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Section of the Diego Rivera's mural "From the conquest to 1930" focusing on Marx and the class struggle

The Multiple Meanings of Marx’s Value Theory

The Marxian critique of political economy is inseparable from the “labor theory of value.” But what exactly does this theory mean? This article considers Marx’s value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises. | more…

Culture as Politics: Selected Writings of Christopher Caudwell

Considered by many to be the most innovative British Marxist writer of the twentieth century, Christopher Caudwell was killed in the Spanish Civil War at the age of 29. Although already a published writer of aeronautic texts and crime fiction, he was practically unknown to the public until reviews appeared of Illusion and Reality: A Study of the Sources of Poetry, which was published just after his death. A strikingly original study of poetry’s role, it explained in clear language how the organizing of emotion in society plays a part in social change and development. Culture as Politics introduces Caudwell’s work through his most accessible and relevant writing. Material will be drawn from Illusion and Reality, Studies in a Dying Culture and his essay, “Heredity and Development.” | more…

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value: Monopoly Capital and Marx's Law of Value

Modern Imperialism, Monopoly Finance Capital, and Marx’s Law of Value

Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx’s theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. | more…

Black Women Will Not Be Intimidated

Invisible Exploitation

How Capital Extracts Value Beyond Wage Labor

An expanded Marxist understanding of capitalist exploitation is long overdue. There are many pathways of surplus extraction beyond the wage form, and understanding them is a task with profound implications for anticapitalist movements around the world. | more…

In the Name of Women’s Rights: The Rise of Femonationalism book cover

Patriarchies East and West

Sara Farris’s In the Name of Women’s Rights is a brave monograph that analyzes the way that the discourses of Europe’s right-wing nationalists, government agencies, and liberal feminists converge in their representations of Muslim and non-western immigrant women, relegating these communities to commodified spheres of social reproductive work. | more…

Can the Working Class Change the World?

Can the Working Class Change the World?

Forthcoming in August 2018

One of the horrors of the capitalist system is that slave labor, which was central to the formation and growth of capitalism itself, is still fully able to coexist alongside wage labor. But, as Karl Marx pointed out, it is the fact of being paid for one's work that validates capitalism as a viable socio-economic structure. Beneath this veil of “free commerce”—where workers are paid only for a portion of their workday, and buyers and sellers in the marketplace face each other as “equals”—lies a foundation of immense inequality. Yet workers have always rebelled. They've organized unions, struck, picketed, boycotted, formed political organizations and parties—sometimes they have actually won and improved their lives. In his timely and innovative book, Michael D. Yates asks if the working class can, indeed, change the world. | more…

Rethinking Democracy: Socialist Register 2018

Socialist Register 2018: Rethinking Democracy

For years, intellectuals have argued that, with the triumph of capitalist, liberal democracy, the Western World has reached “the end of history.” Recently, however, there has been a rise of authoritarian politics in many countries. Concepts of post-democracy, anti-politics, and the like are gaining currency in theoretical and political debate. Now that capitalist democracies are facing seismic and systemic challenges, it becomes increasingly important to investigate not only the inherent antagonism between liberalism and the democratic process, but also socialism. Is socialism an enemy of democracy? Could socialism develop, expand, even enhance democracy? | more…

The Ten Hours Act of 1847 - Child Labor in England During the Industrial Revolution

Women, Nature, and Capital in the Industrial Revolution

Examining the historical specificity of women’s lives and labor in England during the Industrial Revolution allows us to better analyze the assumptions regarding gender, family, and work that informed the writings of Marx and Engels—and ultimately to understand how capital as a system threatens the social and ecological bases of human life. | more…