In the last several years, the left has experienced a series of defeats, and the grip of capital has tightened. The recent reversals in Latin America are a warning. We live in an age where a new era of revolutionary social change, unlike any that came before it, is the only hope—not just for ourselves, but for the chain of human generations.… | more…
Since Trump’s election, mainstream commentary has generally avoided the question of fascism or neofascism, preferring instead to apply the vaguer, safer notion of “populism.” In today’s political context, however, it is crucial to understand not only how the failures of neoliberalism give rise to neofascist movements, but also to connect these to the structural crisis of concentrated, financialized, and globalized capitalism.… | more…
Although today there are some setbacks in the region, nobody can deny that there is a huge difference between the Latin America that Hugo Chávez inherited and the Latin America he left us. A new revolutionary subject has been created.… | more…
The anthropocentric tendency to view nature or the environment as everything that is not human obscures the productive processes that go on in “nature.” But non-human animals are also the purposeful producers of their own worlds: they too engage in their own species-specific objectifying activity that transforms what is, from their perspective, nature; they too build worlds in their own bodily image.… | more…
There is a degree of unpredictability in politics today that presents opportunities for those who aren’t too constrained by past experience to see them. We’re seeing the possibility of regenerating a left that has previously been ground down to the scale of atoms, one that, if it adapts creatively to the coming defeats, can prepare the ground for success. But that means recognizing that the history of the left is a history of defeats; it is a history of the vanquished.… | more…
For decades, academics have suggested that Engels downgraded and distorted Marx’s thought. Today we are at last seeing the return of Engels, whose work continues to inform the struggles and inspire the hopes that define our own time.… | more…
Forthcoming in July 2017
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…
China’s rapid economic development in recent years is often characterized as “miraculous.” Talk of a “Beijing Consensus” or “China model” has become commonplace in academic debates. But as we have written elsewhere, “theoretical problems have started to emerge with regards to the very existence, content, and prospects of the China model.” The key question, then, is what kind of economic theory and strategy underpin this “miracle.”… [W]e hold that the country’s major recent developmental gains are the achievements of theoretical advances in political economy, originating in China itself, while the main problems that have accompanied China’s development reflect the damaging influence of Western neoliberalism.… We hope to clarify the official theoretical model behind China’s economic “miracle,” using the terms and concepts prevalent in China today.… | more…
One hundred years ago, “October 1917” galvanized leftists and oppressed peoples around the globe, and became the lodestar for 20th century politics. Today, the left needs to reckon with this legacy—and transcend it. Social change, as it was understood in the 20th century, appears now to be as impossible as revolution, leaving the left to rethink the relationship between capitalist crises, as well as the conceptual tension between revolution and reform.… | more…
In his recent foreword to the second edition of Paul Burkett’s Marx and Nature, John Bellamy Foster reflected on a significant change in left attitudes toward Marx’s ecology: “Today Marx’s understanding of the ecological problem is being studied in universities worldwide and is inspiring ecological actions around the globe.” This worldwide recognition of Marx’s ecological critique of capitalism without doubt owes much to Burkett’s Marx and Nature (1999) and Foster’s Marx’s Ecology (2000). Yet the new interest in ecological Marxism did not originate solely with these books. Rather, as their new co-authored book Marx and the Earth documents, over the last fifteen years Burkett and Foster have meticulously refuted the many criticisms of Marx from so-called “first-stage ecosocialists”…. It should be noted that, whatever their disagreements with Marx, the first-stage ecosocialists were also deeply critical of capitalism. So why are Foster and Burkett arguing with their potential comrades? Furthermore, some of the issues taken up in Marx and the Earth might appear abstruse at first glance—why bother debating them at such length?… [A] patient reader will soon recognize the book’s importance and the significance of the issues at stake.… | more…
Often the best way to begin to understand something is to consider what it is not. Socialism for the twenty-first century is not a society in which people sell their ability to work and are directed from above by others whose goal is profits rather than the satisfaction of human needs. It is not a society where the owners of the means of production benefit by dividing workers and communities in order to drive down wages and intensify work…. Nor is it a statist society where decisions are top-down and where all initiative is the property of state office-holders or cadres of self-reproducing vanguards.… Also, socialism for the twenty-first century is not populism.… Further, socialism for the twenty-first century is not totalitarianism.… [S]ocialism for the twenty-first century does not dictate personal belief…. Nor does socialism for the twenty-first century worship technology and productive forces…. Finally, contrary to its self-proclaimed inventor (Heinz Dieterich), socialism for the twenty-first century is not “essentially a problem of informatic complexity” that requires cybernetic calculation of quantities of concrete labor as the basis for an exchange of equivalents.&hellp; So, let us explain what socialism for the twenty-first century is. … | more…
A half-century after its publication, Paul Baran and Paul Sweezy’s Monopoly Capital remains the single most influential work in Marxian political economy to emerge in the United States.… In recent years, interest in Baran and Sweezy’s magnum opus has revived, primarily for two reasons: (1) the global resurgence of debates over the constellation of issues that their work addressed—including economic stagnation, monopoly, inequality, militarism and imperialism, multinational corporations, economic waste, surplus capital absorption, financial speculation, and plutocracy; and (2) the new, fundamental insights into the book’s origins resulting from the publication of its two missing chapters and the public release of Baran and Sweezy’s correspondence.… I shall divide this introduction on the influence and development of the argument of Monopoly Capital over the last fifty years into three parts: (1) a brief treatment of the book itself and its historical context; (2) a discussion of responses to Monopoly Capital, and of the development of the tradition that it represented, during its first four decades, up to the Great Financial Crisis that began in 2007; and (3) an assessment of the continuing significance of monopoly capital theory in the context of the historical period stretching from the Great Financial Crisis to the present.… | more…
