In the past two decades, China’s economic growth has been increasingly dependent on investment. To maintain the growth of investment, China must sustain a fairly high rate of profit, and the fall in labor’s share has been seen as a crucial factor to sustain profitability.… Although the mainstream economists have widely admitted there is a downward trend for labor’s share in China, they explain this trend with a story that has nothing to do with class struggle. In this story, the decline of labor’s share is caused by sectoral changes, mainly the decrease of agriculture and the increase of industry and services as a percent of GDP in the reform era…. [But] Does the decline of labor’s share result from sectoral changes?… [In fact] the decline of labor’s share resulted from the loss in the power of the working class during the transition to capitalism. Sectoral changes have disguised the class conflicts in this historical process. | more…
Acute economic and political drama mark contemporary Europe. The terrible trauma of the financial crisis has been followed by a sovereign-debt disaster. In the countries most deeply affected, the people have been faced with massive attacks on public services, wages, pensions, trade unions, and social rights. The draconian austerity policies have pushed the situation in those countries from bad to worse, leading them into a deep depression.… Confronted with these multiple crises, the traditional labor movements appear perplexed and partly paralyzed. Social democracy is in political and ideological disarray and confusion, reflecting a deep crisis in these movements. On the one hand, social democrats have played a leading role in fierce attacks on trade unions and the welfare state in countries where they have been in power. On the other hand, other social democrats adopt statements and support appeals that sharply condemn the political course now followed by the European Union. | more…
Ian Angus constructs a strawperson in his article “The Myth of ‘Environmental Catastrophism’” (MR, September 2013), which discusses Catastrophism: The Apocalyptic Politics of Collapse and Rebirth, which consists of essays by myself, as well as Sasha Lilley, David McNally, and James Davis. The book is concerned with the political uses of catastrophe and whether actual catastrophes or catastrophic rhetoric can spur people to action. At the heart of Catastrophism is the question of politicization. My essay, which Angus primarily focuses upon, looks at the indisputably catastrophic and urgent devastation of the environment…and asks why environmental movements in the global North have not been effective at moving people to action by simply evoking the calamity of the situation. | more…
David Harvey, Rebel Cities: From the Right to the City to Urban Revolution (New York: Verso, 2012), 208 pages, $16.95, paperback.
Noting the global rise in urban social movements from Occupy Wall Street to the Arab Spring that are challenging the present global order, David Harvey asks in his new book Rebel Cities: “Is there an urban alternative and, if so, from where might it come?” In answering these questions Harvey explores the critical role of the city in the reproduction of capital and birth of radical social movements. He argues that many theorists and activists interested in broad-based social change have largely overlooked cities, despite the historical and growing importance of metropolitan centers in all aspects of human affairs. | more…
Zak Cope, Divided World Divided Class: Global Political Economy and the Stratification of Labour Under Capitalism (Montreal: Kersplebedeb, 2012), 387 pages, $20.00, paperback.
[Zak] Cope argues that the seemingly pervasive racism and cultural chauvinism in the global North is not the result of false consciousness, misinformation, indoctrination, or ignorance (at least to the extent that much of the political left assumes). Rather, racism and cultural chauvinism are the expression of economic interests shared by a variety of social strata in the global North, all of whom have an interest in exploiting the global South. Central to this argument is the idea that the labor aristocracy—the relatively privileged global North working class—developed as a result of the exploitation of the global South, and therefore has a material interest in continuing this exploitation. | more…
Barbara Ransby, Eslanda: The Large and Unconventional Life of Mrs. Paul Robeson (New Haven: Yale University Press, 2013), 424 pages, $25, softcover.
