The South African political class appears to have finally recognized the depth of the crisis into which the country’s capitalist system has sunk. Can the government’s new Radical Economic Transformation program begin to address the profound inequalities that remain at the heart of South African society? | more…
From the sixteenth through the nineteenth centuries, millions of Africans and Native Americans were enslaved and traded by European settlers in the Americas. This story of slavery, colonialism, and emerging capitalism—and their handmaiden, white supremacy—is integral to that of modernity itself. | more…
Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx’s theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. | more…
Virtually no part of the modern United States—the economy, education, constitutional law, religious institutions, sports, literature, economics, even protest movements—can be understood without first understanding the slavery and dispossession that laid its foundation. To that end, historian Gerald Horne digs deeply into Europe’s colonization of Africa and the New World, when, from Columbus’s arrival until the Civil War, some 13 million Africans and some 5 million Native Americans were forced to build and cultivate a society extolling “liberty and justice for all.” | more…
With the structural crisis of the capital system, the expansionary historic circle through which capital could dominate humanity for a very long time is perilously closing. That closure brings with it the danger of humanity’s total destruction in the interest of capital’s absurdly prolonged rule. | more…
Forthcoming in November 2018
This is the first volume of the autobiography of Samir Amin, who, born in Cairo in 1931, became a world-renowned Marxist economist, intellectual, and revolutionary. | more…
Capitalism drives our global food system. Everyone who wants to end hunger, who wants to eat good, clean, healthy food, needs to understand capitalism. This book will help do that. In his latest book, Eric Holt-Giménez takes on the social, environmental, and economic crises of the capitalist mode of food production. Drawing from classical and modern analyses, A Foodie’s Guide to Capitalism introduces the reader to the history of our food system and to the basics of capitalism. In straightforward prose, Holt-Giménez explains the political economics of why—even as local, organic, and gourmet food have spread around the world—billions go hungry in the midst of abundance; why obesity is a global epidemic; and why land-grabbing, global warming, and environmental pollution are increasing. | more…
Paul A. Baran and Paul M. Sweezy were two of the leading Marxist economists of the twentieth century. Their seminal work, Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966, two years after Baran’s death, was in many respects the culmination of fifteen years of correspondence between the two, from 1949 to 1964. During those years, Baran, a professor of economics at Stanford, and Sweezy, a former professor of economics at Harvard, then co-editing Monthly Review in New York City, were separated by three thousand miles. Their intellectual collaboration required that they write letters to one another frequently and, in the years closer to 1964, almost daily. Their surviving correspondence consists of some one thousand letters. | more…
Post-revolutionary societies, in their efforts to combat counterrevolution, have always been confronted with their own contradictions, and with the persistent threat that an exploiting class could reemerge. Instead of the intended socialization and democratization, in many places what resulted was instead state ownership and stultifying bureaucratization of both the economy and the polity. | more…
Capitalism was a radical break with the past: for the first time, production of basic goods was driven by the accumulation of wealth for its own sake, and not primarily to satisfy human needs. Likewise, we are alienated from the natural world, as the products of our own labor are no longer under our control. Our very perception of nature is shaped by an economic system that treats “the environment” as a collection of commodities to be exploited. | more…
Samir Amin has undertaken an ambitious task: nothing less than an analysis of the process of capital accumulation on a global level. Drawing on a wide range of empirical material from Africa and the Middle East, Amin attempts to demonstrate, through a critique of writings on “underdevelopment,” how accumulation in advanced capitalist countries prevents development, however that may be defined, within the peripheral social formations, usually referred to as “underdeveloped” countries. Samir Amin ranks among those who realize the necessity not merely to comprehend the growing crisis of world capitalism, as it manifests itself within individual nation states, but also at the world level. | more…
The Anthropocene, viewed as a new geological epoch displacing the Holocene epoch of the last 10,000 to 12,000 years, represents what has been called an “anthropogenic rift” in the history of the planet.… Recent scientific evidence suggests that the period from around 1950 on exhibits a major spike, marking a Great Acceleration in human impacts on the environment, with the most dramatic stratigraphic trace of the anthropogenic rift to be found in fallout radionuclides from nuclear weapons testing.… Viewed in this way, the Anthropocene can be seen as corresponding roughly to the rise of the modern environmental movement, which had its beginnings in the protests led by scientists against above-ground nuclear testing after the Second World War, and was to emerge as a wider movement following the publication of Rachel Carson’s Silent Spring in 1962. Carson’s book was soon followed in the 1960s by the very first warnings, by Soviet and U.S. scientists, of accelerated and irreversible global warming. It is this dialectical interrelation between the acceleration into the Anthropocene and the acceleration of a radical environmentalist imperative in response that constitutes the central theme of Ian Angus’s marvelous new book. | more…