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Chart 3. Incremental Output-Capital Ratio (5-Year Trailing Averages), China and the United States, 2000–2005 through 2018–2022

Surplus Absorption, Secular Stagnation, and the Transition to Socialism: Contradictions of the U.S. and the Chinese Economies since 2000

Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China’s future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society. | more…

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Pessimism of the intellect, optimism of the will

Applying/Misapplying Gramsci’s Passive Revolution to Latin America

Steve Ellner deconstructs the argument that Pink Tide governments elected since 2018 are in a state of “passive revolution,” having betrayed their progressive roots through concessions to conservative elements and capital. This analysis, Ellner finds, fails to capture the material impacts of Pink Tide governments, their strategic importance, or their potential to pull societies toward a more radical leftist future. | more…

DPR/MPR building complex in Jakarta

When the Ruling-Class Parties Harden: Indonesia and Great Power Politics in the Indo-Pacific

Iqra Angurah elucidates the strategic role in the Indo-Pacific in the context of the New Cold War and, in particular, the country’s close ties to the forces of multinational capital and Western imperialism. The alignment of the Global North and local elites underscores the need for a popular, socialist, and anti-imperialist movement among the Indonesian working class. | more…

The Melbourne incarnation of the Global Climate Strike

Ecosocialism and Degrowth

Originally published in the German journal Widerspruch, Arman Spéth interviews John Bellamy Foster about the growing interest in degrowth thought and the importance of incorporating democratic planning aimed at true equality into all levels of society. And what of the ecosocialist revolution? “Opportunities,” Foster says, “are everywhere. Obstacles, largely a product of the present system, are also everywhere.… Nothing can or will remain the same. That is the very definition of a revolutionary situation.” | more…

Monument to Karl Marx in front of the Bolshoi Theater in Moscow

Was Karl Marx a Degrowth Communist?

Brian M. Napoletano considers the implications of recent work by Kohei Saito, in which Saito argues that Marx’s thought progressed from early productivism to middle-stage ecosocialism, and finally to degrowth communism. Napoletano concludes, that in arguing for an artificially contrived “epistemological break” between Marx’s supposed early growth-oriented perspective and his later purported “degrowth communism,” Saito fails to recognize Marx’s actual consistent emphasis throughout his work on a dialectically conceived process of sustainable human development, requiring a true social and ecological revolution. | more…

Logo used by Parti Africain de l'Indépendance

The Actuality of Red Africa

What is “Red Africa”? Through an extended treatment of Kevin Ochieng Okoth’s Red Africa: Reclaiming Revolutionary Black Politics (Verso, 2023), Vijay Prashad and Mikaela Nhondo Erskog illuminate the potential for a reinvigorated socialist politics in Africa. In turning away from Afropessimism and Decolonial Studies, the authors catalog the on-the-ground realities at play in pan-African and Marxist social movements today. | more…

Entrance to El Maizal Commune

The Dream of a Thing: Refounding the Economy of a Venezuelan Commune

In a vividly drawn account of El Maizal Commune, Chris Gilbert provides readers with a window into the inner workings of a community being refounded with an eye toward building a new “alternative communal economy.” The task, Gilbert finds, is one that is not only revolutionary, but liberating and creative, having the potential to collectively reimagine the social relations of a community. | more…

Albert Einstein (1959), charcoal and watercolor drawing by Alexander Dobkin

Einstein’s “Why Socialism?” and ‘Monthly Review’: A Historical Introduction

For our seventy-fifth anniversary issue, John Bellamy Foster revisits the legacy of Albert Einstein and his deep connections to Monthly Review, including his authorship of the article “Why Socialism?,” published in our first-ever issue in May 1949. Through historical documents and the famed physicist’s own words, Foster rediscovers Einstein’s commitment to socialism in both word and deed, and his collegial ties to MR‘s founding editors. | more…

Monthly Review Volume 52, Number 4 (September 2000) [PDF]

Socialism—A Time to Retreat? The Perspective of ‘Monthly Review’ at the Opening of the Twenty-First Century

In this reprise from September 2000, Harry Magdoff, John Bellamy Foster, and Robert W. McChesney look forward to the future of Monthly Review in the twenty-first century: “Despite mistakes, setbacks, and recognition that the road is long and arduous, we must not waver as we continue to study, educate, and be missionaries for the transcendence of the social system of capitalism and the development…of a society of equals.” | more…

The Knowledge Economy and Socialism: Science and Society in Cuba

Named one of “five of the best science picks” on Nature

“Cuba’s future must, by necessity, be a future of scientists,” Fidel Castro proclaimed in 1960. As Agustín Lage Dávila shows in this pathbreaking book, Cuba has in fact become a global leader in both the generation and application of scientific knowledge—as demonstrated by its ubiquitous production of socially useful products, from vaccines and medicines, to organic food. Speaking from his position as a noted Cuban immunologist, Dr. Lage shows how Cuba achieved such prominence, positing that the training of its scientists, their scientific practices, and their relationships with the Cuban people are

Logo of the Union of Agricultural Workers of Korea

Industrial Agriculture: Lessons from North Korea

According to most Western commentators, North Korea is an “enigma” plagued by “irrational” leadership, poverty, and pervasive food shortages. Zhun Xu charts the evolution of North Korean industrial agriculture and the country’s efforts to feed its population from the Soviet era up until today. What, Xu asks, can we learn from the country’s efforts to industrialize its agricultural sector, and what do they tell us about the future of agriculture under socialism? | more…

Notes by Marx on Italian grammar

Marx and Engels as Polyglots

Drawing on writings, historical accounts, and personal letters, Kaan Kangal surveys the considerable extent of Marx and Engels’s interest in language and capabilities as polyglots. This interest, he argues, was part and parcel of their political commitment to building worldwide socialism. | more…