On December 12, 1991, Lawrence Summers, chief economist of the World Bank, sent a memorandum to some of his colleagues presenting views on the environment that are doubtless widespread among orthodox economists, reflecting as they do the logic of capital accumulation, but which are seldom offered up for public scrutiny, and then almost never by […]
Archive | Translated
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 […]
Capitalism and the Ancient Forest
The battle for the old growth forest of the Pacific Northwest, which gained widespread national attention with the designation of the northern spotted owl as a threatened species in June 1990, can be thought of as a complex set of social and ecological problems traceable to a single cause: the continuing failure on the part […]
The Vulnerable Planet
In this clearly written and accessible book, John Bellamy Foster grounds his discussion of the global environmental crisis in the inherently destructive nature of our world economic system. Rejecting both individualistic solutions and policies that tinker at the margins, Foster calls for a fundamental reorganization of production on a social basis so as to make […]
The Fetish of Fordism
It may seem strange that Henry Ford, an automobile manufacturer during the early decades of the twentieth century who died in 1947, should suddenly become a major source of contention among those interested in analyzing the contemporary crisis of the U.S. economy. The last few years, however, have seen a vast expansion of the Ford […]
