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Monthly Review Volume 76, Number 10 (March 2025)

March 2025 (Volume 76, Number 10)

The editors analyze recent shift in mainstream discourse away from the goal of energy transition toward capitalist friendly policies that allow corporations to receive large subsidies for inadequate “solutions.” Despite the scientific consensus that these are insufficient to tackle the planetary crisis, capital and its advocates continue to promote the abandonment of the energy transition in the effort to maintain U.S. imperial dominance and feed its hunger for fossil fuels. | more…

Arghiri Emmanuel

Arghiri Emmanuel and Unequal Exchange: Past, Present, and Future Relevance

Torkil Lauesen delves into the legacy of celebrated Arghiri Emmanuel, whose theory of unequal exchange resonates well into the twenty-first century. Introduced in 1962, Emmanuel’s critique of Ricardian and neoliberal capitalism further illuminated the Marxist concept value as it relates to global exchange and the ongoing exploitation of the Global South by the Global North. | more…

New this week!
Prestes Maia Avenue in São Paulo, Brazil

Labor Informality and Unemployment in Brazil: Insights from the Perspective of the Relative Surplus Population

Using data from Brazil’s Integrated System of Household Surveys, Renata Falavina and Gabriel Ulbricht employ Marxist categories in order to illuminate the concept of the reserve army of labor in the context of underemployment and informal labor in modern-day Brazil. This view, the authors write, shows that the dichotomy of full employment and unemployment fails to capture the complexity of unstable labor dynamics in a world of informal and precarious work. | more…

The Communist Revolution in Gansu

Chinese-Style Modernization: Revolution and the Worker-Peasant Alliance

Since the 1980s, writes Lu Xinyu, a division between industrial and agricultural labor has grown in China, reflected in the fractured relationship between urban and rural areas. China’s successful navigation of the issue, Lu concludes, relies on creating a vigorous alliance between the rural peasantry and urban workers that aids in the ultimate delinking of China from the imperialist, world system. Chinese-style modernization, Lu concludes, represents a path that, while developed in a Chinese context, “represents the aspirations of the Global South to break free from worldwide Western hegemony.” | more…

Free Cash, Capital Accumulation and Inequality

Free Cash, Mergers, and Capital Spillage

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…

Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century

Braverman, Monopoly Capital, and AI: The Collective Worker and the Reunification of Labor

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…

Workers in a fiber optic cable factory

The Classic Transcending Borders and Ages: Commemorating the Fiftieth Anniversary of ‘Labor and Monopoly Capital’

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…

Plastic Pollution covering beach in Accra, Ghana

Monopoly Capital and the Rise of the Synthetic Age

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…

Blood in the Machine: The Origins of the Rebellion Against Big Tech, Brian Merchant

The Attenuated Politics of Popular Luddism

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…

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