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The Emperor Has No Clothes But Still He Rules

Moshe Adler, Economics for the Rest of Us: Debunking the Science that Makes Life Dismal (New York: The New Press, 2009), 224 pages, $24.95, hardcover; David Orrell, Economyths: Ten Ways That Economics Get It Wrong (Mississauga, Ontario: John Wiley & Sons Canada, Ltd., 2010), 288 pages, $27.95, hardcover; Yanis Varoufakis, Joseph Halevi, and Nicholas J. Theocaratis, Modern Political Economics: Making Sense of the Post-2008 World (New York: Routledge, 2011, forthcoming), 536 pages, $165.00, hardcover, $65.00, paperback.

Science is often thought to proceed from a theory to experiments that test its predictions. If new data are discovered that cannot be explained by the theory, eventually a new theory arises to replace it. If the new theory can explain everything the old one did plus the new phenomena, sooner or later every scientist will adhere to the new paradigm.… Neoclassical economics is taught in every college classroom in the United States and in almost every country in the world. Graduate students learn no other approach to economics. They are taught that neoclassical economics is a science, on a par with physics and the other natural sciences. There is even a joke that when good neoclassical economists die, they are reincarnated as physicists, but bad ones come back as sociologists. | more…

Labor’s Love Lost: War Among the Unions

Steve Early, Labor’s Civil Wars (Chicago: Haymarket Books, 2011), 440 pages, $17.00, paperback.

Leadership driven union density or membership driven mobilization? Labor activist and writer Steve Early chronicles the divisions that opened up in a labor movement desperate to curb decline during the first decade of the 21st century. Divisions that led to a split in the AFL-CIO and in the largest US union, SEIU. Early’s detailed knowledge of the issues and players makes for a fascinating trip through labor politics, largely ignored in the mainstream media. | more…

Labor Revolts in the 1970s

Aaron Brenner, Robert Brenner, and Cal Winslow, editors, Rebel Rank and File: Labor Militancy and the Revolt from Below During the Long Seventies (New York: Verso, 2010), 472 pages, $29.95, paperback.

Rebel Rank and File is a collection of articles that surveys the building, heydey, and decline of rank and file workers’ movement in the fields, mines, auto plants, schools, trucking and phone companies in the late 1960s through the 1970s. What makes this book so valuable is that the first half is devoted to detailing the context of these struggles—the political economy in which they were set. It begs the reader to look deeper into the basis of the book—bureaucratized unions, with leaders hell bent on maintaining power no matter the cost, who serve as buck privates in the Democratic Party army, and who need a compliant base every bit as much as the employers. The authors develop a number of interconnected themes: the single minded union strategy based on endless capitalist growth, parochialism, the private welfare state, pragmatism, anti-communism, influence of anti-war, black power and women’s movements—all of which then help the reader to see similarities of the different rank and file experiences, no matter the work or union. | more…

The Jack O’Dell Story

Nikhil Pal Singh, editor, Climbin’ Jacob’s Ladder: The Freedom Movement Writings of Jack O’Dell (Berkeley: University of California Press, 2010), 298 pages, $34.95, hardcover.

The story Jack O’Dell is one of the least understood but most important stories in the last half-century of the American Left; important because O’Dell, in his organizing and his writing for Freedomways magazine, contributed in crucial ways to the struggle against racism. But also little understood because the taboo on American Communism and Communists has prevented individual stories from the surrounding milieux to be appreciated and understood. This review-essay brings O’Dell back to light. | more…

Woody Guthrie: Redder than Remembered

Will Kaufman, Woody Guthrie, American Radical (Chicago: University of Illinois Press, 2011) 264 pages, $29.95, hardcover.

Will Kaufman’s new book, Woody Guthrie, American Radical, describes how Guthrie’s life-long radicalism shaped his music and evolved over time—from the Great Depression to the Second World War, from the Popular Front to the McCarthyite witch hunts, and into the folk music revival of the 1960s. Kaufman argues that Guthrie’s work must be understood in the context of its time, but also in light of Guthrie’s commitment to socialist politics and his unrelenting opposition to capitalism and fascism. | more…

Monthly Review Volume 62, Number 11 (April 2011)

April 2011 (Volume 62, Number 11)

