Described by the Wall Street Journal as “the ‘dean’ of radical economics,” Paul Sweezy has more than any other single person kept Marxist economics alive in North America.* One work would be sufficient to have achieved this—The Theory of Capitalist Development (first published in 1942). During the period of the 1950s and 1960s, this was the book to which one turned to learn about Marxist economics | more…
In 1995 a foreign reporter interviewed me about Mao. She sought me out as someone who had met the man in person and openly admired him over the years. She asked, “What about all the people he killed? What about all those famine deaths? And what about all the suffering and destruction of people in the Cultural Revolution?” With these questions she lined herself up with the current media line on Mao, the line of conventional wisdom, which is to present him as a monster—Mao, the monster. The usually more enlightened BBC reached a new low that week with their Mao centenary program. It made him out to be not only a monster but also a monstrous lecher far gone into orgies with teenage girls. Such a low level of attack! It cheapened the BBC and should have backfired, but you never can tell these days | more…
A breakthrough in the development of socialist thought, The Challenge and Burden of Historical Time is both a companion volume to Mészáros’s seminal Beyond Capital and a major theoretical contribution in its own right. Mészáros, one of the foremost Marxist thinkers of our age, focuses on the tyranny of capital’s time imperative and the necessity of a new socialist time accountancy, and provides a strong refutation of the popular view that there is no alternative to the current neoliberal order. | more…
We depart this year from our usual practice for MR’s July–August double issue. Instead of a collection of articles on a common theme, we are devoting the issue to a single manuscript—a study of China and economic development theory by Martin Hart-Landsberg and Paul Burkett that will be published in book form by Monthly Review Press early next year. Although there are numerous books on China, this one is especially worthy. It is a careful, clear, well-grounded Marxist study of how a major post-revolutionary society turned away from socialism. In addition, the current transformation in China throws light on why capitalism, by its very nature, creates poverty, inequality, and ecological destruction in the process of economic growth. | more…
China and socialism…during the three decades following the 1949 establishment of the People’s Republic of China (PRC), it seemed as if these words would forever be joined in an inspiring unity. China had been forced to suffer the humiliation of defeat in the 1840-42 Opium War with Great Britain and the ever-expanding treaty port system that followed it. The Chinese people suffered under not only despotic rule by their emperor and then a series of warlords, but also under the crushing weight of imperialism, which divided the country into foreign-controlled spheres of influence. Gradually, beginning in the 1920s, the Chinese Communist Party led by Mao Zedong organized growing popular resistance to the foreign domination and exploitation of the country and the dictatorship of Chiang Kai-shek. The triumph of the revolution under the leadership of the Chinese Communist Party finally came in 1949, when the party proclaimed it would bring not only an end to the suffering of the people but a new democratic future based on the construction of socialism | more…
In 2000 I agreed to become coeditor of Monthly Review along with my dear friend John Bellamy Foster. I had been reading MR since 1972 when I was a teenager and had been educated, enlightened, and inspired by it, and the work of editors Paul Sweezy and Harry Magdoff. I had introduced John to the magazine soon after I discovered it. By the 1990s I had become a regular contributor to MR. When John and Harry asked me to join them as a coeditor I initially balked. I already had a very full schedule and there was no sign it would abate. Plus, I was a media historian and critic; not an economist. But John, in particular, insisted that my involvement was necessary to bring MR through a difficult transition editorially and financially. He promised me that he would do most of the work. I agreed with an understanding that I would have to revisit the situation in due time | more…
The World We Wish to See presents a sweeping view of twentieth-century political history and a stirring appeal to take political organization seriously. Amin offers provocative analysis of contemporary resistance to neoliberalism,while boldly calling for a new global movement, “an internationalism of peoples,” to challenge the current order and fashion a better world. | more…
I have a confession to make: I do not work. I am on SSI.1 I have very little work value (if any), and I am a drain on our country’s welfare system. I have another confession to make: I do not think this is wrong, and to be honest, I am very happy not working. Instead I spend the majority of my time doing the activity I find the most rewarding and valuable, painting | more…
This year marks the 10th anniversary of the death of Ralph Miliband, who was one of the leading Marxist political theorists of the second half of the 20th century. His works, Parliamentary Socialism (1961), The State in Capitalist Society (1969), and Marxism and Politics (1977) are classics of socialist political analysis. This year is also the 40th anniversary of The Socialist Register, an annual journal that Miliband cofounded and coedited for 30 years | more…
Historical materialists are not prophets; they do not predict the future course of history. They are concerned rather with the present as history. This fundamental principle of Marxist thought is called to mind by our reencounter recently with a common misinterpretation of Lenin’s Imperialism. In his new book, The New Imperialism, David Harvey writes (p. 127): “I therefore think Arendt is…correct to interpret the imperialism that emerged at the end of the nineteenth century as the ‘first stage in political rule of the bourgeoisie rather than the last stage of capitalism’ as Lenin depicted it.” (See also Harvey’s piece “The ‘New’ Imperialism” in the Socialist Register, 2004, p. 69.) | more…
Samir Amin’s “World Poverty, Pauperization, and Capital Accumulation,” the Review of the Month in this issue of MR, addresses the growing phenomena of landlessness and pauperization among rural populations in the periphery. He reminds us that half of the people in the world are peasants, a group largely unseen by liberals and radicals. The dispossession of the peasantry throughout the third world represents one of the central problems of our time—for reasons of straightforward humanity. Amin points out that the worsening position of the peasantry, their forced migration to cities, and the growth of hunger among the poor cannot be adequately dealt with by treating these problems as mere aberrations of the system. Mounting occasional “anti-poverty” programs or “humanitarian” assistance or even projects to enhance farm productivity offer no real long-term solutions. In fact, the inherent contradictions in the third world are such that even increases in the productivity of peasants so that more food is producedin the absence of employment opportunities for rural labor that is no longer needed in agriculture—can seriously worsen the problem of displacement and hunger! The enormous humanitarian problem that Amin describes is rather a result of the way capitalism works on a world scale. The clear lesson to be drawn from his article is that the anti-globalization struggle needs to be aimed at the real problem—the capitalist system | more…