Notes from the Editors, February 2021
February 1, 2021
We remember our good friend and comrade, Leo Panitch, one of the great socialist intellectuals of all time, who died on December 19, 2020, age 75.
Article Subjects and Geography: History
The Drain of Wealth: Colonialism before the First World War
February 1, 2021
The Western European powers appropriated economic surplus from their colonies, materially and substantially aiding their own industrial transition from the eighteenth century onward, as well as the diffusion of capitalism to the regions of new European settlement. In the case of India, the concept of drain is based on the fact that a substantial part of its earnings was never permitted to accrue to the country; it was instead appropriated by the ruling power: Britain.
Preface to the Persian Edition of The Ecological Revolution
February 1, 2021
The Ecological Revolution was first published a little more than ten years ago in April 2009, at a time when climate change had already been recognized as a pressing global issue for over two decades, but when there was still hardly any realistic discussion of its connection to capitalism or of the immense ecological and social revolution that would be required to overcome the Earth System crisis. Let us look back to understand the historical gulf separating that time from our own.
On Creative Destruction, Myths, and Revolution
February 1, 2021
It is a testament to the clarity and scope of Mark Jay and Philip Conklin's vision that A People's History of Detroit is replete with insights for those trying to make sense of these deeply uncertain and troubling times. In it, Jay and Conklin show that "in order to give a true 'people's history,' one must do more than condemn the malevolence of those in power and celebrate the activists who have struggled for justice; one must also come to terms with the social system in which these people lived. In our case, this means confronting the logic of capital."
The Continuing Korean War in the Murderous History of Bombing
January 1, 2021
The Korean War, which broke out on June 25, 1950, can be considered the epicenter of bombing as an instrument of war. For one, it was the first—and, so far, the last—time since 1945 that the United States seriously considered using atomic weapons during the course of an imperial war. It was the first war that the United States did not win. It ended in a stalemate—an armistice—that continues until today. Kinetic fighting was suspended, but the war continues (though only by one side) by what is conveniently but simplistically called sanctions.
A Portrait of Gil Green
January 1, 2021
Gil Green was a revolutionary who became J. Edgar Hoover's "most wanted man in America" until voluntarily surrendering to authorities in February 1956. He lived a life of integrity and courage.
Paul Baran’s Economic Surplus Concept, the Baran Ratio, and the Decline of Feudalism
December 1, 2020
Recently published and estimated historical data illustrate that economic surplus declined during the thirteenth and fourteenth centuries in England, helping explain the "crisis of feudalism" that started in the thirteenth century. It was not until several centuries later, when capitalism became the dominant economic system, that the economic surplus began to rise on a consistent basis, due to the reinvestment of a portion of the surplus into productive activities, a greater ratio of capital income to rental income, and a greater ratio of investment to economic surplus.
Decolonization in Practice: Lessons from Karuk Nation
December 1, 2020
Fundamental to Kari Marie Norgaard's Salmon and Acorns Feed Our People is the seizure of land most evident in the overtly violent era of state-sanctioned frontier genocide and forced relocation of the Karuk. Settler colonialism, Norgaard reminds us, is an ongoing state-led project up to this day—it is not just a moment relegated to the past and, thus, the inherent treatment of Native Americans as relics of U.S. history must be challenged.
The Left and the Class Struggle
December 1, 2020
Both Toni Gilpin's The Long Deep Grudge and Michael Goldfield's The Southern Key offer ample evidence that the grand era of U.S. labor history scholarship is not yet past. The Long Deep Grudge is in equal parts labor history and family reminiscence as Gilpin seeks the fuller story of her father, who played a leadership role in the United Auto Workers union. The Southern Key is in many ways a study of a different variety, but very much of a similarly militant kind. Goldfield, a labor activist veteran himself, draws the big picture of what he sees as the central failure of the U.S. left: the failure to organize the South.
Notes from the Editors, November 2020
November 1, 2020
In this issue of Monthly Review, we publish two articles marking the two-hundredth anniversary of the birth of Frederick Engels. In the attempt to address our planet's ecological crisis, Engels's work has once acquired a renewed importance. His analysis of the dialectics of nature was to play a formative role in the development of modern ecological and evolutionary views and is now being rediscovered in that context.