This year marks the forty-fifth anniversary of the publication of Paul Baran and Paul Sweezy’s classic work, Monopoly Capital: An Essay on the American Economic Order (Monthly Review Press, 1966). Three years before the publication of their book, in the July 1963 issue of Monthly Review, Baran and Sweezy published two chapters of Monopoly Capital in MR, together with an introduction. (The publication of the actual book was delayed by Baran’s death in 1964.) Today MR editor John Bellamy Foster and Robert W. McChesney are currently completing a book, entitled Monopoly-Finance Capital: Politics in an Era of Economic Stagnation and Social Decline, to be published by Monthly Review Press early next year. The purpose of this new work is to bring the analysis of Monopoly Capital up to date, addressing the changes that have occurred in the capitalist system in the last half-century. We have therefore decided to follow the example of Baran and Sweezy and publish a number of the core chapters of this book, in early form in the magazine, in advance of the book itself. The March 2011 Review of the Month, “The Internet’s Unholy Marriage to Capitalism,” was one such chapter. This issue’s Review of the Month, “Monopoly and Competition in Twenty-First Century Capitalism“…is another. | more…

Monthly Review Volume 62, Number 10 (March 2011)

March 2011 (Volume 62, Number 10)

In the United States, it is now three years since the “Great Recession” began, and twenty-one months since it officially ended. Whether or not the end of the Great Recession means that the economy is now on the way to sustained recovery is another matter. Wall Street has rebounded dramatically, as have corporate—and especially financial sector—profits, but for ordinary men and women, circumstances are nearly as troubling today as they were at the bottom of the downturn in June 2009. | more…

Greed beyond Avarice

H. Rae Aston is a sculptor, poet, and former journalist. He lives on the shore of the Mille Îles River, north of Montreal, and has been for most of his life an advocate and fighter for socialist governance. Those efforts continue. | more…

Continuing Sources of Marxism

Looking for the Movement as a Whole

In 1913 Lenin identified three intellectual sources of Marxism: German philosophy, English political economy, and French utopian socialism—each in turn created in the social conditions of their societies. But the process did not end there. Marxism continues to grow and to learn from the most advanced, liberating ideas of each period. (It is also influenced in negative ways, narrowing its horizons and getting dragged along by fashion in times of defeat). Here, I want to identify four contemporary sources of enrichment of Marxism: ecology, feminism, national/racial struggles, and pacifism. It is important to recognize them as sources of ideas, not only as allies in political struggles. Their interaction with Marxism is, of course, different from the pre-Marxist sources. They come to Marxism from the outside, but from an outside already influenced in part by Marxism, and they are both welcomed and resisted. | more…

Blood on the Path of Love

The Striking Workers of Faisalabad, Pakistan

The government and the bosses go hand-in-hand; more often than not, the bosses are the government.…today’s Pakistani elite are incestuously interconnected via family relations and marriages with a large patronage network of squabbling, but self-serving, interest groups. Their rationale is to keep the country and its resources for themselves: they negotiate among themselves and take the spoils from any sales to the international elite.… Against these latter-day pharaohs stand the conscious and spirited workers.… Mian Qayyum, Bawa Lalif Ansari, and Muhammad Rana [are contemporary narrators of their struggle]. | more…

The Loneliness of the Long-Distance Test Scorer

Standardized testing has become central to education policy in the United States. After dramatically expanding in the wake of the No Child Left Behind Act, testing has been further enshrined by the Obama administration’s $3.4 billion “Race to the Top” grants. Given the ongoing debate over these policies, it might be useful to hear about the experiences of a hidden sector of the education workforce: those of us who make our living scoring these tests. | more…

Free-Market Feminism

Hester Eisenstein, Feminism Seduced: How Global Elites Use Women’s Labor and Ideas to Exploit the World (Boulder, CO: Paradigm Publishers, 2010), 272 pages, $26.95, paperback.

Feminism Seduced, written for a general audience, presents a powerful, historically grounded critique of liberal feminism. Drawing on three decades of writing by socialist/Marxist feminists and women-of-color feminists, Eisenstein weaves a compelling account of how the central ideas of “hegemonic feminism” have legitimized the corporate capitalist assault on the working class in the United States and on small farmers and workers, both urban and rural, in the global South.… However, when Eisenstein moves from critique to offering an alternative strategy, she only recycles dualisms that have, as she acknowledges, bedeviled the women’s movement for well over one hundred years. | more…

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