The fortieth anniversary of Harry Braverman’s Labor and Monopoly Capital is the occasion here for a reassessment of his work as a whole. Braverman’s analysis of the degradation of work is shown to have been only a part of a much larger argument he was developing on the structure of the U.S. working class. Building on his […]
Tag Archives | Italian
The Global Stagnation and China
By John Bellamy Foster on February 1, 2012 in Articles, Other Major Scholarly Journal Articles, Translated
Five years after the Great Financial Crisis of 2007–09 began there is still no sign of a full recovery of the world economy. Consequently, concern has increasingly shifted from financial crisis and recession to slow growth or stagnation, causing some to dub the current era the Great Stagnation. Stagnation and financial crisis are now seen […]
Capitalism and Degrowth
By John Bellamy Foster on January 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
[A]lmost four decades after the Club of Rome raised the issue of “the limits to growth,” the economic growth idol of modern society is once again facing a formidable challenge. What is known as “degrowth economics,” associated with the work of Serge Latouche in particular, emerged as a major European intellectual movement in 2008 with […]
The Great Financial Crisis—Three Years On
By John Bellamy Foster on October 1, 2010 in Comments-Short Articles-Introductions to Archival Reprints
The Great Financial Crisis began in the summer of 2007 and three years later, despite a putative “recovery,” it is still having profound effects in the United States, Europe, and in much of the world.
Financial Implosion and Stagnation
By John Bellamy Foster on December 1, 2008 in Articles, Other Major Scholarly Journal Articles, Translated
“The first rule of central banking,” economist James K. Galbraith wrote recently, is that “when the ship starts to sink, central bankers must bail like hell.” In response to a financial crisis of a magnitude not seen since the Great Depression, the Federal Reserve and other central banks, backed by their treasury departments, have been […]
A Warning to Africa
By John Bellamy Foster on June 1, 2006 in Articles, Other Major Scholarly Journal Articles, Translated
Imperialism is constant for capitalism. But it passes through various phases as the system evolves. At present the world is experiencing a new age of imperialism marked by a U.S. grand strategy of global domination. One indication of how things have changed is that the U.S. military is now truly global in its operations with […]
The Great Financial Crisis
By John Bellamy Foster on October 1, 2005 in Articles, Other Major Scholarly Journal Articles, Translated
The Great Financial Crisis began in the summer of 2007 and three years later, despite a putative “recovery,” it is still having profound effects in the United States, Europe, and in much of the world. Austerity is being forced on working people in many countries. Matters are especially difficult in Greece, a country that is […]
The Limits of Environmentalism Without Class: Lessons from the Ancient Forest Crisis of the Pacific Northwest
Many prominent environmentalists today have adopted a political stance that sets them and the movement that they profess to represent above and beyond the class struggle. For example, Jonathon Porritt, the British Green leader, has declared that the rise of the German Greens marks the demise of “the redundant polemic of class warfare and the […]
The Absolute General Law of Environmental Degradation Under Capitalism
James O’Connor has asked us to consider the relationship between what he has termed the “first and second contradictions” of capitalism. I would like to refer to the first contradiction, following Marx, as ‘the absolute cereal law of capitalist accumulation.” The second contradiction may then be designated as “the absolute general law of environmental degradation […]
