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"Dollar hegemony" by Luo Jie for China Daily

Five Characteristics of Neoimperialism

Building on Lenin's Theory of Imperialism in the Twenty-First Century

Neoimperialism, the specific contemporary phase of historical development, can be summed up on the basis of five key features: the new monopoly of production and circulation; the new monopoly of finance capital; the monopoly of the U.S. dollar and intellectual property; the new monopoly of the international oligarchic alliance; and the economic essence and general trend. | more…

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Illustration of the Paris Commune from Cassell's History of England

The Paris Commune: Marx, Mao, Tomorrow

Today the political visibility of the Paris Commune is not at all evident. At least, that is, if what we mean by “today” is the moment when we have to take up the challenge of thinking politics outside its subjection to the state and outside the framework of parties or party.… And yet the Commune was a political sequence that, precisely, did not situate itself in such a subjection or in such a framework. [To tackle] the political facts and determinations of the Commune…[it is necessary to utilize] a completely different method…[than that of the classical interpretation]. | more…

Monthly Review Volume 72, Number 11 (April 2021)

April 2021 (Volume 72, Number 11)

Many factors are involved in COVID-19 mortality rates. Nevertheless, it is clear that the more socialist-oriented countries—by prioritizing social needs and public health, plus aggressive testing, tracing, and enlisting the aid of their populations—have generally been more effective in limiting the effects of the disease on their societies. The failure of the wealthier capitalist countries to do so is largely a result of their prioritization of profits over people. | more…

Marx in Motion: A New Materialist Marxism by Thomas Nail

What Sort of Kinetic Materialism Did Marx Find in Epicurus?

In his Theses on Feuerbach, Karl Marx suggests that the main flaw of all previous materialism has been to uncritically accept and champion a notion of matter that has its proper place in a dualistic framework, where matter is passive and the mind is active. If this is so, true materialism will conceive of matter as an active principle, and of material beings as perfectly capable of conscious sensation and agency. | more…

The Foreign Minister of Ecuador, Ricardo Patiño, participated in the commemoration of the death of Commander Hugo Chávez Frías

Socialist Practice and Transition

In Socialist Practice, a collection of essays on leftist theory and experiences, Victor Wallis adheres to the view that the achievement of socialism is a drawn out, nonlinear process consisting of episodes that in many cases have a mixed impact on the revolutionary cause. He analyzes several, ranging from the seven decades of Soviet rule to the New Left of the 1960s. His main thesis is that over the last century pure socialism has never existed and that on all fronts socialist movements and governments have contained elements of the old—namely, capitalism. | more…

Paramedics take a patient into emergency center at Maimonides Medical Center during the outbreak of the coronavirus disease (COVID-19) in the Brooklyn borough of New York City, New York, April 7, 2020

Racial Capitalism and COVID-19

The COVID-19 pandemic has brought into sharp relief the deep structural problems affecting nonwhite racialized workers in the core and periphery. Yet, many social scientific analyses of the global political economy, at least in the pre-COVID era, are race neutral or willfully indifferent to the persistent racial pattern of global inequalities. Even if they do address legacies of colonialism, they ignore the ongoing racial logics of oppression embedded therein. | more…

Capital, Science, Technology

The Development of Productive Forces in Contemporary Capitalism

Capitalist modernity not only contains profound contradictions, but is also undergoing a significant transformation. Far from acting as a driving force for the development of social productive forces, it has become a parasitic entity with an essentially rentier and speculative function. Underlying this is an institutional framework that favors the private appropriation and the concentration of the products of general intellect. | more…

Karl Marx's tomb

A Commodius Vicus of Recirculation

Encountering Marx and Joyce

“In the mid-1990s, when I lived in central London, I used to walk past the British Museum nearly every day. More often than not, I would pop in, did so for years, getting thrilled by a couple of things. The first was entering the great Reading Room, for which I had a Reader’s Card, glimpsing and even sitting in space G-7. I never ordered any books, had no need to order anything; all I wanted was to sit there, in Karl Marx’s seat, and try to feel the vibe. Usually, there was no vibe, only the hushed shuffling and page turning of others close by, mixed with the odd cough and splutter.” | more…

Isabel Crook and Harry Magdoff

Whither China?

An Exchange from 2002–⁠03

In December 2002, Isabel Crook, a Canadian anthropologist who had spent most of her life in China and a longtime friend and supporter of Monthly Review, wrote a letter to the MR editors questioning the critical nature of coverage of China’s capitalist road to socialism since the ascendance of Deng Xiaoping in the late 1970s. This short exchange with Harry Magdoff reflects the complex ways in which dedicated socialists sought to address changes in China and the clarity of the ideas expressed. | more…

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