Article Subjects and Geography: Political Economy
Actual U.S. Military Spending Reached $1.537 Trillion in 2022—More than Twice Acknowledged Level: New Estimates Based on U.S. National Accounts
November 1, 2023
How much does it cost to maintain an empire? A stunning new analysis by Gisela Cernadas and John Bellamy Foster shows the true scale of U.S. military spending, which far outstrips conventional estimates, which use data gleaned from traditional sources.
What Do We Learn about Capitalism from Chip War?
November 1, 2023
Chip War (Simon and Schuster, 2022) by Chris Miller is a detailed accounting of the U.S. efforts to retain control of the computer chip industry—an industry that has become vital to nearly all aspects of modern life. Rahul Varman explores and expands on these themes, asking all the while: What can the escalating wars over this crucial technology teach us about global capitalism?
Platform Company Dominance and Labor Struggles in the Digital Economy: The Case of South Korea
November 1, 2023
Kyung-Pil Kim charts the history of the Korean platform economy through the rise of Naver and Kakao, the major firms dominating the markets. How do these companies operate? How did they achieve dominance? Finally, what are recent developments and challenges of labor organizing in this sphere?
Notes from the Editors, October 2023
October 1, 2023
At the center of the United States's New Cold War MR editors write, is the World Trade Organization, "the crown jewel of the liberal international order." After China's admittance into the WTO did not lead to the collapse of socialism in that country, presidents from Obama to Biden have gutted the institution and escalated the tariff war, all in the name of protecting the so-called rules-based international order.
China’s Health and Health Care in the “New Era”
October 1, 2023
What is the state of health care in China? Wei Zhang analyzes the deep institutional issues that plague China's health care system. Despite its timely and effective efforts to mitigate the COVID-19 crisis, the system still faces deep-seated challenges, many of which can be traced directly to the marketization of hospitals and medical care.
Notes from the Editors, September 2023
September 1, 2023
What is the New Washington Consensus? In this month's Notes from the Editors, MR editors discuss Washington's fundamental shift in its approach to China, moving from an emphasis on neoliberal globalization toward a new, more aggressive policy pursuing U.S. military and industrial supremacy.
What Every Child Should Know about Marx’s Theory of Value
September 1, 2023
Michael Lebowitz expounds on the simple truths found in Marx's theory of value—truths that, nonetheless, have been obscured by decades of incomplete theorizing that has failed to make key distinctions in the relationship between labor, value, and money.
Degrowth and Socialism: Notes on Some Critical Junctures
July 1, 2023
Increasingly, scholarship around degrowth and socialism are coalescing around certain shared ideas, namely, that capitalism is at the root of our planetary crisis. Güney Işıkara and Özgür Narin draw out key points of convergence among these thinkers, as well as discrepancies in the two approaches to creating a future egalitarian and sustainable society.
On Technology and Degrowth
July 1, 2023
There is a common misconception among critics that degrowth proponents do not engage with the question of technology, instead leaving the implementation of technological solutions to the planetary crisis to green growth advocates. Jason Hickel shows that not only is this narrative false, it obscures the possibilities for technology unfettered by capitalism.