Category: Political Economy
review

Marxist Political Economy in a Contemporary Vein

The continuing world recession that has now dragged on since late 2007, with no sign of abating, has renewed interest in Marx’s critique of capitalism. So much so that even respectably “mainstream” TIME.com now writes:

"Karl Marx was supposed to be dead and buried. With the collapse of the Soviet Union and China’s Great Leap Forward into capitalism, communism faded into the quaint backdrop of James Bond movies or the deviant mantra of Kim Jong Un….

Political Economy of the Environment

Call for Workshop Presentations

A Conference of the Union for Radical Political Economics

Co-sponsored by New Politics

St.

Collective Homeownership

As the housing crisis plows through our neighborhoods, it leaves behind the same bleak scenes. The former owner separated from her home, her neighbors, her children’s schools, and possibly her children themselves ― a tragedy anonymous to millions of analogous others across the country. Neighbors staring down the dead, wall-eyed windows of the vacant homes on their block and seeing the promise of rising crime and falling attendance at block parties.

South Africa: The Marikana Massacre and the New Wave of Workers’ Struggle

An Interview with Mazibuko Jara of the South African Democratic Left Front

I’m here with Mazibuko Jara. Mazibuko is from the Democratic Left Front of South Africa. He was spokesperson for the South African Communist Party and the deputy secretary for the Young Communist League, back a decade and more ago. He is one of the co-founders of Amandla magazine and the Democratic Left Front, and they’ve been extremely active in the support for the Marikana miners and for South African farmworkers, and elsewhere. We’ll talk about this and more in this interview. Today is Sunday, Dec 2, 2012.

Long Live the Tyrant!

The Myth of Benign Sanctions

They aim to bring recalcitrant tyrants to their senses, to put an end to their external as well as internal malefaction. With surgical precision, they pull the noose ever closer around the tyrant’s neck, so that in hopeless despair he is compelled to behave reasonably in foreign affairs while, enfeebled, he lifts his bloodied hands from the throat of the oppressed people. It is a morally justified decapitation of evil, the salutary removal of a swelling tumor.

Human Rights and the POSCO Struggle

     One of the most inspiring examples of people fighting back against the predations of international capital is taking place in the Jagatsinghpur district of the Indian state of Orissa (also spelled Odisha).

One response to austerity

The Austerity Allstars explain their political program.

May it catch on widely!

Economic Recovery from Below: Notes on the Insufficiency of "Taxing the Rich"

ImageTaxing the rich has a venerable tradition on the left. It is, after all, one of Marx and Engels’ ten transitional demands in the Communist Manifesto, later to be declared antiquated in their 1872 preface to the document.

Of the People, By the People

Robin Hahnel's Of the People, By the People: The case for a participatory economy (Soapbox Press, 2012, distributed by AK press, www.akpress.org) is the latest and most accessible presentation of his argument that a new economy—based on equality, participation, solidarity, and self-management—is both desirable and possible. Originally formulated by Hahnel and Michael Albert more than two decades ago, the model has been continually refined and improved, addressing problems raised by critics.

The Netherlands: Neoliberal Dreams in Times of Austerity

Describing Dutch society and politics in 2012, sociologist Willem Schinkel used the metaphor of a museum.[1] Conservative and turned inward, Dutch society is afraid of change, fixated on something called "Dutch values." One expression of this is the right-wing, nationalist populism that since a decade stood in the center of Dutch politics and public debate. Social-economic policies were guided by an unquestioned acceptance of neoliberal principles. The elections of 2012 seemed a chance to break with this pattern.

The State of Anti-Austerity Struggles in Greece

ImageIn recent years Greece has come to exemplify the attempt of capitalist elites to respond to the global capitalist crisis through an attack on the rights and living standards of workers and ordinary citizens around the world.

Europe at a Dark Crossroads: Letter from France

ImageWhen New Politics asked me this July to write a piece about France under the new Socialist government, I excitedly drove out to Serviers-et-La Baume — my Provençal sweetheart Elyane’s little village located in the heart of la France profonde — to interview her rural neighbor Robert about this big change (and sip some of his home-made plum brandy).

We Stand with the Greek People Fighting Austerity, For Their Sake and Ours

ImageSEPTEMBER 2012—What is happening today in Greece is only the most extreme example of a global phenomenon: the world’s political and economic elites, who are responsible for the current economic crisis, want to make the rest of us pay for that crisis, no matter how much suffering this creates.

Scrooge Accepts Nobel Peace Prize

     Brussels, Chrismas Eve, 2012. (From our Special Correspondent). Reactions were sharply divided here in Euroland to Stockholm's award of the 2012 Nobel Peace Prize to the European Union (EU) in recognition of its efforts to promote the moral values of fiscal discipline and responsibility through the Euro.

China: From Bureaucratic Communism to Bureaucratic Capitalism

     The election last week of Xi Jinping to the chairmanship of the Chinese Communist Party (CCP), together with six others who with Xi constitute the Standing Committee of the Political Bureau of the party, represents entrenchment of what the Chinese Marxist intellectual Au Loong Yu has called “bureaucratic capitalism.”[1] The bureaucratic capitalists, many of them princelings, that is, sons of the founders of China’s Communist government, have through their control of the state and crony state-corporation relationships come to dominate the heart

Quantitative Easing 3

     Fed chairman Ben Bernanke announced yesterday that the Fed would buy mortgage-backed bonds at a rate of $40 billion a month until the employment picture improves and will leave effective interest rates near zero through 2015.

The Greek Grassroots Challenge to the Politics of Austerity

Harrison and Landy recently returned from a trip to Greece, where they met with activists and others to gain a better understanding of the popular upsurge against the Greek government’s austerity program.

Ireland: Still Up Recession Creek Without a Paddle

On December 6th 1921 the Anglo-Irish treaty was signed. It was an agreement between Britain and Ireland to end the Irish war of independence and create peace on the war ravaged island of Ireland, but the main clause of the treaty was that six counties of the north of Ireland would remain under British rule while the remaining twenty-six counties could enjoy limited freedom as a self governing dominion of the British empire.

Overlooking Outsourcing

         I have read many analyses of the failure to recall Gov. Walker in Wisconsin, and I am astonished that not one even mentions American industries either outsourcing or just folding their tents because they are unable to compete with foreign companies. Steel is an example of the latter: many steel workers now work as greeters at Walmart.

         Surely this is an important cause of labor’s sad decline. Industrial capitalism has given way to finance capitalism, as everyone knows.

"Right-to-Work," Organized Labor, and "The Proletariat as a Whole"

     On January 31, 2012, the Republican majorities in both the Indiana Senate and House passed "right-to-work" legislation, riding roughshod over both the Democratic minority and tens of thousands mobilized workers and their allies. Indiana thus became the first new "right-to-work" state since Oklahoma, which became one in 2002—and a possible harbinger of more defeats for organized labor to come.

Cuba, Socialism and Democracy

     In January 2011, members of the Participatory and Democratic Socialism Movement proposed that the Cuban Communist Party adopt its "Proposals for the Advance of Socialism in Cuba." ("Socialism and the 'Citizens' Demand for Another Cuba," Pedro Campos, Havana Times, June 24, 2012)* These socialist critics of the Cuban regime offered a program of radical democratic proposals including full freedom of speech and press, freedom of association (including partie

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