March 1, 2019
To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today's global monopolies in the center of the world economy have captured value generated by labor in the periphery within a process of unequal exchange, thus getting "more labour in exchange for less. The result has been to change the global structure of industrial production while maintaining and often intensifying the global structure of exploitation and value transfer.
March 1, 2019
In 1957, in the Political Economy of Growth, Paul Baran made a seminal contribution to our understanding of the connection between economic surplus—a concept he introduced into the development discussion—and growth. Given that the ruling class controls the surplus of society, how the surplus is used—whether it is invested, consumed, or simply wasted—is at its discretion. The effective utilization of surplus implies a reasonable rate of capital accumulation and economic development. In the following study of the utilization of surplus I compare the size of surplus and gross capital formation in a variety of countries starting from the mid–nineteenth century.
February 1, 2019
Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological "death spiral." Many of the symptoms of the failure of capitalism are well-known. Nevertheless, they are often attributed not to capitalism as a system, but simply to neoliberalism, viewed as a particular paradigm of capitalist development that can be replaced by another, better one. A critical-historical analysis of neoliberalism is therefore crucial both to grounding our understanding of capitalism today and uncovering the reason why all alternatives to neoliberalism and its capitalist absolutism are closed within the system itself.
October 1, 2018
In the last piece he wrote before his passing, Samir Amin revisits, for our age, the most important revolutionary document of all time, the Communist Manifesto. In a fitting conclusion to the work of a great revolutionary intellectual, Amin seeks nothing less than to explain the changing world trajectory from 1848 to 2018. Against the persistent vision of the globalized development of capitalism, he puts forward a vision for the transformation of the world through revolutionary processes—breaking with the submission to the deadly vicissitudes of the decadence of civilization.
September 1, 2018
Linda Backiel is a criminal defense attorney practicing in San Juan, Puerto Rico.
March 1, 2018
Nuclear weapons have been used again and again—most often by the United States—as threats directed at various nation-states to achieve geopolitical ends. Each such use takes us closer to the precipice of all-out nuclear war.
February 1, 2018
The decline of Western dominance over the capitalist world system and the concurrent rise of Asia demand a deconstruction of the accepted wisdom of economic history. Understanding the legacy of Eurocentrism in both the rise of capitalism and its historiography is necessary if we are to challenge the dominant discourse and ideological assumptions of the so-called "European miracle."
January 1, 2018
The United States was founded as an empire on conquered land, and firearms manufacturing was one of the country's first successful modern industries. Gun proliferation and gun violence today are among its legacies.
December 1, 2017
I first arrived in Mozambique to write about its progress through human-interest stories, through the stories of women. But cracks began to appear in the beautiful façade that independence had constructed. A question insinuated itself: Was it worth it?
December 1, 2017
In the early years of the Cold War, the academic study of international relations was an ideological tool serving the foreign policy of the United States and its allies. But in the 1960s, a new generation of scholars began to challenge the reigning orthodoxy.
