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…
Arianto Sangadji traces the relationship between the state and mining capital in Indonesia throughout the historical capitalist development of the country from Dutch colonialism to the contemporary practices of multinational mining corporations. While these powerful firms have generated significant profits, they are also associated with dispossession, environmental degradation, and ruthless labor exploitation, spurring resistance from the local populations. | more…
The perception that we are living in a critical historical period regarding the conditions of habitability on Earth—not only for humans but for many other living organisms too—is gaining more and more adepts among common people, academics, politicians, and social movements. This critical period has been typified as the planetary crisis of the Anthropocene Epoch and studies undertaken in the present century show that habitability on Earth is progressively deteriorating. | more…
In this reprint of the February 1994 “Notes from the Editors,” former MR editors Harry Magdoff and Paul M. Sweezy ask: “The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on?” | more…
Mariko Frame reviews The Future is Degrowth: A Guide to the World Beyond Capitalism, by Matthias Schmelzer, Andrea Vetter, and Aaron Vansintjan (Verso, 2022) and its explorations of the policies, vision, and strategies for social change required for the burgeoning movement. | more…
From the era of overt eugenic research to the present-day education system, the attempts to categorize and rank individuals’ “intelligence” through testing and statistics reflects and reinforces the power of racist, capitalist, and imperialist institutions. | more…
Over the last 11,700 years, during which human civilization developed, the earth has existed within what geologists refer to as the Holocene Epoch. Now science is telling us that the Holocene Epoch in the geological time scale ended, replaced by a new more dangerous Anthropocene Epoch, which began around 1950. The onset of the Anthropocene Epoch is characterized by an “anthropogenic rift” in the biological cycles of the Earth System, marking a changed reality in which human activities are now the main geological force impacting the earth as a whole, generating at the same time an existential crisis for the world’s population. | more…
Time is running out for humanity to avoid a catastrophic planetary tipping point. Widespread mass mobilizations of populations worldwide must fight to bring about revolutionary societal changes and dismantle neoliberal monopoly capitalism, with its reliance on extractive exploitation of our planet’s resources and communities. | more…
Climate imperialism has emerged as a new—and potentially even the most lethal—form of imperialism in the world economy today. Confronting it requires recognizing and dealing with all its different aspects. But it also requires addressing the monopolies of knowledge created by the global regime of intellectual property rights that has been instituted and cemented by hegemonic world powers. | more…
For most economists, labor is simply a commodity, bought and sold in markets like any other – and what happens after that is not their concern. Individual prospective workers offer their services to individual employers, each acting solely out of self-interest and facing each other as equals. The forces of demand and supply operate so that there is neither a shortage nor a surplus of labor, and, in theory, workers and bosses achieve their respective ends. Michael D. Yates, in Work Work Work: Labor, Alienation, and Class Struggle, offers a vastly different take on the nature of the labor market. | more…
Time is running out for the world to carry out the social transformations necessary to avert irreversible climate catastrophe, keeping the increase in global average temperatures below 1.5°C (or below 2°C). The most optimistic scenario currently provided by the UN Intergovernmental Panel on Climate Change (IPCC) describes a pathway in which the increase in temperature will not rise to 1.5°C until 2040, peaking at 1.6°C, and then falling back to 1.4°C by the end of this century. But to achieve this will require revolutionary scale transformational change in global social relations affecting the human relation to the climate and the planetary environment as a whole. | more…
We are facing today the most pronounced and remarkable of all contradictions: that between “capital’s time” and “nature’s time.” As a result, a series of intertwined ecological and social crises have come together, posing existential threats to life on the planet. | more…