Any serious treatment of the renewal of socialism today must begin with capitalism’s creative destruction of the bases of all social existence. Since the late 1980s, the world has been engulfed in an epoch of catastrophe capitalism, manifested today in the convergence of (1) the planetary ecological crisis, (2) the global epidemiological crisis, and (3) the unending world economic crisis. Added to this are the main features of today’s “empire of chaos,” including the extreme system of imperialist exploitation unleashed by global commodity chains; the demise of the relatively stable liberal-democratic state with the rise of neoliberalism and neofascism; and the emergence of a new age of global hegemonic instability accompanied by increased dangers of unlimited war. | more…
Among ethnic disasters of the past few decades, few can match in intensity or have been reported in the media more extensively than those of the Indigenous in Guatemala. The social structure of the nationÑits hierarchy, driven by a light-skinned population, most of whom are ethnically mestizo but who do not identify with the purely IndigenousÑits history, and its small size make it an important site for the documentation and reporting of ethnic disputes and differences. | more…
Quiet as it’s kept inside the United States, the Cuban revolution has achieved some phenomenal goals, reclaiming Cuba’s agriculture, advancing its literacy rate to nearly 100 percent—and remaking its medical system. Cuba has transformed its health care to the extent that this “third-world” country has been able to maintain a first-world medical system, whose health indicators surpass those of the United States at a fraction of the cost. Don Fitz combines his broad knowledge of Cuban history with his decades of on-the-ground experience in Cuba to bring us the story of how Cuba’s health care system evolved and how Cuba is tackling the daunting challenges to its revolution in this century. | more…
The entire United States has been upended by weeks of protests, extending to over 150 cities, sparked by the racist police murder of George Floyd. The present special issue of Monthly Review is devoted to exploring the complex interweaving of the classical Marxian critique with the rapidly developing critique of racial capitalism. | more…
In recent years, “racial capitalism” has ascended across the humanities and social sciences. It has arisen as a conceptual framework to understand the mutually constitutive nature of racialization and capitalist exploitation, inter alia, on a global scale, in specific localities, in discrete historical moments, in the entrenchment of the carceral state, and in the era of neoliberalization and permanent war. | more…
Oliver Cromwell Cox insisted on dealing with the crucial issues of his time and on telling the truth as he saw it, regardless of whose toes may have been stepped on or whose sensibilities may have been injured. He has aided in preventing the complete stultification of academic social science and in the long run exercised an immense influence on American life. | more…
The rise to prominence of analyses of racial capitalism represents a breakthrough in Marxian theory. This has necessarily been accompanied by a critique of previous Marxian analyses, which all too often ignored or minimized the relation of slavery to capitalism. In recent years, however, these criticisms of orthodox Marxist treatments of slavery have been extended, much more problematically, to the work of Karl Marx himself. Although Marx never wrote a treatise on slavery, the issue of slave labor was woven into his analysis of social formations, both ancient and modern, and was inextricably intertwined with his treatment of wage labor. | more…
Venezuela has been the stuff of frontpage news extravaganzas, especially since the death of Hugo Chávez. With predictable bias, mainstream media focus on violent clashes between opposition and government, coup attempts, hyperinflation, U.S. sanctions, and massive immigration. What is less known, however, is the story of what the Venezuelan people—especially the Chavista masses—do and think in these times of social emergency. Denying us their stories comes at a high price to people everywhere, because the Chavista bases are the real motors of the Bolivarian revolution. This revolutionary grassroots movement still aspires to the communal path to socialism that Chávez refined in his last years. Venezuela, the Present as Struggle is an eloquent testament to their lives. | more…
Karl Marx saw the ruling class as a sorcerer, no longer able to control the ominous powers it has summoned from the netherworld. Today, in an age spawning the likes of Donald Trump and Boris Johnson, our society has never before been governed by so many conjuring tricks, with collusions and conspiracies, fake news and endless sleights of the economic and political hand. And yet, contends Andy Merrifield, as our modern lives become ever more mist-enveloped, the works of Marx can help us penetrate the fog. In Marx, Dead and Alive—a book that begins and ends beside Marx’s recently violated London graveside—Merrifield makes a spirited case for a critical thinker who can still offer people a route toward personal and social authenticity. | more…
Marxist economic thought has had a long and distinguished history in Japan, dating back to the First World War. When interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx’s Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh’s Value and Crisis began to chronicle these Japanese contributions to Marxist theory, discussing in particular views on Marx’s theories of value and crisis, and problems of Marx’s theory of market value. Now, in a second edition of his book, Itoh deepens his study of Marx’s theories of value and crisis, as an essential reference point from which to analyze the multiple crises that have arisen during the past four decades of neoliberalism. The promise of Marx’s theories has not waned. If anything—given the failure of Soviet-style socialism and the catastrophe of neoliberalism—it grows daily. | more…
Karl Marx, in Capital, focused on capital and the capitalist class that is its embodiment. It is the endless accumulation of capital, its causes and consequences that are central to Marx’s analysis. In taking this approach, Marx tended to obscure not only the centrality of capital’s “immanent drive” and “constant tendency” to divide the working class but also the political economy of the working class (“social production controlled by social foresight”). In Between Capitalism and Community, Lebowitz demonstrates that capitalism contains within itself elements of a different society, one of community. If we are to escape the ultimate barbarism portended by the existing crisis of the earth system, the subordination of the system of capitalism by that of community is essential. | more…
