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The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in 2009, hopes for a new phase of economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement,
The 1959 Cuban Revolution remains one of the signal events of modern political history. A tiny island, once a de facto colony of the United States, declared its independence, not just from the imperial behemoth ninety miles to the north, but also from global capitalism itself.
A straightforward discussion of the issues surrounding immigration
According to renowned Marxist economist Samir Amin, the recent Arab Spring uprisings comprise an integral part of a massive "second awakening" of the Global South. From the self-immolation in December 2010 of a Tunisian street vendor, to the consequent outcries in Cairo's Tahrir Square
Out of early twentieth-century Russia came the world's first significant effort to build a modern revolutionary society. According to Marxist economist Samir Amin, the great upheaval that once produced the Soviet Union has also produced a movement away from capitalism - a long transition that continues even today.
Studs Terkel was an American icon who had no use for America's cult of celebrity. He was a leftist who valued human beings over political dogma. In scores of books and thousands of radio and television broadcasts, Studs paid attention - and respect - to "ordinary" human beings of all classes and colours
In 2012, President Obama announced that the United States would spend the next thirteen years - through November 11, 2025 - commemorating the 50th Anniversary of the Vietnam War, and the American soldiers, "more than 58,000 patriots," who died in Vietnam. The fact that at least 2.1 million Vietnamese
In the United States today, the term "terrorism" conjures up images of dangerous, outside threats: religious extremists and suicide bombers in particular.
The Council on Foreign Relations is the most influential foreign-policy think tank in the United States, claiming among its members a high percentage of government officials, media figures, and establishment elite. For decades it kept a low profile even while it shaped policy, advised presidents, and helped shore up U.S. hegemony following
In a little more than a decade, economist Michael A. Lebowitz has written several major works about the transition from socialism to capitalism: Beyond Capital (winner of the Deutscher Prize), Build It Now, The Socialist Alternative, and The Contradictions of "Real Socialism." Here, he develops and deepens the analysis contained in those pathbreaki
In 1966, Paul Baran and Paul Sweezy published Monopoly Capital,a monumental work of economic theory and social criticismthat sought to reveal the basic nature of the capitalism of theirtime. Their theory, and its continuing elaboration by Sweezy, HarryMagdoff, and others in Monthly Review magazine, infl uenced generationsof radical and heterodox economists. They recognizedthat Marx's work was unfi nished and itself historically conditioned,and that any attempt to understand capitalism as an evolvingphenomenon needed to take changing conditions into account.Having observed the rise of giant monopolistic (or oligopolistic)fi rms in the twentieth century, they put monopoly capital at thecenter of their analysis, arguing that the rising surplus such fi rmsaccumulated—as a result of their pricing power, massive salesefforts, and other factors—could not be profi tably invested backinto the economy. Absent any "epoch making innovations” like theautomobile or vast new increases in military spending, the resultwas a general trend toward economic stagnation—a condition thatpersists, and is increasingly apparent, to this day. Their analysiswas also extended to issues of imperialism, or "accumulation ona world scale,” overlapping with the path-breaking work of SamirAmin in particular.John Bellamy Foster is a leading exponent of this theoretical perspectivetoday, continuing in the tradition of Baran and Sweezy'sMonopoly Capital. This new edition of his essential work, TheTheory of Monopoly Capitalism, is a clear and accessible explicationof this outlook, brought up to the present, and incorporatingan analysis of recently discovered "lost” chapters from MonopolyCapital and correspondence between Baran and Sweezy. It alsodiscusses Magdoff and Sweezy's analysis of the fi nancializationof the economy in the 1970s, '80s, and '90s, leading up to theGreat Financial Crisis of the opening decade of this century. Fosterpresents and develops the main arguments of monopoly capitaltheory, examining its key exponents, and addressing its critics in away that is thoughtful but rigorous, suspicious of dogma but adamantthat the deep-seated problems of today's monopoly-fi nancecapitalism can only truly be solved in the process of overcomingthe system itself.
Acts of violence assume many forms: they may travel by the arc of a guided missile or in the language of an economic policy, and they may leave behind a smouldering village or a starved child. The all pervasiveness of violence makes it seem like an unavoidable, and ultimately incomprehensible, aspect of the modern world. But, in this detailed an
In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx's theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx's conclusions continues to this day.Amin defends Marx's theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx's abstract concepts—such as "socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of "monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx's theory and applies it to capitalism's current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.
Thanks to breakthroughs in production and food science, agribusiness has been able to devise new ways to grow more food and get it more places more quickly. There is no shortage of news items on hundreds of thousands of hybrid poultry - each animal genetically identical to the next - packed together in megabarns
Istvan Meszaros is a world-renowned philosopher and critic. He left his native Hungary after the Soviet invasion of 1956. He is professor emeritus at the University of Sussex, where he held the chair of philosophy for fifteen years. Among his many books are Social Structure and Forms of Consciousness Volumes I and II, The Work of Sartre, The Struct
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