Article Subjects and Geography: Global
The U.S. Ruling Class and the Trump Regime
April 1, 2025
John Bellamy Foster revisits and critiques the contention that the U.S. capitalist class is not a “governing” class, or indeed a class-conscious bloc in any sense. However, he writes, the fact that the ruling-class oligarchy is now openly wielding power on the national and international stages as part of the Trump regime shows that the overwhelming political influence of the capitalist class is no longer in dispute as this alignment pushes the country deeper into neofascism.
March 2025 (Volume 76, Number 10)
March 1, 2025
The editors analyze recent shift in mainstream discourse away from the goal of energy transition toward capitalist friendly policies that allow corporations to receive large subsidies for inadequate “solutions.” Despite the scientific consensus that these are insufficient to tackle the planetary crisis, capital and its advocates continue to promote the abandonment of the energy transition in the effort to maintain U.S. imperial dominance and feed its hunger for fossil fuels.
The Necessity of a Universal Project
March 1, 2025
In this excerpt from Ellen Meiksins Wood’s In Defense of History, Wood appraises the state of postmodern thought in the late twentieth century. “Today’s postmodernism,” Wood writes, “for all of its apparently defeatist pessimism, is still rooted in the ‘Golden Age of Capitalism.’ It’s time to leave that legacy behind and face today’s realities.”
Arghiri Emmanuel and Unequal Exchange: Past, Present, and Future Relevance
March 1, 2025
Torkil Lauesen delves into the legacy of celebrated Arghiri Emmanuel, whose theory of unequal exchange resonates well into the twenty-first century. Introduced in 1962, Emmanuel’s critique of Ricardian and neoliberal capitalism further illuminated the Marxist concept value as it relates to global exchange and the ongoing exploitation of the Global South by the Global North.
February 2025 (Volume 76, Number 9)
February 1, 2025
The editors recall the life and accomplishments of Amiya Kumar Bagchi, a leading light among contemporary Marxist political economists. Bagchi’s insights challenged prevailing Eurocentric ideas about economic history while providing a path forward through a collective, united, anti-imperialist resistance.