Craig Medlen draws on decades of data to reveal how the creeping stagnation of the past half-century has led to the increasing consolidation of corporate monopoly power and concentration of firms by way of mergers and, importantly, the free cash that funds them. This stunning rise in free cash, fueled in part by government deficits, starkly reveals how the ruling class continues to enrich themselves and strengthen their position on the top of the economic heap. | more…
December’s Monthly Review begins the fiftieth-anniversary celebration of Harry Braverman’s seminal work, Labor and Monopoly Capital (Monthly Review Press, 1974), with this Review of the Month by John Bellamy Foster, which explores the connections between Marx’s “collective worker,” Braverman’s “collective scientist,” and the struggle against the degradation of work in the digital age. | more…
What was the impact of Labor and Monopoly Capital in its day, and what is its resonance in ours? Kuang Xiaolu, Li Zhi, and Xie Fusheng take stock of Harry Braverman’s influential scholarship over the last half-century. In sum, they write, “with the global expansion of the capitalist mode of production, the significance of Labor and Monopoly Capital has long surpassed narrow national boundaries and the era in which Braverman lived.” | more…
Following Harry Braverman’s assertion that we must examine “by way of concrete historical specific analysis of technology…on one side and social relations on the other” in order to understand the impact of the Scientific-Technical Revolution on our daily lives, John Hedlund and Stefano B. Longo describe the explosion of the Synthetic Age of plastics, revealing the commodification of science in service of capital. | more…
Mark Allison reviews Brian Merchant’s timely Blood in the Machine (Little, Brown, and Co., 2023), finding in it a compelling historical account of the original Luddite movement with important parallels to our own age of Big Tech. However, Allison asks, are the lessons drawn from Blood in the Machine even possible within the confines of capitalism? | more…
In this review of Andrew Drummond’s The Dreadful History and Judgement of God on Thomas Müntzer (Verso Books, 2024), Paul Buhle explores how the influence of this Christian priest reverberated throughout the centuries, inspiring generations of future revolutionaries—including Karl Marx himself. | more…
Christian Noakes invites readers into a literary exploration of Franz Kafka’s short story, “Josephine the Singer.” After all, as the author notes, “Kafka’s often nightmarish stories reflect many of the social, political, and cultural dynamics inherent under capitalism.” In applying this notion to “Josephine the Singer,” Noakes discovers a tale that describes not only the mechanisms of domination that constrain us, but the possibilities of a new consciousness, and a new world. | more…
In this review of Bit Tyrants by Rob Larson, Mateo Crossa finds and expands on how the powerful actors of Silicon Valley have fashioned themselves into the new, unapologetic robber barons, operating in the shadows of political lobbying to maintain their monopolistic practices in the Global North while shamelessly engaging in the naked exploitation of the workers in the Global South. Crossa echoes Larson’s call for liberation from these tyrants, bringing attention to the necessity of socialism—both on- and offline—to agitate for democratic control over the technology and Internet platforms that increasingly penetrate our daily lives. | more…
Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China’s future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society. | more…
Since the 1980s, Chinese writers and thinkers have been engaging with Marxist ecology, constructing a theoretical system that starts with interpretation of Marx and Engels themselves. Chen Yiwen takes stock of how this framework progressed toward an overarching theory of ecological civilization, generating new questions to be answered at every stage of development. | more…
Bernard D’Mello describes India’s role as a collaborator in the U.S. anti-China Indo-Pacific project. This role, he elaborates, grows directly from the imperial/sub-imperial relationship between the United States and India, which manifests itself in border disputes, military exercises, diplomacy, economic ties, and more, has heightened hostilities in the Indo-Pacific region while benefiting the power elite of both countries. | more…