Eslanda Robeson’s robust life and political actions spanned two-thirds of the twentieth century, from the Harlem Renaissance to the London theatre, from studies with students from the British empire’s colonies to travels to the rural villages of Uganda and the Congo, through anti-fascism and the Second World War, across the Cold War and African decolonization, from the Soviet and Chinese revolutions to the founding of the United Nations, from fearlessly challenging McCarthyism to attendance at the All-African Peoples Conference in Ghana, from Jim Crow to the surging of the Black Freedom Movement. Her life as an internationalist, Africanist, political radical, writer, anthropologist, journalist, acclaimed speaker and, oh, yes, did I say the wife, sometimes partner, and enduring political comrade of actor, singer, and militant activist himself, Paul Robeson, spanned virtually every continent and every struggle for equality, peace, and liberation. | more…
If we are to build support for an alternative to capitalism we need clarity on the causes and consequences of the contemporary capitalist drive for greater liberalization and privatization, as well as the benefits from and limits to state direction of capitalist economic activity. Although a small country, Iceland’s recent experience has much to teach us about capitalist dynamics and strategies of transformation. | more…
The biggest internal debate absorbing the world left for at least the last seventy-five years has been whether identity is a left concept and therefore a left concern. In 1950, most activists on the left would have said no. Today a majority would say yes, indeed. But the debate remains fierce. | more…
Between October 2010 and April 2012, over 250,000 people, including 133,000 children under five, died of hunger caused by drought in Somalia. Millions more survived only because they received food aid. Scientists at the UK Met Centre have shown that human-induced climate change made this catastrophe much worse than it would otherwise have been.… This is only the beginning: the United Nations’ 2013 Human Development Report says that without coordinated global action to avert environmental disasters, especially global warming, the number of people living in extreme poverty could increase by up to 3 billion by 2050. Untold numbers of children will die, killed by climate change.… If a runaway train is bearing down on children, simple human solidarity dictates that anyone who sees it should shout a warning, that anyone who can should try to stop it. It is difficult to imagine how anyone could disagree with that elementary moral imperative.… And yet some do. Increasingly, activists who warn that the world faces unprecedented environmental danger are accused of catastrophism—of raising alarms that do more harm than good. That accusation, a standard feature of right-wing attacks on the environmental movement, has recently been advanced by some left-wing critics as well. While they are undoubtedly sincere, their critique of so-called environmental catastrophism does not stand up to scrutiny. | more…
The year 1963 was a high-water mark for the civil rights movement—the year of the great March on Washington for Jobs and Freedom, which drew hundreds of thousands to march for civil rights. But the march also set the stage for the opening of a what was perceived as second, far more radical, phase of the civil rights strategy, developed by the March’s organizers. This led to the development, over a three-year period, of the proposed Freedom Budget for All Americans. It projected nothing less than the elimination of all poverty and unemployment in the United States before the end of the 1970s.… The 1963 March on Washington continues to stand as a great achievement, which—combined with hard-fought nationwide struggles—helped to secure meaningful civil rights and voting rights legislation, and impressive shifts in consciousness. Yet the promise and expectations of King, Randolph, and Rustin for a full realization of their goals for interlinked racial and economic justice remained unfulfilled. | more…
The Theory of Monopoly Capitalism: An Elaboration of Marxian Political Economy was initially written thirty years ago this coming year as my doctoral dissertation at York University in Toronto. It was expanded into a larger book form with three additional chapters (on the state, imperialism, and socialist construction) and published by Monthly Review Press two years later. The analysis of both the dissertation and the book focused primarily on the work of Paul Baran and Paul Sweezy, and particularly on the debate that had grown up around their book, Monopoly Capital: An Essay on the American Economic and Social Order (1966). In this respect The Theory of Monopoly Capitalism was specifically designed, as its subtitle indicated, as an “elaboration” of their underlying theoretical perspective and its wider implications.… Three decades later much has changed, in ways that make the reissuing of The Theory of Monopoly Capitalism in a new edition seem useful and timely. The scholarly research into Baran and Sweezy’s Monopoly Capital has expanded enormously in the intervening years, most notably with the publication of the two missing chapters of Monopoly Capital—one on the theoretical implications of their analysis for economics, the other on culture and communications—and through research into their joint correspondence. The Great Financial Crisis and the resurfacing of economic stagnation have engendered new interest in this tradition of thought. Under this historical impetus the theory itself has advanced to address new developments, particularly with respect to the understanding of stagnation, financialization, and the globalization of monopoly capital. | more…
Hell’s Kitchen is among Manhattan’s most storied and studied neighborhoods. A working-class district situated next to the West Side’s middle- and upper-class residential districts, it has long attracted the focus of artists and urban planners, writers and reformers. Now, Joseph Varga takes us on a tour of Hell’s Kitchen with an eye toward what we usually take for granted: space, and, particularly, how urban spaces are produced, controlled, and contested by different class and political forces. | more…
