“The Financialization of the Capitalist Class: Monopoly-Finance Capital and the New Contradictory Relations of Ruling Class Power,” in Henry Veltmeyer, ed., Imperialism, Crisis and Class Struggle: The Enduring Verities and Contemporary Face of Capitalism—Essays in Honour of James Petras (London: Brill, 2010), pp. 163-73.
Category: Book Chapters
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Paul Sweezy and Monopoly Capitalism
”Paul Sweezy and Monopoly Capitalism,” in Doug Dowd, ed., Understanding Capitalism: Critical Analysis from Karl Marx to Amartya Sen (London: Pluto Press, 2002), pp. 132-50.
Translations:
- Spanish translation in Doug Dowd, ed., Entender el capitalismo Hacienda, 2006.
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The Ecological Tyranny of the Bottom Line
“The Ecological Tyranny of the Bottom Line: The Environmental and Social Consequences of Economic Reductionism,” Richard Hofrichter, ed, Reclaiming the Environmental Debate; The Politics of Health in a Toxic Culture (Cambridge, MA: MIT Press, 2000), pp. 135-53.
In recent decades environmentalists have directed a persistent ecological critique at economics, contending that economics has failed to value the natural world. Lately economists have begun to respond to this critique, and a rapidly growing sub discipline of environmental economics has emerged that is dedicated to placing economic values on nature and integrating the environment more fully into the market system. However, the question arises: Is the cure more dangerous than the disease? Does the attempt to internalize the natural environment within the capitalist market system-without a radical transformation of the latter-lead to a new empire of the economy over ecology, a sort of neocolonialism where the old colonialism is no longer seen as sufficient? And what are the ultimate consequences of this?
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The Communist Manifesto and the Environment
”The Communist Manifesto and the Environment,” in Leo Panitch and Colin Leys, ed., The Socialist Register, 1998 (London: Merlin Press), pp. 169-89.
Most of the debate about Marx’s relation to environmental thought has focused on the early philosophical critique of capitalism in his Economic and Philosophic Manuscripts of 1844 and on his later economic critique embodied in Capital in the 1860s – since in both of these works he had a great deal to say about human interactions with nature. Nevertheless, the Communist Manifesto has often been invoked as presenting a view that was anti-ecological – some would say the very definition of anti-ecological modernism.
Reprints:
- Reprinted in Dave Holmes, Terry Townsend, and John Bellamy Foster, Change the System, Not the Planet (pamphlet), Chippendale, Australia: Resistance Books, 2007, 27-43.