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Political Economy

China and Socialism: Market Reforms and Class Struggle

China and Socialism: Market Reforms and Class Struggle

Hart-Landsberg and Burkett’s China and Socialism argues that market reforms in China are leading inexorably toward a capitalist and foreign-dominated development path, with enormous social and political costs, both domestically and internationally. The rapid economic growth that accompanied these market reforms have not been due to efficiency gains, but rather to deliberate erosion of the infrastructure that made possible a remarkable degree of equality. The transition to the market has been based on rising unemployment, intensified exploitation, declining health and education services, exploding government debt, and unstable prices. | more…

February 2001 (Volume 52, Number 9)

Notes from the Editors

The attention given to the Florida elections in the US presidential race has highlighted the horrendous fact that in Florida and throughout the South thirty-five years after the passage of the Voting Rights Act there are numerous ways in which African Americans are prevented from voting. Thus Florida is one of fourteen states that bar ex-criminal offenders from voting even after they have completed their sentences. In Florida alone more than 400,000 ex-criminal offenders who at one time received felony convictions but who have now completed their sentences and are no longer in prison, on probation, or on parole have been barred from voting in this way. This includes almost one-third of black men in that state and more than 200,000 potential African-American voters, 90 percent or more of whom could have been expected to vote Democrat if they had voted. This situation in Florida and other states is documented in a 1998 report entitled Losing the Vote, issued by Human Rights Watch and the Sentencing Project, available on-line at http://www.hrw.org/reports98/vote/. Given the fact that under the present criminal injustice system African Americans are far more likely to be arrested and given felony convictions than their white counterparts this becomes an effective means of political control. | more…

The Nader Campaign and the Future of U.S. Left Electoral Politics

The unlikely postelection contest between Al Gore and George W. Bush, which ultimately led to the anointing of Bush as president by the Republican majority on the US Supreme Court (despite the fact that Bush received fewer popular votes than Gore both in the United States as a whole and most likely in Florida as well—the state that gave Bush his electoral college win), has tended to erase all other developments associated with the election. But all of this should not cause us to forget that the Ralph Nader Green Party campaign for the presidency was arguably the most extraordinary phenomenon in US left politics in many years | more…

About the Workers and For the Workers

Eleanor Marx and Edward Aveling, The Working Class Movement in America, edited by Paul Le Blanc (Amherst, NY: Humanity Books, 2000), $55, 231 pp.; Paul Le Blanc, A Short History of the US Working Class (Amherst, NY: Humanity Books, 1999), $30 (cloth), $20 (paper), 205 pp.

1886 was a momentous year in United States labor history. The great eight-hours movement had swept across the nation, and the Knights of Labor were in full flower. Working class politicial parties were forming, and the American Federation of Labor had been founded. In that year, Karl Marx’s daughter, Eleanor, and her partner, Edward Aveling, toured the United States, giving lectures and meeting comrades as guests of the Socialist Labor Party. They then returned to England and wrote about their trip. The first book under review is a timely reprint of the original. In addition to the reprint, it includes a useful introduction by Paul Le Blanc (including a fine annotated labor history bibliography) and interesting essays by historian Lisa Frank on Eleanor Marx and by writer and labor activist Kim Moody on aspects of working class life the two visitors failed to see | more…

January 2001 (Volume 52, Number 8)

A striking example of the one-sided nature of the US media, at least where issues of capital and imperial power are concerned, is the way recent events in the Middle East are being reported. One would never know from the press, radio, and television that Palestinians are fighting for freedom from military occupation and the years-long deterioration of social and economic conditions. Theirs is in essence an anticolonial struggle. In a recent article in the Egyptian Al-Ahram Weekly, Edward Said pointed out: not a single map has been published or shown on television to remind American viewers and readers—notoriously ignorant of both geography and history—that Israeli encampments, settlements, roads and barricades crisscross Palestinian land in Gaza and the West Bank. | more…

