In the increasingly universal monopoly-capitalist economy and culture of the late twentieth century, people no longer need what they want or want what they need. Wants are artificially manufactured while the most desperate needs of innumerable individuals remain unfulfilled. Although labor productivity has steadily risen, the overall efficiency and rationality of society has in many […]
Author Archive | John Bellamy Foster
“Liberal Practicality and the U.S. Left,” in Ralph Miliband, Leo Panitch and John Saville, ed., Socialist Register, 1990: The Retreat of the Intellectuals. (London: Merlin Press, 1990), pp. 265-89.
“The Age of Restructuring,” in Arthur MacEwan and William K. Tabb, ed. Instability and Change in the International Economy (New York: Monthly Review Press, 1989), pp. 281-97.
For a majority of mainstream and radical economists, the answer to the question “What is Stagnation”? is fairly simple and straightforward and devoid of any real theoretical significance in and of itself. Either it is seen as a period of longer and deeper than average recessions, or it stands for a long-cycle downturn, which will […]
Harvard-trained economist and co-editor of Monthly Review, Paul Sweezy was among the most influential economists and Marxist intellectuals of the 20th century. His contributions extended over six decades from the early 1930s to the early 1990s. He played a role in the development of imperfect-competition analysis and in debates surrounding the Great Depression. His Theory of Capitalist […]
The words, “On the Waterfront,” for most people carry an air of mystery and suspense, vaguely evoking images of Marlon Brando and the New York harbor of the early 1950’s. But the sense of otherworldliness that clings to the longshore labour process goes far beyond its history of exploitation and violence, and arises instead out […]