Humanity in the twenty-first century is facing what might be described as its ultimate environmental catastrophe: the destruction of the climate that has nurtured human civilization and with it the basis of life on earth as we know it. All ecosystems on the planet are now in decline. Enormous rifts have been driven through the […]
Archive | Translated
The Financialization of Accumulation
By John Bellamy Foster on October 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
In 1997, in his last published article, Paul Sweezy referred to “the financialization of the capital accumulation process” as one of the three main economic tendencies at the turn of the century (the other two were the growth of monopoly power and stagnation). Those familiar with economic theory will realize that the phrase was meant […]
The Ecology of Consumption
By John Bellamy Foster on September 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
Environmentalists, especially in wealthy countries, have often approached the question of environmental sustainability by stressing population and technology, while deemphasizing the middle term in the well-known IPAT (environmental Impact = Population x Affluence x Technology) formula. The reasons for this are not difficult to see. Within capitalist society, there has always been a tendency to […]
The Dialectic of Social and Ecological Metabolism
One of the most remarkable aspects of Marxist scholarship in recent decades has been the recovery and development of Marx’s argument on social and ecological metabolism, which was crucial to his metabolic terms. As he wrote in Capital: “Labour is … a process between man and nature, a process by which man … mediates, regulates […]
The Financial Power Elite
By John Bellamy Foster on May 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
Has the power of financial interests in U.S. society increased? Has Wall Street’s growing clout affected the U.S. state itself? How is this connected to the present crisis? We will argue that the financialization of U.S. capitalism over the last four decades has been accompanied by a dramatic and probably long-lasting shift in the location […]
Marx’s Ecology in the 21st Century
The most pressing problem confronting humanity in the 21st century is the ecological crisis. The “problem of nature” is really a problem of capital, as natural cycles are turned into broken linear processes geared to private accumulation. Important advances in ecosocialist theory illuminate the continuing importance of marx’s materialist and metabolic approach for studying the […]
What Every Environmentalist Needs to Know About Capitalism
By John Bellamy Foster on March 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
For those concerned with the fate of the earth, the time has come to face facts: not simply the dire reality of climate change but also the pressing need for social-system change. The failure to arrive at a world climate agreement in Copenhagen in December 2009 was not simply an abdication of world leadership, as […]
The Age of Monopoly-Finance Capital
By John Bellamy Foster on February 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
Three years ago, in December 2006, I wrote an article for Monthly Review entitled “Monopoly-Finance Capital.” The occasion was the anniversary of Paul Baran and Paul Sweezy’s Monopoly Capital, published four decades earlier in 1966.…The article…[discussed] “the dual reality” of stagnant growth (or stagnation) and financialization, characterizing the advanced economies in this phase of capitalism. […]
Why Ecological Revolution?
By John Bellamy Foster on January 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
It is now universally recognized within science that humanity is confronting the prospect—if we do not soon change course—of a planetary ecological collapse. Not only is the global ecological crisis becoming more and more severe, with the time in which to address it fast running out, but the dominant environmental strategies are also forms of […]
The Paradox of Wealth
By John Bellamy Foster on November 1, 2009 in Articles, Other Major Scholarly Journal Articles, Translated
Today orthodox economics is reputedly being harnessed to an entirely new end: saving the planet from the ecological destruction wrought by capitalist expansion. It promises to accomplish this through the further expansion of capitalism itself, cleared of its excesses and excrescences. A growing army of self-styled “sustainable developers” argues that there is no contradiction between […]
