It is obvious that humankind has arrived at a crucial turning point in its long history. Nuclear war could terminate the whole human enterprise. But even if this catastrophic ending can be avoided, it is by no means certain that the essential conditions for the survival and development of civilized society as we know it today will continue to exist | more…
Two and a half years after its spectacular crash, Argentina seems to be entering a new political and economic phase. President Néstor Kirchner, elected in May 2003, has claimed that “the period of neoliberalism is over” and economic activity has recovered faster than generally anticipated. Payments are being made on a part of the debt held by favored creditors (above all the IMF), and international pressure to refinance and make payments on the defaulted debt has increased. Neoliberal economists remain totally discredited, but the Kirchner regime’s policy of partial payments on the debt, financed by revenues generated by severe restrictions on public spending, is applauded by a coterie of supposed “Keynesian” and “national” economists.… Questions remain: What happened to the external debt disaster? Is the enormous social crisis, for a moment extensively covered by the press and media, over? And even: Is Argentina, a neoliberal model in the 1990s of an “open, deregulated and privatized economy” now inaugurating a reverse miracle of a new type (perhaps to be termed Keynesian), a “national capitalism with a human face”? | 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…
An indication of just how bad things have become for the U.S. invaders and occupiers of Iraq is that comparisons with the Vietnam War are now commonplace in the U.S. media. In a desperate attempt to put a stop to this, President Bush intimated on April 13, in one of his rare press conferences, that the mere mention of the Vietnam analogy in relation to the present war was unpatriotic and constituted a betrayal of the troops. Yet the question remains and seems to haunt the U.S. occupation of Iraq: To what extent has Iraq become another “Vietnam” for American imperialism? | more…
I want to address a very simple question: What keeps capitalism going? or, in the somewhat more technical language of Marxists, How does capitalism as a system reproduce itself? | more…
The growing inequalities we are witnessing in the world today are having a very negative impact on the health and quality of life of its populations. It is true, as many conservatives and neoliberal authors continue to stress, that health indicators are improving in many parts of the world, including in many underdeveloped countries. But what these authors are not saying is that the rate of improvements in these indicators have slowed down in most countries that have experienced a growth of inequalities, and in many of them, including the United States, these indicators have even reversed. According to the last report of the National Center for Health and Vital Statistics, infant mortality in the United Staes has increased, reversing the decline that had occurred since 1953.1 The growth of inequalities is thus bad for people’s health. But why? | more…
Michael Hardt and Antonio Negri’s Empire, published by Harvard University Press in 2000, took the intellectual world by storm. After the declared demise of “grand narratives” and projects of human emancipation, here came a book that told the grandest of all stories, the totalization of capital, and anticipated the most magnificent of all revolutionary outcomes, communism. Postmodern taboos were shattered, or so it seemed. The prophets of the multitude, Hardt and Negri, were duly acknowledged and celebrated in the liberal press. In the United Kingdom, the New Statesman ran an interview with Negri entitled “The left should love globalization.” Globalization, Negri stated, leads to real democratic “global citizenship.” In the United States, New York Times reviewer Emily Eakin hailed Empire as the “next big idea,” announcing the arrival of a badly-needed “master theory” to overcome the “deep pessimism,” “banality” (Stanley Aronowitz’s term), “crisis,” and “void” that have characterized the humanities in the last decade. Empire (both book and concept) was good news for everyone, ushering in a period that, while difficult to define, is, in Hardt’s words, “actually an enormous historical improvement over the international system and imperialism.” | more…
Abrupt climate change has been a growing topic of concern for about a decade for climate scientists, who fear that global warming could shut down the ocean conveyer that warms the North Atlantic, plunging Europe and parts of North America into Siberian-like conditions within a few decades or even years. But it was only with the recent appearance of a Pentagon report on the possible social effects-in terms of instability and war-of abrupt climate change that it riveted public attention. As the Observer (February 22) put it, “Climate change over the next 20 years could result in global catastrophe costing millions of lives in wars and natural disasters.” | more…
Economic theory is not neutral, and the results when it is applied owe much to the implicit and explicit assumptions embedded in a particular theory. That such assumptions reflect specific ideologies is most obvious in the case of the neoclassical economics that underlies neoliberal economic policies | more…
People without a voice are not people in any meaningful sense of the word. Silenced people cannot express their ideas; they can neither consent nor protest. They are reduced to being pawns in the schemes of the powerful, mendicants who must accept whatever is imposed upon them. In order to keep people in a state of subjugation, silencing their voices is essential. Nowhere is this clearer than in U.S. prisons | more…
More than any other work, The Political Economy of Media demonstrates the incompatibility of the corporate media system with a viable democratic public sphere, and the corrupt policymaking process that brings the system into existence. Among the most acclaimed communication scholars in the world, Robert W. McChesney has brought together all the major themes of his two decades of research. Rich in detail, evidence, and thoughtful arguments, The Political Economy of Media provides a comprehensive critique of the degradation of journalism, the hyper-commercialization of culture, the Internet, and the emergence of the contemporary media reform movement. The Political Economy of Media is mandatory reading for anyone wishing to understand and change media, and the political economy, in the world today. | more…
This is the fourth in a continuing series of special issues on the economy to which we have devoted the magazine each April since 2001. In the first of these, written shortly before the 2001 recession began, we took on the then prevalent myth of the “New Economy,” arguing that it was more myth than reality, and dispelling the notion that high tech and rising productivity gains had somehow tamed the business cycle. In April 2002 we dedicated the Review of the Month to examining the core economic contradictions of the system in terms of “Slow Growth, Excess Capital, and a Mountain of Debt.” Last April we asked the question, “What Recovery?” and focused on the fact that the recovery had failed to spread to employment, and on the whole problem of labor underutilization—inquiring into how the economy managed to keep going at all under these circumstances. | more…