In this prescient article from 1995, former MR editors Harry Magdoff and Paul M. Sweezy show that, through their own profligacy, the ruling classes have lost their capacity for political rule. The way forward, Magdoff and Sweezy write, is an “organized, militant struggle,” and with victory necessarily leading to the overthrow of capitalist rule. | more…
“There is no longer any question that the United States is waging a New Cold War,” MR editors write in this month’s “Notes from the Editors.” This war, waged not only against Russia, but increasingly against China, whose approach to global governance is seen as a threat to U.S. imperialism. | more…
Steve Ellner analyzes the debate surrounding the wave of elections of left-leaning political leaders in Latin America, known as the Pink Tide. Critics of these governments, Ellner suggests, emphasize their shortcomings at the expense of recognizing their anti-imperial position. | 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…
The Great Depression is almost one century old. Today in the United States we remember this international economic collapse, and the suffering it engendered, by reading novels and essays about it, watching plays, viewing paintings—often forgetting that the U.S. government of that time encouraged and financially supported much of this art. Not only art: the Depression was one of the few times that the federal government ever stepped in to help ordinary people get on their feet. | more…
Jeremy Corbyn, the former leader of the British Labour Party, was subjected to a concerted propaganda campaign by the British right-wing military-industrial establishment and amplified by mainstream media. | more…
El Maizal’s flag-waving communards are rapidly breaking down skepticism about the viability of leader Ángel Prado’s election campaign, for it is undeniable that they are among the reddest elements in the so-called Pink Tide. | more…