In my opinion, American capitalism no longer has any use for, let’s say, 40 percent of the population. These are the descendants of folks who were brought over here in one way or another during the period of capital accumulation. They’re now superfluous human beings. | more…
In bourgeois society a violation of property rights is the supreme injustice. Hybrids provided a solution in agriculture. Commercial hybrids decrease the yield of the following generation. This means that farmers have to renew their seed every year. Hence, hybrids create a perpetual market for seed. | more…
This landmark text by Paul Baran and Paul Sweezy is a classic of twentieth-century radical thought, a hugely influential book that continues to shape our understanding of modern capitalism. “This book… deals with a vital area of economics, has a unique approach, is stimulating and well written. It represents the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism.” — Howard J. Sherman, American Economic Review | more…