Marxism
This reprise of “The Debs Way”—the text of an address Leo Huberman delivered at the Debs Centennial Meeting held at the Fraternal Clubhouse in New York City on November 28, 1955—not only reminds us of the importance of Eugene V. Debs to the history of socialism in the United States, but also brings out some of the core beliefs of Huberman’s own approach to socialism. While today’s conditions are of course vastly different from when the address was delivered more than sixty years ago, the basic principles that Huberman derives from Debs remain relevant.
In the Notes from the Editors of the January 2019 issue of Monthly Review, the editors commented on a blog post by Michael Roberts on the term financialization. In the first part of this short exchange Roberts questions whether financialization is a meaningful and useful term, or simply a distraction from a comprehensive critique contemporary capitalism. | more…
A Reply to Michael Roberts
There has been a tendency within liberal analysis of financialization to place an emphasis on the trees, that is, the various speculative mechanisms, rather than the forest, or the growth of finance in relation to production. The reason for this stress on the trees rather than the forest is that, in contemporary capitalist ideology, financialization cannot be brought seriously into question since it is part of the entire architecture of accumulation. | more…
Germany is commonly perceived as a strong, dependable island amid a sea of gyrating European uncertainties, a down-to-earth, dependable ally in attempts by the better U.S. presidents to move the world forward as steadily as possible. For the past thirteen years, this view has been personified in the clear, undramatic words and deeds of Angela Merkel, Chancellor of Germany since 2005. Considerable doubts in this appraisal, with evidence that Germany, like every other country, has never been a monolith free of class conflict and other contradictions, are addressed in Oliver Nachtwey’s Germany’s Hidden Crisis: Social Decline in the Heart of Europe, out now from Verso Books. In describing West German, then all-German, developments from the end of the Second World War until the present, Nachtwey analyzes from the left, unafraid to utilize the ideas of Karl Marx as well as a host of more recent analysts of many shades. | more…
Your Socialism Depends on It
Revolting Prostitutes reminds readers that this struggle is at once bigger than any one sex worker’s immediate needs, but also must be precisely driven by these day-to-day needs. While this might at first seem contradictory, the book emphasizes how the collective workforce is constituted by individual workers with varied experiences, all of which are unique and valid. Narrative matters and, with Revolting Prostitutes, we are gifted one shaped by nuanced, considerate, care-informed members of the impacted working community. | more…
(Introduction by Aijaz Ahmad)
Radical political economist Samir Amin (1931–2018) left behind a cherished oeuvre of Marxist writings. Amin’s intellectual range—from economics to culture—was admirable, and his lessons remain essential. Monthly Review Press is honored to publish this volume, culled from the Monthly Review magazine, of ten of Samir Amin’s most significant essays written in the twenty-first century. The collection is introduced by Amin’s friend and comrade, the Marxist philosopher Aijaz Ahmad, who provides a comprehensive survey of Amin’s life and path-breaking work. Ahmad also offers a contextual focus by which to read such stunningly astute pieces as “Revolution or Decadence?” and “Contemporary Imperialism.” | more…
Why would an American girl-child, born into a good, Irish-Catholic family in the thick of the McCarthy era—a girl who, when she came of age, entered a convent—morph into an atheist, feminist, and Marxist? The answer is in Helena Sheehan’s fascinating account of her journey from her 1940s and 1950s beginnings, into the turbulent 1960s, when the Vietnam War, black power, and women’s liberation rocked her bedrock assumptions and prompted a volley of life-upending questions—questions shared by millions of young people of her generation. But, for Helena Sheehan, the increasingly radicalized answers deepened through the following decades. | more…
The circumstances that impelled Victor Grossman, a U.S. Army draftee stationed in Europe, to flee a military prison sentence were the icy pressures of the McCarthy Era. Grossman—a.k.a. Steve Wechsler, a committed leftist since his years at Harvard and, briefly, as a factory worker—left his barracks in Bavaria one August day in 1952, and, in a panic, swam across the Danube River from the Austrian U.S. Zone to the Soviet Zone. Fate—i.e., the Soviets—landed him in East Germany, officially the German Democratic Republic. There he remained, observer and participant, husband and father, as he watched the rise and successes, the travails, and the eventual demise of the GDR socialist experiment. | more…
Following two key themes in Karl Marx’s thought—estrangement and political economy, in their relation to human self-knowledge—labor mediates the social metabolism. In this schema, organic (or functional) metabolism is distinguished from extended metabolism (or social organization). Socially extended metabolism gives rise to shared values and concepts in the same way that organic metabolism gives rise to life. On this basis, I suggest that both the subject and object of human self-knowledge is a socially extended self, which can connect to itself only when humans freely participate in socially extended metabolism—that is, economy, science, and industry. Estrangement, in contrast, is seen to result from a disruption within socially extended metabolism. | more…
Less than two decades into the twenty-first century, it is evident that capitalism has failed as a social system. The world is mired in economic stagnation, financialization, and the most extreme inequality in human history, accompanied by mass unemployment and underemployment, precariousness, poverty, hunger, wasted output and lives, and what at this point can only be called a planetary ecological “death spiral.” Many of the symptoms of the failure of capitalism are well-known. Nevertheless, they are often attributed not to capitalism as a system, but simply to neoliberalism, viewed as a particular paradigm of capitalist development that can be replaced by another, better one. A critical-historical analysis of neoliberalism is therefore crucial both to grounding our understanding of capitalism today and uncovering the reason why all alternatives to neoliberalism and its capitalist absolutism are closed within the system itself. | more…
Fourteen provocative papers on the oppression of women in capitalist countries, along with three articles on the subordinate position of women in two communist countries, Cuba and China. These important, often path-breaking articles are arranged in five basic sections, the titles of which indicate the broad range of issues being considered: Introduction; motherhood, reproduction, and male supremacy; socialist feminist historical analysis; patriarchy in revolutionary society; socialist feminism in the United States. The underlying thrust of the book is toward integrating the central ideas of radical feminist thought with those pivotal for Marxist or socialist class analysis. | more…
In this issue we commemorate the fortieth anniversary of the publishing of the definitive version of The Combahee River Collective Statement in Zillah Eisenstein, ed., Capitalist Patriarchy and the Case for Socialist Feminism. We are also extremely pleased to announce Monthly Review Press author Kohei Saito has won the prestigious Deutscher prize for 2018 for his Karl Marx’s Ecosocialism: Capital, Nature, and the Unfinished Critique of Political Economy. There is no doubt that this book constitutes one of the great works of Marxian theory in our time. | more…