Political Economy
As many of you know, we sent out an emergency appeal two months ago to raise $100,000 to make up for a cash deficit. We found ourselves in the paradoxical position of having experienced the largest increase in magazine circulation last year in more than a decade, while looking at a bank account that was pointing toward empty. MR’s very existence was threatened. The problem arose in part because we were without an editor for MR Press for over a year. As a result, book schedules were delayed and new projects put on hold | more…
A Historical Introduction
The prison is so prominent an institution in present-day society that it is difficult to remember that the prison as a place of punishment is only a little more than two hundred years old. It emerged first in the United States and soon after in Europe, and its early phase of development was that of 1789-1848, conforming to what historian Eric Hobsbawm has termed The Age of Revolution. It was thus a product of the dual revolution that formed the basis for modern capitalism: the industrial revolution centered in Britain and the political revolution that took place in the United States and France | more…
Assume that Canada and the Western European countries have about the right number of people in jail. Assume that the social problem of crime is not terribly different in those countries than in the United States. Understand that our incarceration rate is five to eight times that of those other countries. If these assumptions, and this understanding, are even nearly valid, 80 percent of the people in American jails should not be there | more…
The Punishment of Women in U.S. Prisons: An Interview with Marilyn Buck and Laura Whitehorn
After years of neglect, the issue of women in prison has begun to receive attention in this country. Media accounts of overcrowding, lengthening sentences, and horrendous medical care in women’s prisons appear regularly. Amnesty International—long known for ignoring human rights abuses inside United States prisons and jails—issued a report, two days shy of International Women’s Day 2001, documenting over 1,000 cases of sexual abuse of U.S. women prisoners by their jailers. However, we seldom hear from these women themselves. And we never hear from women incarcerated for their political actions | more…
The story of disablement and the prison industrial complex must begin with a trail of telling numbers: a disproportionate number of persons incarcerated in U.S. prisons and jails are disabled. Though Census Bureau data suggest that disabled persons represent roughly one-fifth of the total population, prevalence of disability among prisoners is startlingly higher, for reasons we will examine later. While no reliable cross- disability demographics have been compiled nationwide, numerous studies now enable us to make educated estimates regarding the incidence of various disability categories among incarcerated persons. Hearing loss, for example, is estimated to occur in 30 percent of the prison population, while estimates of the prevalence of mental retardation among prisoners range from 3 to 9.5 percent | more…
If prisons were places people who have committed serious crimes were sent to pay a debt to society, and to be rehabilitated to return to society as healthy members of it, then at least the following things would be true. First, people who had not committed serious crimes would not be in prison at all. Drug users and persons with mental illnesses would receive treatment and would live in their communities, either at home or in safe and hospitable facilities run as public entities. Those who had committed minor criminal offences, such as shoplifting, would be given non-prison sentences involving counseling and community service. As much as possible, communities would be involved in both setting the penalties and organizing and participating in the treatment. Ironically, this was typically the case in American Indian communities, now so ravaged by the U.S. criminal injustice system | more…
p>Imperialism is not a stage, not even the highest stage, of capitalism: from the beginning, it is inherent in capitalism’s expansion. The imperialist conquest of the planet by the Europeans and their North American children was carried out in two phases and is perhaps entering a third | more…
Recently I collected a number of my prose writings for a forthcoming volume. Rereading them, it struck me that for some readers, the earlier pieces might seem to belong to a bygone era—twenty to thirty years ago. I chose to include them as background, indicating certain directions in my thinking. A burgeoning women’s movement in the 1970s and early 1980s incited and provided the occasions for them, created their ecology. But, as I suggested in “Notes Toward a Politics of Location,” my thinking was unable to fulfill itself within feminism alone | more…
A new surge of corporate concentration is in process in the United States and abroad, driven in large measure by a restruc- turing of global markets through mergers and acquisitions (M&A~). Announced worldwide merger deals reached $3.4 tril- lion in 1999, an amount equivalent to 34 percent of the value of all industrial capital (buildings, plants, machinery and equip- ment) in the United States in 1999. Of this total, nearly a third were cross-border transactions that involved companies based in different countries, up from an average of one-fourth of all mergers during most of the 1990s | more…
It was just over a year ago that we asked John Bellamy Foster and Robert W. McChesney to serve as acting co-editors of Monthly Review, with a view to having four co-editors. Although Foster and McChesney were naturals for undertaking this responsibility—they are longtime MR contributors and MR Press authors—the type of collegiality necessary to make a publication like MR tick is delicate and difficult to predict. We therefore thought it desirable that they be “acting” co-editors, to provide for a trial period. In the past year we have worked together in a truly collective way, published some of our best issues, and circulation has grown at a rapid pace. In addition to political economy and socialist education, John and Bob have opened MR up to new areas where we are now on the cutting edge. John is among the three or four leading environmental sociologists, and Bob holds similar distinction as a media and communications scholar. Moreover, both John and Bob have been active in radical movements for much of the past two decades. There is a lot of ballyhoo nowadays about public intellectuals. In John and Bob we have two of the very best of the breed. To top it off, they are genuinely warm and loving individuals with whom everyone enjoys working. MR’s morale has not been this high in a very long time. We are thus happy to announce that these two younger friends and colleagues are joining us as permanent—no longer “acting”—co-editors of Monthly Review | more…
In the last few years the idea of a “New Economy” has gained wide currency, almost rivaling “globalization” as a neologism that characterizes our era. Thus The Economic Report of the President, 2001, begins: “Over the last 8 years the American economy has transformed itself so radically that many believe we have witnessed the creation of a New Economy.” This New Economy is seen, first and foremost, as consisting of those firms and economic sectors most closely associated with the revolution in digital technology and the growth of the Internet. The rapid convergence of information technologies—including computers, software, satellites, fiber optics, and the Internet—has, it is believed, fundamentally altered the economic landscape. Since the mid-1990s, these revolutionary technological developments have, it is argued, spilled over into the wider economy, generating higher productivity growth, a sustained acceleration of economic growth, lower unemployment, lower inflation, and an attenuation of the business cycle | more…
What can we say about the assertion that there is a “New Economy”? That depends on what we mean by this term. It is nonsense to claim, and few do any more, that the business cycle has been eliminated or that the contradictions of capitalism have been resolved. In 2000 we witnessed a massacre of technology and Internet stocks ending what many considered the country’s biggest financial mania of the past hundred years. The NASDAQ lost over half of its value, a paper loss of 3.33 trillion dollars, the equivalent of a third of the houses in the United States sliding into the ocean, as one Wall Street wag tells us. While only a few months ago, all we heard about was the magic of the market and that crises are the result of bad government policies, whether “crony” capitalism or simply failure to make information available to markets in a full and timely fashion, and that the new information technology now makes markets even more efficient; all of this talk is now shown to be the usual exaggeration we find in the up stage of most long expansions. As in the past it disappears as the economy weakens. Indeed as inventories pile up the nature of capitalism becomes clear to even the financial press and the politicians | more…