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Globalization

The Lie of Global Prosperity: How Neoliberals Distort Data to Mask Poverty and Exploitation by Seth Donnelly

The Lie of Global Prosperity: How Neoliberals Distort Data to Mask Poverty and Exploitation

Forthcoming in July 2019

“We’re making headway on global poverty,” trills billionaire philanthropist Bill Gates. “Decline of Global Extreme Poverty Continues,” reports the World Bank. And “How did the global poverty rate halve in 20 years?” inquires The Economist magazine. Seth Donnelly answers: “It didn’t!” In fact, according to Donnelly’s The Lie of Global Prosperity, virtually nothing about these glad tidings proclaiming plummeting global poverty rates is true. | more…

Value Chains: The New Economic Imperialism by Intan Suwandi

Value Chains: The New Economic Imperialism

Forthcoming in August 2019

Winner of the 2018 Paul M. Sweezy – Paul A. Baran Memorial Award for original work regarding the political economy of imperialism, Intan Suwandi’s Value Chains examines the exploitation of labor in the Global South. Focusing on the issue of labor within global value chains—vast networks of people, tools, and activities needed to deliver goods and services to the market and controlled by multinationals—Suwandi offers a deft empirical analysis of unit labor costs that is closely related to Marx’s own theory of exploitation. | more…

Shamrocks and Oil Slicks: A People’s Uprising Against Shell Oil in County Mayo, Ireland

Forthcoming in September 2019

County Mayo, Ireland, is spectacularly beautiful. Dolphins, whales, and seals frolic in bays, rivers teem with salmon. Into this tranquil, unspoiled region, in early 2002, came Shell Oil, announcing plans to build a gas refinery. Shell promised wonderful things: new jobs, improved roads, money for schools. Church officials called this project a “godsend,” while honest, hard-working families, who had lived in Mayo for generations, certainly saw no harm in the project. But when the citizens of County Mayo realized what Shell actually intended to do, they rose up. Shamrocks & Oil Slicks tells the story of County Mayo—the fishermen, farmers, teachers, business people—who, motivated by love for their environment, their community, and their country, fought one of the planet’s most powerful destroyers to a standstill. | more…

The Long Revolution of the Global South: Toward a New Anti-Imperialist International by Samir Amin

The Long Revolution of the Global South: Toward a New Anti-Imperialist International

In this second volume of his memoirs, Samir Amin takes us on a journey to a dizzying array of countries, primarily in the Arab World, Africa, Asia, and Latin America, recounting in detail the stages of his ongoing dialogue over several decades with popular movements struggling for a better future. Along the way, we meet government leaders, activists in popular movements, and working people, both rural and urban. As in his many works over the years, The Long Revolution of the Global South combines Amin’s astute theoretical analyses of the challenges confronting the world’s oppressed peoples with militant action. | more…

Wall Street's Think Tank: The Council on Foreign Relations and the Empire of Neoliberal Geopolitics, 1976-2018 by Laurence H. Shoup (New in paperback, with Afterword)

Wall Street’s Think Tank: The Council on Foreign Relations and the Empire of Neoliberal Geopolitics, 1976-2019 (New in paperback, with Afterword)

The Council on Foreign Relations is the world’s most powerful private foreign-policy think tank and membership organization. Dominated by Wall Street, it claims among its members a high percentage of past and present top U.S. government officials as well as corporate leaders and influential figures in the fields of education, media, law, and nonprofit work. Wall Street’s Think Tank follows the Council on Foreign Relations from the 1970s to the present, and this new paperback edition includes an Afterword discussing the Trump Administration and the Council. | more…

"Capitalism Isn't Working"

Capitalism Has Failed—What Next?

Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological “death spiral.” Many of the symptoms of the failure of capitalism are well-known. Nevertheless, they are often attributed not to capitalism as a system, but simply to neoliberalism, viewed as a particular paradigm of capitalist development that can be replaced by another, better one. A critical-historical analysis of neoliberalism is therefore crucial both to grounding our understanding of capitalism today and uncovering the reason why all alternatives to neoliberalism and its capitalist absolutism are closed within the system itself. | more…

From Commune to Capitalism: How China's Peasants Lost Collective Farming and Gained Urban Poverty

From Commune to Capitalism: How China’s Peasants Lost Collective Farming and Gained Urban Poverty

In the early 1980s, China undertook a massive reform that dismantled its socialist rural collectives and divided the land among millions of small peasant families. Known as the decollectivization campaign, it is one of the most significant reforms in China's transition to a market economy. From the beginning, the official Chinese accounts, and many academic writings, uncritically portray this campaign as a huge success, both for the peasants and the economy as a whole. This mainstream history argues that the rural communes, suffering from inefficiency, greatly improved agricultural productivity under the decollectivization reform. It also describes how the peasants, due to their dissatisfaction with the rural regime, spontaneously organized and collectively dismantled the collective system. A closer examination suggests a much different and more nuanced story. By combining historical archives, field work, and critical statistical examinations, From Commune to Capitalism argues that the decollectivization campaign was neither a bottom-up, spontaneous peasant movement, nor necessarily efficiency-improving.  | more…

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value: Monopoly Capital and Marx's Law of Value

Modern Imperialism, Monopoly Finance Capital, and Marx’s Law of Value

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…

Accumulation on a World Scale: A Critique of the Theory of Underdevelopment

Accumulation on a World Scale: A Critique of the Theory of Underdevelopment

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…

Wall Street's Think Tank: The Council on Foreign Relations and the Empire of Neoliberal Geopolitics, 1976-2014

Wall Street’s Think Tank: The Council on Foreign Relations and the Empire of Neoliberal Geopolitics, 1976-2014

The Council on Foreign Relations is the most influential foreign-policy think tank in the United States, claiming among its members a high percentage of government officials, media figures, and establishment elite. For decades it kept a low profile even while it shaped policy, advised presidents, and helped shore up U.S. hegemony following the Second World War. In 1977, Laurence H. Shoup and William Minter published the first in-depth study of the CFR, Imperial Brain Trust, an explosive work that traced the activities and influence of the CFR from its origins in the 1920s through the Cold War. Now, Laurence H. Shoup returns with this long-awaited sequel, which brings the story up to date. Wall Street’s Think Tank follows the CFR from the 1970s through the end of the Cold War and the collapse of the Soviet Union to the present. | more…