Political Economy
Not a day goes by that we don’t see a news clip, hear a radio report, or read an article heralding the miraculous new technologies of the information age. The communication revolution associated with these technologies is often heralded as the key to a new age of “globalization.” How is all of this reshaping the labor force, transforming communications, changing the potential for democracy, and altering the course of history itself? Capitalism and the Information Age presents a rigorous examination of some of the most crucial problems and possibilities of these novel technologies. | more…
The announced subject of this conference is “New Trends in Turkey and the World.” I shall not try to say anything about new trends in Turkey, partly because of my ignorance but more importantly because Turkey is very much part of the world, and in this period the mother of all new trends is global in nature. To understand what is happening in any part of the world, one must start from what is happening in the whole world. Never has Hegel’s dictum “The Truth is in the Whole” been as true and relevant as it is today. | more…
In my opinion, American capitalism no longer has any use for, let’s say, 40 percent of the population. These are the descendants of folks who were brought over here in one way or another during the period of capital accumulation. They’re now superfluous human beings. | more…
Samir Amin, one of the most influential economists today, has produced another groundbreaking work. Spectres of Capitalism cuts through the current intellectual fashions that assume a global capitalist triumph, taking the occasion of the 150th anniversary of Marx and Engels’s classic tract, the Communist Manifesto, to focus upon the aspirations of the destitute millions of the post-Cold War era. | more…
Over the last few years, I have asked hundreds of college students, “When was the country we now know as the United States first settled?” | more…
After years of pro–market reforms, China faces a fundamental choice. Will it move toward private capitalism, or toward a renewal of the collective and socialist basis of its revolution? Red Cat, White Cat begins by examining the tensions growing within “market socialism.” Weil provides background on marketization, the class forces that produced it, and the polarization and social dislocation that it is generating. | more…
With unemployment surging to record levels and the economy in freefall, experts are looking to the Great Depression for lessons in stimulating job creation. Then, as now, the system was unable to provide the jobs and financial support desperately needed by millions of people. But then—in the 1930s—the state intervened to create massive employment programs that put people to work on socially useful projects in states, cities, and towns across the country. The scope of these programs was unprecedented and never repeated in the decades that followed. Today, as the severity of the economic crisis increasingly resembles that of the Great Depression, the time for a reappraisal of the New Deal employment programs has never been more necessary. | more…
Millions unemployed… fewer people working harder for less pay and shrinking benefits… the assets of the wealthiest one percent of the population growing as the population below the poverty line swells… the next generation facing an even more bitter future… Why? Most working people cannot answer this question. In this user-friendly book, Michael Yates explains how employment and unemployment are inextricably connected in an economic system where employers are driven by the search for profits. | more…
After thirty years of rapid economic growth, South Korea is widely promoted as demonstrating the superiority of free market capitalism. Along with Taiwan, Singapore, and Hong Kong, it is considered a great success story and model for third world development. | more…
This sequel to the author’s best-selling Columbus: His Enterprise provides, in ten short chapters, a brilliant account of the ongoing war waged by Europeans against the native peoples of the Americas in the five centuries after Columbus arrived. Ranging from the Spanish conquest to the colonization of North America, from the seizure of land from the native inhabitants to present-day military interventions, Koning’s provocative and readable history provides students with a different perspective on U.S. history and a framework for understanding U.S. policy toward indigenous and foreign peoples. | more…
This pathbreaking collection of essays recasts the prevailing conceptions of the historical roots and role of the U.S. Communist Party and its social setting. The contributors focus on the movement that formed around the party and the popular culture it expressed, particularly in the period from 1930 to 1960. They look at the impact of the part and its followers in the areas of education, literature, and the arts, in the African-American community, and on the women’s and labor movements. | more…
Most of us have been taught to think of Christopher Columbus as a single-minded, courageous visionary whose navigational skills led him to “discover” the Americas. In this beautifully written revisionist biography, accessible to people of all ages, Hans Koning gives us the true history of Columbus’ life and voyages. | more…