Labor
Eric Hobsbawm, who died last October 1, aged ninety-five, has been much celebrated as one of the twentieth century’s greatest English-language historians despite his steadfast advocacy of socialism and use of the tools of Marxian analysis. But, if asked, the founding editors of Monthly Review, Leo Huberman and Paul Sweezy, his lifelong colleagues and comrades, would have differed a bit. They would have said that it was precisely because Marxism was intrinsic to his theory, understanding, and action that he gained his preeminence.
Those who conclude that the working class is not a revolutionary subject because capitalism has changed the working class reveal that they do not understand the ABCs of Marxism. The working class makes itself a revolutionary subject through its struggles—it transforms itself. That was always the position of Marx—his concept of “revolutionary practice,” which is the simultaneous changing of circumstances and self-change. The working class changes itself through its struggles. It makes itself fit to create the new world. | more…
Value Added versus Value Capture
The ’GDP Illusion” is a fault in perception caused by defects in the construction and interpretation of standard economic data. Its main symptom is a systematic underestimation of the real contribution of low-wage workers in the global South to global wealth, and a corresponding exaggerated measure of the domestic product of the United States and other imperialist countries. These defects and distorted perceptions spring from the neoclassical concepts of price, value, and value added which inform how GDP, trade, and productivity statistics are devised and comprehended. The result is that supposedly objective and untarnished raw data on GDP, productivity, and trade are anything but; and standard interpretations conceal at least as much as they reveal about the sources of value and profit in the global economy. | more…
One of the enduring myths about capitalism that continues to be perpetuated in mainstream economic textbooks and other pedagogic strategies is that labor supply is somehow exogenous to the economic system. The supply of labor is typically assumed, especially in standard growth theories, to be determined by the rate of population growth, which in turn is also seen as “outside” the economic system rather than in interplay with it. The reality is, of course, very different: the supply of labor has been very much a result of economic processes, not something extraneous to it. Throughout its history, capitalism has proved adept at causing patterns of labor supply to change in accordance with demand…. But nowhere has this particular capacity of capitalism to generate its own labor been more evident than in the case of female labor. | more…
In the last few decades there has been an enormous shift in the capitalist economy in the direction of the globalization of production. Much of the increase in manufacturing and even services production that would have formerly taken place in the global North—as well as a portion of the North’s preexisting production—is now being offshored to the global South, where it is feeding the rapid industrialization of a handful of emerging economies. It is customary to see this shift as arising from the economic crisis of 1974–75 and the rise of neoliberalism—or as erupting in the 1980s and after, with the huge increase in the global capitalist labor force resulting from the integration of Eastern Europe and China into the world economy. Yet, the foundations of production on a global scale, we will argue, were laid in the 1950s and 1960s, and were already depicted in the work of Stephen Hymer, the foremost theorist of the multinational corporation, who died in 1974. | more…
Standardized testing occupies a central place in the ongoing reorganization—or demolition—of public education in the United States. The key question is not whether leading sectors of capital—major foundations from Gates on down, business groups including the Business Roundtable and Chamber of Commerce, a near-endless array of think tanks and policy groups, major media, well-funded “Astroturf” (faux grassroots) groups such as Stand for Children, and leading forces in both major political parties at the state and national levels—promote standardized tests as a tool for making major, “high-stakes” decisions about students, educators, and schools. The better, and unanswered, questions are: Why are tests such an important weapon, What are the goals of the test-driven offensive, How does testing interact with other corporate school “reform” goals, and What can be done to turn this around? | more…
In July 2009, workers at the state-owned Tonghua Steel Company in Jilin, China organized a massive anti-privatization protest. Then, in the summer of 2010, a wave of strikes swept through China’s coastal provinces. These events may prove to be a historic turning point. After decades of defeat, retreat, and silence, the Chinese working class is now re-emerging as a new social and political force.… How will the rise of the Chinese working class shape the future of China and the world? Will the Chinese capitalist class manage to accommodate the working-class challenge while maintaining the capitalist system? Or will the rise of the Chinese working class lead to a new Chinese socialist revolution that could, in turn, pave the way for a global socialist revolution? The answers to these questions will, to a large extent, determine the course of world history in the twenty-first century. | more…
Moshe Adler, Economics for the Rest of Us: Debunking the Science that Makes Life Dismal (New York: The New Press, 2009), 224 pages, $24.95, hardcover; David Orrell, Economyths: Ten Ways That Economics Get It Wrong (Mississauga, Ontario: John Wiley & Sons Canada, Ltd., 2010), 288 pages, $27.95, hardcover; Yanis Varoufakis, Joseph Halevi, and Nicholas J. Theocaratis, Modern Political Economics: Making Sense of the Post-2008 World (New York: Routledge, 2011, forthcoming), 536 pages, $165.00, hardcover, $65.00, paperback.
