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. | more…
Minqi Li asks: How can China, the world’s largest energy consumer, be “de-grown”? What policies and institutions must change, and what are the potential social implications? How can social ownership of production, redistribution of wealth the working class, and democratically controlled planning bring the country closer to a zero growth scenario? | more…
The popular narrative that capitalism has led to a general improvement in human well-being over the last two hundred years is, historical data show, not supported by evidence. Jason Hickel and Dylan Sullivan enumerate the empirical and methodological problems on which this narrative is built and explore the potential benchmarks for truly understanding human welfare. | more…
In nine theses, Michael Löwy elaborates on the central themes of ecosocialist degrowth. “The ecological crisis,” he begins, “is already the most important social and political question of the twenty-first century.… The future of the planet, and thus of humanity, will be decided in the coming decades.” | more…
“Degrowth” may often be associated with the left, but can also have conservative—even ecofascist—implications. What do proponents and critics mean by “degrowth”? How do these differences play out ideologically? Ying Chen writes that, for radicals, the answer is to place the economic system at the center of the degrowth narrative, thus naming the system that must be replaced with a more just and equitable socialist society. | more…
As the Pentagon gains approval for yet another record-breaking budget, the editors examine a perennial question: Why does the United States oligarchy need such an outsized military machine in the modern era? The answer is found in the current era of naked imperialism, accompanied, as always with deadly militarism. | more…
The working class is being robbed, both through outright expropriation and the more hidden exploitation of countless workers who are struggling to make ends meet while capitalists pocket the surplus value they produce. Fred Magdoff and John Bellamy Foster dissect the neoliberal assault on the working class that is spurring a new generation of labor organizing. | more…
The success of the telecommunications industry in India has been heralded as a “miracle.” But a miracle for whom? The answer, Rahul Varman writes, has clearly been the capitalist class, who, over three decades, have amassed tremendous wealth and power through the machinations of large firms, in collusion with the Indian government. | more…
The Fishing Revolution is a rarely explored, yet critical, event in the evolution of capitalism. Ian Angus elaborates on this revolution in the global marketplace and its role as a cornerstone of imperialism, colonialism, and capitalism in the sixteenth and seventeenth centuries. | more…
In this reprise from October 1993, Henry Magdoff and Paul Sweezy ask: “Isn’t there anyone around here who understands how this capitalist system works?” | more…
The crypto winter, Ramaa Vasudevan writes, is here. Cryptocurrency, far from being a democratizing force in finance, has led to only further concentrations of wealth and power and increased precarity within the financial sector. The recent fall of Sam Bankman-Fried is only the beginning. | more…