There is a concept in biology called “punctuated equilibrium”: organisms can display little discernible change over long periods of time before sudden, sharp, and profound changes. Without wishing to give credence to teleological or determinist views, it does seem that human history is profoundly dialectical. Sharp change that bewilders an apologist for the status quo can inspire and give hope to those of us who believe that a better world is possible. We live in interesting but depressing times today. Neoliberal ideas are hegemonic. The old collectivist values of the labor movement have been submerged in a tide of market fundamentalism, summed up in Margaret Thatcher’s claim that “there is no such thing as society; there are only individuals and families.” When I began researching for my Silvertown book, it became apparent to me that a similar flood tide of liberalism had washed over much of nineteenth-century Britain. This portrayed the status quo as normal, natural, and inevitable, but the equilibrium was punctuated in the last decades of the century. | more…
Fifty years ago this month, beginning in early October 1965 and extending for months afterwards, the United States helped engineer a violent end to the Communist Party of Indonesia (PKI). Between 500,000 and a million Indonesians were killed by conservative factions of the military led by General Suharto and by right-wing Muslim youth—all with the direct involvement of the CIA, the close cooperation of the U.S. Embassy and State Department, and the guidance of the Johnson administration’s National Security Council.… In forthcoming issues of Monthly Review we are planning to publish work on the Indonesian genocide, which, alongside the Vietnam War, constitutes a major turning point in the history of Southeast Asia in the period, and one of the most brutal acts of mass carnage inflicted by imperialism in the twentieth century. The dire implications of this carry down to the present day. | more…
It is now a universal belief on the left that the world has entered a new imperialist phase.… The challenge for Marxian theories of the imperialist world system in our times is to capture the full depth and breadth of the classical accounts, while also addressing the historical specificity of the current global economy. It will be argued in this introduction (in line with the present issue as a whole) that what is widely referred to as neoliberal globalization in the twenty-first century is in fact a historical product of the shift to global monopoly-finance capital or what Samir Amin calls the imperialism of “generalized-monopoly capitalism.” | more…
In this article, we aim to demonstrate that the low prices of goods produced in the global South and the attendant modest contribution of its exports to the Gross Domestic Product of the North conceals the real dependence of the latter’s economies on low-waged Southern labor. We argue that the relocation of industry to the global South in the past three decades has resulted in a massive increase of transferred value to the North. The principal mechanisms for this transfer are the repatriation of surplus value by means of foreign direct investment, the unequal exchange of products embodying different quantities of value, and extortion through debt servicing. | more…
Capitalism is preeminently a money-using system where a large part of wealth is held either in the form of money or as money-denominated assets, namely financial assets. For the system to work, it is essential that the value of money should not keep declining against commodities; otherwise people would move away from holding money, and it would cease to be not just a form of wealth, but even a medium of circulation.… Hence, capitalism seeks to ensure the stability of the value of money in a number of ways. One is the maintenance of a vast reserve army of labor, not just within the metropolis but also in the third world. | more…
The globalization of production and its shift to low-wage countries is the most significant and dynamic transformation of the neoliberal era. Its fundamental driving force is what some economists call “global labor arbitrage”: the efforts by firms in Europe, North America, and Japan to cut costs and boost profits by replacing higher-waged domestic labor with cheaper foreign labor, achieved either through emigration of production (“outsourcing,” as used here) or through immigration of workers. Reduction in tariffs and removal of barriers to capital flows have spurred the migration of production to low-wage countries, but militarization of borders and rising xenophobia have had the opposite effect on the migration of workers from these countries—not stopping it altogether, but inhibiting its flow and reinforcing migrants’ vulnerable, second-class status. | more…
Auto companies shield their low-tech exploitation of workers behind high-tech displays of mechanical prowess. The less a consumer knows about the blood and guts of manufacturing, the easier it is to buy the dream. So how does America think all this crap gets built?… Last summer, in a desperate attempt to entice young viewers to buy grandpa’s dream car, General Motors (GM) ran a TV ad that featured a chorus line of robot arms dancing to techno music around a series of Cadillacs strutting like runway models on chrome-plated wheels.… Don’t let yourself be seduced and deluded. The auto industry’s master talent isn’t robotics, it’s the ability to automatize humans—including drivers. | more…
When I walked the thousand-year-old route of the Camino de Santiago in northern Spain in September and October 2014, I expected to discuss questions of health with fellow travelers. I assumed that an ancient pilgrimage would be full of walkers pondering health issues and would provide an ethnographer’s panacea for “getting in.” I was wrong. I was surrounded by walkers from all parts of Europe, but they were pondering the meaning of work, capitalism, and their lives. I found I was seeing a profound crisis of capitalism and individuals struggling with alienated labor as discussed by Karl Marx.… [W]hat I saw on the Camino de Santiago was certainly not a revolutionary movement. Envisioning satisfying work, however, helps change the shared conception of what work is. Raul Zibechi argued that as we struggle both individually or collectively, we engage in an emancipatory process that, as the Zapatista’s Subcomandante Marcos notes, “builds, includes, brings together and remembers whereas the system, separates, splits and fragments.”… Awareness of alienated labor and struggle against crisis, whether individual or collective, does seem to create imaginative space for change even if it does not necessarily reflect what has been thought of as revolutionary struggle. | more…
Many people think of cooperatives as small, locally owned businesses, such as groceries, cafes, or bicycle shops, where people can work in an equal and participatory non-capitalist organization. In reality, the U.S. co-op movement is tied to federal agencies whose agenda is promoting neoliberalism, both domestically and abroad, and the co-op movement itself has neoliberal leaders. Many co-ops in name are profit-driven capitalist corporations in practice. And even in the abstract, the co-op principles of smaller co-ops enable neoliberal cooperative politics. All of this, however, raises the question of what a co-op based on socialist values would be, and China’s Nanjie village provides a living example of that. | more…
We have now entered a period…when new waves of commodification set in motion in earlier periods are reaching maturity. The new commodities have been generated by drawing into the market even more aspects of life that were previously outside the money economy, or at least that part of it that generates a profit for capitalists. Several such fields of accumulation have now emerged, each with a different method of commodity genesis, forming the basis of new economic sectors and exerting distinctive impacts on daily life, including labor and consumption. They include biology, art and culture, public services, and sociality. | more…
Ursula Huws ties together disparate economic, cultural, and political phenomena of the last few decades to form a provocative narrative about the shape of the global capitalist economy at present. She examines the way that advanced information and communications technology has opened up new fields of capital accumulation: in culture and the arts, in the privatization of public services, and in the commodification of human sociality by way of mobile devices and social networking. These trends are in turn accompanied by the dramatic restructuring of work arrangements, opening the way for new contradictions and new forms of labor solidarity and struggle around the planet. | more…
Harry Braverman’s Labor and Monopoly Capital, first published forty years ago in 1974, was unquestionably the work that, in the words of historian Bryan Palmer, “literally christened the emerging field of labor process studies.” In the four decades since its appearance Braverman’s book has continued to play a central role in debates on workers’ struggles within industry, remaining indispensable to all attempts at in-depth critique in this area.… This continuing relevance of Braverman’s analysis has to do with the fact that his overall vision of the transformations taking place in modern work relations was much wider than has usually been recognized. Viewed from a wide camera angle, his work sought to capture the complex relation between the labor process on the one hand, and the changing structure and composition of the working class and its reserve armies on the other. This broad view allowed him to perceive how the changes in the labor process were integrally connected to the emergence of whole new spheres of production, the decomposition and recomposition of the working class in various sectors, and the development of new structural contradictions. | more…
