February 1, 2014
Gus Speth, America the Possible: Manifesto for a New Economy (New Haven: Yale University Press, 2012), 272 pages, $18, paperback.
The phrase "you've come a long way, Gus" kept bouncing around in my head as I read Gus Speth's surprising new book America the Possible (Manifesto for a New Economy). The man whom Time called the "ultimate insider" tells how he was arrested in front of the White House in August 2012 and spent a couple days in the District of Columbia jail for protesting the Keystone XL pipeline.… There is little that is completely new in America the Possible for long-term Monthly Review readers, but Speth's breathtaking admission of the futility of expecting change from working inside the establishment is totally believable. Who, after all, could be better qualified to say "Been there, done that?" What is the most useful in Speth's book is the detailed catalogue of specific proposals which, if implemented, would revolutionize (not Speth's word) U.S. society from top to bottom.
January 1, 2014
On November 16, 2013, Paul Krugman published a piece on his New York Times blog entitled "Secular Stagnation, Coalmines, Bubbles, and Larry Summers," consisting of an extended commentary on former Clinton Treasury Secretary and Obama economic advisor Lawrence Summers's November 8 presentation to the IMF's Economic Forum.… Krugman, in following up on Summers's IMF speech, highlighted Alvin Hansen's theory of secular stagnation in the 1930s to '50s.… [acknowledging that] long-term economic stagnation…was now "the norm" for the economy, not the exception.… Writing in a fashion that could have come straight out of Monthly Review at any point in the last forty years, he declared: "We now know that the economic expansion of 2003–2007 was driven by a bubble. You can say the same about the later part of the 90s expansion; and you can in fact say the same about the later years of the Reagan expansion, which was driven at that point by runaway thrift institutions and a large bubble in commercial real estate." But in trying to understand how stagnation itself came about and created this whole irrational set of economic conditions, Krugman…failed to draw attention to the much more important problem of investment under conditions of overcapacity and mature industry, as well as the whole question of monopolistic/oligopolistic capitalism—all of which were taken seriously at some level by Hansen, and were developed in a far more radical way by socialist thinkers such as Michał Kalecki, Joseph Steindl, Paul Baran, and Paul Sweezy.
January 1, 2014
Modern capitalism, sociologist Max Weber famously observed early in the twentieth century, is based on "the rational capitalistic organization of (formally) free labor." But the "rationality" of the system in this sphere, as Weber was to acknowledge elsewhere, was so restrictive as to be in reality "irrational." Despite its formal freedom, labor under capitalism was substantively unfree.… This was in accordance with the argument advanced in Karl Marx's Capital. Since the vast majority of individuals in the capitalist system are divorced from the means of production they have no other way to survive but to sell their labor power to those who own these means, that is, the capitalist class.… The result is a strong tendency to the polarization of income and wealth in society. The more the social productivity of labor grows the more it serves to promote the wealth and power of private capital, while at the same time increasing the relative poverty and economic dependency of the workers.
January 1, 2014
In the past two decades, China's economic growth has been increasingly dependent on investment. To maintain the growth of investment, China must sustain a fairly high rate of profit, and the fall in labor's share has been seen as a crucial factor to sustain profitability.… Although the mainstream economists have widely admitted there is a downward trend for labor's share in China, they explain this trend with a story that has nothing to do with class struggle. In this story, the decline of labor's share is caused by sectoral changes, mainly the decrease of agriculture and the increase of industry and services as a percent of GDP in the reform era…. [But] Does the decline of labor's share result from sectoral changes?… [In fact] the decline of labor's share resulted from the loss in the power of the working class during the transition to capitalism. Sectoral changes have disguised the class conflicts in this historical process.
January 1, 2014
Acute economic and political drama mark contemporary Europe. The terrible trauma of the financial crisis has been followed by a sovereign-debt disaster. In the countries most deeply affected, the people have been faced with massive attacks on public services, wages, pensions, trade unions, and social rights. The draconian austerity policies have pushed the situation in those countries from bad to worse, leading them into a deep depression.… Confronted with these multiple crises, the traditional labor movements appear perplexed and partly paralyzed. Social democracy is in political and ideological disarray and confusion, reflecting a deep crisis in these movements. On the one hand, social democrats have played a leading role in fierce attacks on trade unions and the welfare state in countries where they have been in power. On the other hand, other social democrats adopt statements and support appeals that sharply condemn the political course now followed by the European Union.
January 1, 2014
Marge Piercy is the author of eighteen poetry books, most recently The Hunger Moon: New & Selected Poems, 1980–2010 from Knopf. Her most recent novel is Sex Wars (Harper Perennial) and PM Press has republished Vida and Dance the Eagle to Sleep with new introductions.
January 1, 2014
Vijay Prashad, The Poorer Nations: A Possible History of the Global South (New York: Verso, 2012), 280 pages, $26.95, paperback.
Former UN Secretary General Boutros Boutros-Ghali sets the tone in his introduction to The Poorer Nations, arguing that the moment has arrived for scholars from the underdeveloped world of plundered resources and impoverished people to make the necessary statements themselves, rather than leaving that work to the first world left. Boutros-Ghali makes one other important point: that Prashad is hard at work rediscovering the hopes of earlier decades, the moment of anti-colonialist hopes, of common feeling among various nationalities and nations freeing themselves and looking forward to a kind of communitarian developmental process that was, often enough, called "socialism."
