With the benefit of hindsight, few now doubt that the housing bubble that induced most of the recent growth of the U.S. economy was bound to burst or that a general financial crisis and a global economic slowdown were to be the unavoidable results. Warning signs were evident for years to all of those not […]
Archive | Other Major Scholarly Journal Articles
Journal Articles (Other Major Scholarly)
Rachel Carson’s Ecological Critique
By John Bellamy Foster on February 1, 2008 in Articles, Other Major Scholarly Journal Articles, Translated
Rachel Carson was born just over 100 years ago in 1907. Her most famous book Silent Spring, published in 1962, is often seen as marking the birth of the modern environmental movement. Although an immense amount has been written about Carson and her work, the fact that she was objectively a “woman of the left” […]
A New Stage in Capitalism’s War on the Planet
By John Bellamy Foster on November 1, 2007 in Articles, Introductions, Other Major Scholarly Journal Articles
The introduction to this book, the last part to be completed, was sent to the printer in New York City only days before the attacks on the World Trade Center on September 11, 2001, and was first published in October 2001 in Monthly Review. Since then the world has witnessed a continuing war by the […]
The Latin American Revolt
By John Bellamy Foster on July 1, 2007 in Articles, Other Major Scholarly Journal Articles, Translated
The revolt against U.S. hegemony in Latin America in the opening years of the twenty-first century constitutes nothing less than a new historical moment. Latin America, to quote Noam Chomsky, is “reasserting its independence” in an attempt to free itself from centuries of imperialist domination. The gravity of this threat to U.S. power is increasingly […]
The Imperialist World System
By John Bellamy Foster on May 1, 2007 in Articles, Other Major Scholarly Journal Articles, Translated
The concept of the imperialist world system in today predominant sense of the extreme economic exploitation of periphery by center, creating a widening gap between rich and poor countries, was largely absent from the classical Marxist critique of capitalism. Rather this view had its genesis in the 1950s, especially with the publication fifty years ago […]
The Financialization of Capitalism
By John Bellamy Foster on April 1, 2007 in Articles, Other Major Scholarly Journal Articles, Translated
Changes in capitalism over the last three decades have been commonly characterized using a trio of terms: neoliberalism, globalization, and financialization. Although a lot has been written on the first two of these, much less attention has been given to the third. Yet, financialization is now increasingly seen as the dominant force in this triad. […]
The Ecology of Destruction
By John Bellamy Foster on February 1, 2007 in Articles, Other Major Scholarly Journal Articles, Translated
I would like to begin my analysis of what I am calling here “the ecology of destruction” by referring to Gillo Pontecorvo’s 1969 film Burn!. Pontecorvo’s epic film can be seen as a political and ecological allegory intended for our time. It is set in the early nineteenth century on an imaginary Caribbean island called […]
‘No Radical Change in the Model’
By John Bellamy Foster on February 1, 2007 in Articles, Other Major Scholarly Journal Articles, Short Articles
In the 2006 presidential election campaign in Brazil, President Luiz Inácio Lula da Silva (known as Lula), leader of the Partido dos Trabalhadores (PT or Workers’ Party), was interviewed at length on July 11, 2006, by the Financial Times (which also interviewed Lula’s main rightist challenger Geraldo Alckmin). The interview touched on many topics but […]
Monopoly-Finance Capital
By John Bellamy Foster on December 1, 2006 in Articles, Other Major Scholarly Journal Articles, Translated
The year now ending marks the fortieth anniversary of Paul Baran and Paul Sweezy’s classic work, Monopoly Capital: An Essay on the American Economic and Social Order (Monthly Review Press, 1966). Compared to mainstream economic works of the early to mid-1960s (the most popular and influential of which were John Kenneth Galbraith’s New Industrial State […]
The Optimism of the Heart
By John Bellamy Foster on October 1, 2006 in Articles, Other Major Scholarly Journal Articles, Translated
The following intellectual biography of Harry Magdoff is a slightly revised and expanded version of a piece that was posted on MRzine a few days after Harry’s death on January 1, 2006. It evolved out of an earlier biography I wrote for the Biographical Dictionary of Dissenting Economists in 2000. Since the aim of this […]
