The bursting of the housing bubble and the ensuing financial debacle have left most people, including many economists and financial experts asking: Why did this happen? If they had been reading Monthly Review, and were familiar with such articles as “The Household Debt Bubble,” “The Explosion of Debt and Speculation,” and “The Financialization of Capitalism,” […]
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Naked Imperialism
During the Cold War years, mainstream commentators were quick to dismiss the idea that the United States was an imperialist power. Even when U.S. interventions led to the overthrow of popular governments, as in Iran, Guatemala, or the Congo, or wholesale war, as in Vietnam, this fiction remained intact. During the 1990s and especially since […]
Marx’s Ecology
Progress requires the conquest of nature. Or does it? This new account overturns conventional interpretations of Marx and in the process outlines a more rational approach to the current environmental crisis. Marx, it is often assumed, cared only about industrial growth and the development of economic forces. John Bellamy Foster examines Marx’s neglected writings on […]
Capitalism in the Information Age
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 […]
In Defense of History
Are we now in an age of “postmodernity”? Even as some on the right have proclaimed the “end of history” or the final triumph of capitalism, we are told by some left intellectuals that the “modern” epoch has ended, that the “Enlightenment project” is dead, that all the old verities and ideologies have lost their […]
