Humanity today is confronted with what might be called the Great Capitalist Climacteric. In the standard definition, a climacteric (from the Greek klimaktēr or rung on the ladder) is a period of critical transition or a turning point in the life of an individual or a whole society. From a social standpoint, it raises issues of historical transformation in the face of changing conditions.
Author: John Bellamy Foster
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The Power of Inaction – A Review
Review of Cornelia Woll, ‘The Power of Inaction‘, [PDF], American Journal of Sociology, vol. 121, no. 1 (July, 2015): 313-15.
The great financial crisis of 2007–9 has given rise to a small industry of academic studies, some directed at the wider systemic tendencies of capital, class and crisis, others at narrower regulatory or managerial issues. Cornelia Woll’s ‘The Power of Inaction,’ is a work of the latter kind. It is a study of the state-finance nexus viewed through the lens of paired comparisons of bank bailouts in six countries: (1) the United States and the United Kingdom (the Anglo-American model), (2) Germany and France (large, regulated Eurozone economies), and (3) Denmark and Ireland (smaller European economies).
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“Foreword” to István Mészáros, The Necessity of Social Control
“Foreword” to István Mészáros, The Necessity of Social Control (New York: Monthly Review Press, forthcoming December 2014), 15 pp.
Reprinted as “Mészáros and the Critique of the Capital System,” Monthly Review 66, no. 7: 1-15.
István Mészáros is one of the greatest philosophers that the historical materialist tradition has yet produced. His work stands practically alone today in the depth of its analysis of Marx’s theory of alienation, the structural crisis of capital, the demise of Soviet-style post-revolutionary societies, and the necessary conditions of the transition to socialism. His dialectical inquiry into social structure and forms of consciousness—a systematic critique of the prevailing forms of thought—is unequaled in our time. No less a historical figure than Hugo Chávez referred to him as the “pathfinder” of twenty-first century socialism.… The role of this foreword is to help to put his system of thought as a whole, and this book in particular, in their historical contexts, while illuminating some of the distinctive concepts governing his analysis.
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Mathusianism
“Mathusianism” in Historisch-Kritisches Wörterbuch Des Marximus, 7/II ((Berlin: Argument-Verlag, forthcoming 2015). 3500 words.