Fifty Years Ago in Monthly Review

A widely-held belief in the United States is that Americans lead the world in social, humanitarian, and even egalitarian thinking. More specifically, Mrs. Roosevelt and other United States representatives at the UN are thought to have extended the frontiers of human rights on the international plane. The opposite is true…In December, 1948 the General Assembly of the United Nations adopted a “Universal Declaration of Human Rights,” which was to be a beacon light to the world—a guide to wider freedoms and a better life….The original idea was to draw up an International Bill of Rights which every country would sign just as it signs any other international convention….At this stage, the Americans displayed a rare example of long term planning on a UN matter | more…

December 2000 (Volume 52, Number 7)

Notes from the Editors

Praise for Karl Marx—albeit of a somewhat mocking kind—comes from the strangest places nowadays. In their new book Future Perfect: The Challenge and Hidden Promise of Globalization, John Micklethwait and Adrian Wooldridge, bestselling business authors and correspondents for the adamantly procapitalist Economist magazine, declare that, “as a prophet of socialism Marx may be kaput; but as a prophet of ‘the universal interdependence of nations,’ as he called globalization, he can still seem startlingly relevant. His description of globalization remains as sharp today as it was 150 years ago” (pp. 332-333). The same thing has been noticed in a quite different way in colleges and universities, as demand for courses on Marx, Marxism, and political economy appear once again to be on the rise. | more…

Capitalism’s Environmental Crisis—Is Technology the Answer?

The standard solution offered to the environmental problem in advanced capitalist economies is to shift technology in a more benign direction: more energy-efficient production, cars that get better mileage, replacement of fossil fuels with solar power, and recycling of resources. Other environmental reforms, such as reductions in population growth and even cuts in consumption, are often advocated as well. The magic bullet of technology, however, is by far the favorite, seeming to hold out the possibility of environmental improvement with the least effect on the smooth working of the capitalist machine. The 1997 International Kyoto Protocol on global warming, designed to limit the greenhouse-gas emissions of nations, has only reinforced this attitude, encouraging many environmental advocates in the United States (including Al Gore in his presidential campaign) to advocate technological improvement in energy efficiency as the main escape from the environmental mess. | more…

“Saving” Social Security

A Neoliberal Recapitulation of Primitive Accumulation

Dean Baker and Mark Weisbrot, Social Security: The Phony Crisis (Chicago and London: The University of Chicago Press, 2000), 175 pp., $22.

The pronounced insecurity that inevitably attends capitalism’s historic tendency to commodify, and hence privatize, everything that can be commodified and privatized has been met with two major forms of resistance. The first is revolutionary communism, which emerged in the latter half of the nineteenth century and the second is social democracy, which developed in its strongest form in Europe after the Second World War. A defining feature of our present situation is that neither of these forms of resistance to capitalist hegemony is currently a major historical force. | more…

November 2000 (Volume 52, Number 6)

Notes from the Editors

Dissatisfaction with what has happened to the study of economics is producing a rapidly growing revolt among economics students in France, Britain, the United States, and elsewhere. Within a matter of months, this new movement has made considerable inroads in exposing the meaninglessness of orthodox economics in contemporary capitalist societies. Students are eagerly looking for answers about the issues of the day, such as expanding globalization, growing dominance of international finance, increasing polarization between the rich and poor nations and between the rich and poor of each nation. But orthodox economics has no meaningful answers to any of these questions—a fact that has fed the widening rebellion among economics students in numerous countries. Before reporting on this new discontent, we need to provide some background on how economics has been transformed, since its classical period, into a study that is becoming more and more irrelevant. | more…

Capital Crimes

The Political Economy of Crime in America

American politicians have been declaring victory in the war against crime at least since Richard Nixon said in 1972 that “[c]rime…[is] finally beginning to go back down…[because] we have a remarkable record on the law-and-order issues, with crime legislation…and narcotics bills.” In other words, crime declines because the government passes laws and spends money; larger prisons, more police, fewer civil liberties, and tougher punishments are winning the war on crime  | more…