Science is often thought to proceed from a theory to experiments that test its predictions. If new data are discovered that cannot be explained by the theory, eventually a new theory arises to replace it. If the new theory can explain everything the old one did plus the new phenomena, sooner or later every scientist will adhere to the new paradigm.… Neoclassical economics is taught in every college classroom in the United States and in almost every country in the world. Graduate students learn no other approach to economics. They are taught that neoclassical economics is a science, on a par with physics and the other natural sciences. There is even a joke that when good neoclassical economists die, they are reincarnated as physicists, but bad ones come back as sociologists. | more…
Steve Early, Labor’s Civil Wars (Chicago: Haymarket Books, 2011), 440 pages, $17.00, paperback.
Leadership driven union density or membership driven mobilization? Labor activist and writer Steve Early chronicles the divisions that opened up in a labor movement desperate to curb decline during the first decade of the 21st century. Divisions that led to a split in the AFL-CIO and in the largest US union, SEIU. Early’s detailed knowledge of the issues and players makes for a fascinating trip through labor politics, largely ignored in the mainstream media. | more…
Aaron Brenner, Robert Brenner, and Cal Winslow, editors, Rebel Rank and File: Labor Militancy and the Revolt from Below During the Long Seventies (New York: Verso, 2010), 472 pages, $29.95, paperback.
Rebel Rank and File is a collection of articles that surveys the building, heydey, and decline of rank and file workers’ movement in the fields, mines, auto plants, schools, trucking and phone companies in the late 1960s through the 1970s. What makes this book so valuable is that the first half is devoted to detailing the context of these struggles—the political economy in which they were set. It begs the reader to look deeper into the basis of the book—bureaucratized unions, with leaders hell bent on maintaining power no matter the cost, who serve as buck privates in the Democratic Party army, and who need a compliant base every bit as much as the employers. The authors develop a number of interconnected themes: the single minded union strategy based on endless capitalist growth, parochialism, the private welfare state, pragmatism, anti-communism, influence of anti-war, black power and women’s movements—all of which then help the reader to see similarities of the different rank and file experiences, no matter the work or union. | more…
Nikhil Pal Singh, editor, Climbin’ Jacob’s Ladder: The Freedom Movement Writings of Jack O’Dell (Berkeley: University of California Press, 2010), 298 pages, $34.95, hardcover.
The story Jack O’Dell is one of the least understood but most important stories in the last half-century of the American Left; important because O’Dell, in his organizing and his writing for Freedomways magazine, contributed in crucial ways to the struggle against racism. But also little understood because the taboo on American Communism and Communists has prevented individual stories from the surrounding milieux to be appreciated and understood. This review-essay brings O’Dell back to light. | more…
Will Kaufman, Woody Guthrie, American Radical (Chicago: University of Illinois Press, 2011) 264 pages, $29.95, hardcover.
Will Kaufman’s new book, Woody Guthrie, American Radical, describes how Guthrie’s life-long radicalism shaped his music and evolved over time—from the Great Depression to the Second World War, from the Popular Front to the McCarthyite witch hunts, and into the folk music revival of the 1960s. Kaufman argues that Guthrie’s work must be understood in the context of its time, but also in light of Guthrie’s commitment to socialist politics and his unrelenting opposition to capitalism and fascism. | more…