Only once we understand the long history of human efforts to draw sustenance from the land can we grasp the nature of the crisis that faces humankind today, as hundreds of millions of people are faced with famine or flight from the land. From Neolithic times through the earliest civilizations of the ancient near East, in savannahs, river valleys and the terraces created by the Incas in the Andean mountains, an increasing range of agricultural techniques have developed in response to very different conditions. These developments are recounted in this book, with detailed attention to the ways in which plants, animals, soil, climate, and society have interacted. | more…
Beginning in the 1980s, there was a significant increase in awareness of the deep flaws of mainstream journalism among those on the U.S. left. Writers such as Todd Gitlin, Herbert Schiller, Gaye Tuchman, Ben Bagdikian, and Michael Parenti, each in his or her own way, drew attention to the incompatibility between a corporate run news media and an ostensibly democratic society. The work of Edward S. Herman and Noam Chomsky, in particular, introduced an entire generation of progressives to a critical position regarding mainstream journalism. As the title of their masterful Manufacturing Consent indicated, the capitalist news media are far more about generating support for elite policies than they are about empowering people to make informed political decisions | more…
For a long time now, the U.S. economy and the economies of the advanced capitalist world as a whole have been experiencing a slowdown in economic growth relative to the quarter-century following the Second World War. It is true that there have been cyclical upswings and long expansions that have been touted as full-fledged “economic booms” in this period, but the slowdown in the rate of growth of the economy has continued over the decades. Grasping this fact is crucial if one is to understand the continual economic restructuring over the last three decades, the rapidly worsening conditions in much of the underdeveloped world to which the crisis has been exported, and the larger significance of the present cyclical downturn of world capitalism | more…
Historically, monetary crises have been related to hyperinflation, from which Argentina has often suffered. Hyperinflation is generally viewed as a calamity leading to the destruction of the capitalist monetary system of circulation. In the present Argentine crisis, however, there has been a complete implosion of economic and monetary relations due to hyperdeflation. This is the strangulation of the economy by the requirement to pay an unsustainable debt | more…
Against the background of Argentina’s dramatic economic downfall, a meeting was held in January 2002 at the Faculty of Economic Sciences of the University of Buenos Aires. The focus of the meeting was the need to work on alternative proposals to deal with the crisis | more…
All discussion of distance education these days invariably turns into a discussion of technology, an endless meditation on the wonders of computer-mediated instruction. Identified with a revolution in technology, distance education has thereby assumed the aura of innovation and the appearance of a revolution itself, a bold departure from tradition, a signal step toward a preordained and radically transformed higher educational future. In the face of such a seemingly inexorable technology-driven destiny and the seductive enchantment of technological transcendence, skeptics are silenced and all questions are begged. But we pay a price for this technological fetishism, which so dominates and delimits discussion. For it prevents us from perceiving the more fundamental significance of today’s drive for distance education, which, at bottom, is not really about technology, nor is it anything new. We have been here before | more…
Miriam Ching Yoon Louie, Sweatshop Warriors: Immigrant Women Workers Take on the Global Economy (Cambridge, Mass.: South End Press, 2001), 306 pages, $18.00 paper.
The reemergence of sweatshops in the United States has taken many people by surprise. It was commonly assumed that sweatshops disappeared years ago and that their presence would no longer be accepted. This proved to be fatally wrong | more…
The meltdown of Enron, the giant energy trading firm, which recently ranked as the seventh largest U.S. corporation—now its largest ever bankruptcy—is one of the most startling events in U.S. financial history. Only a few months ago Enron was the toast of Wall Street. It was the symbol of the New Economy and of the deregulation of both finance and energy markets. Its former CEO, Jeffrey K. Skilling, promoted the idea that assets were not what made a company valuable. Instead what counted was a corporation’s intellectual capital. He sold the idea of Enron as a nimble, highly-leveraged, “asset-light” company engaged in aggressive internet-based trading. The point is that this huge and highly regarded corporation did not make anything. Nor did it perform a service like distributing energy. It was in essence a purely speculative enterprise, making money through trading made possible by the deregulation of a basic consumer need (electricity). And U.S. business bought it! For six years in a row, the editors of Fortune magazine selected Enron as the “most innovative” among the magazine’s “most admired” corporations. Enron was a principal fundraising source for President George W. Bush’s electoral campaign. It was a big winner in California’s electrical deregulation crisis, which generated skyrocketing electricity prices and huge profits for big energy traders. Enron’s corporate empire was underwritten by some of the biggest U.S. banks, including J. P. Morgan Chase and Citigroup | more…
In this article we will argue that the Japanese economic crisis is connected to a process of oligopolistic accumulation and to Japan’s role as the regional economic hegemon in East Asia. The combination of these two factors generates a classic Baran-Sweezy-Magdoff perspective on the crisis in Japan | more…
We live at a time when capitalism has become more extreme, and is more than ever presenting itself as a force of nature, which demands such extremes. Globalization—the spread of the self-regulating market to every niche and cranny of the globe—is portrayed by its mainly establishment proponents as a process that is unfolding from everywhere at once with no center and no discernible power structure. As the New York Times claimed in its July 7, 2001 issue, repeating now fashionable notions, today’s global reality is one of “a fluid, infinitely expanding and highly organized system that encompasses the world’s entire population,” but which lacks any privileged positions or “place of power.” | more…
Bertell Ollman, How to Take an Exam…& Remake the World (Montreal and New York: Black Rose Books, 2001), 191 pages, $19.99 paper.
Bertell OIlman’s How to Take an Exam … & Remake the World has a double agenda, which OIlman candidly acknowledges: to offer advice about studying (which the student wants) and to make a powerful plea for socialism (which OIlman wants). As a study guide, the book offers suggestions for exam preparation that are mostly serious (persistently reminding the student of the importance of advance preparation and offering guidance about how to do that), sometimes cheeky (pre-exam sex is okay, drugs and cheating not), sometimes subversive (in the advice on how to get over on the professor), and at bottom deeply crit- ical of exams as a genre, especially the ones that discourage thinking. OIlman argues that the function of exams is to train submissive work- ers, a trenchant assessment that grows increasingly explicit as the book develops. These exam tips and observations form less than half the story of the book, which scatters them amongst a devastating political analysis. While his experience as a professor makes him a good adviser for exam taking, his commitment to progressive politics and his deep knowledge of Marxism and capitalism make the political and economic material the more powerful part of the book, as he intends | more…
Chuck Collins, Betsy Leondar-Wright and Holly Sklar, Shifting Fortunes: The Perils of the Growing American Wealth Gap (Boston: United for a Fair Economy, 1999), 94 pp., $6.95 paper.
It is a telling historical fact that during both the lean times of the late 1970s and early 1980s, and the boom times of the 1990s, one thing has remained relatively constant: economic inequality in the United States has been increasing. During recessions it is workers who are asked to tighten their belts and who have to cope with falling wages, shrinking fringe benefits, or even massive layoffs, while everything possible is done to preserve corporate profits and income that is derived through ownership. During times of expansion one might expect the incomes of both owners and workers to increase. However, in the boom of the 1990s, while income derived through ownership increased, wages for most workers continued to stagnate and fringe benefits continued to be whittled down. About the only thing that kept the poverty rate at a respectably low level was the low unemployment rate. The boom now seems to have ended without workers ever making substantial gains | more…
