It is an inescapable truth of the capitalist economy that the uneven, class-based distribution of income is a determining factor of consumption and investment. How much is spent on consumption goods depends on the income of the working class. Workers necessarily spend all or almost all of their income on consumption. Thus for households in […]
Archive | Translated
Metabolism, Energy, and Entropy in Marx’s Critique of Political Economy: Beyond the Podolinsky Myth
Until recently, most commentators, including ecological Marxists, have assumed that Marx’s historical materialism was only marginally ecologically sensitive at best, or even that it was explicitly anti-ecological. However, research over the last decade has demonstrated not only that Marx deemed ecological materialism essential to the critique of political economy and to investigations into socialism, but […]
The New Geopolitics of Empire
By John Bellamy Foster on January 1, 2006 in Articles, Other Major Scholarly Journal Articles, Translated
Today’s imperial ideology proclaims that the United States is the new city on the hill, the capital of an empire dominating the globe. Yet the U.S. global empire, we are nonetheless told, is not an empire of capital; it has nothing to do with economic imperialism as classically defined by Marxists and others. The question […]
Organizing Ecological Revolution
By John Bellamy Foster on October 1, 2005 in Articles, Other Major Scholarly Journal Articles, Translated
My subject—organizing ecological revolution—has as its initial premise that we are in the midst of a global environmental crisis of such enormity that the web of life of the entire planet is threatened and with it the future of civilization.
The Great Financial Crisis
By John Bellamy Foster on October 1, 2005 in Articles, Other Major Scholarly Journal Articles, Translated
The Great Financial Crisis began in the summer of 2007 and three years later, despite a putative “recovery,” it is still having profound effects in the United States, Europe, and in much of the world. Austerity is being forced on working people in many countries. Matters are especially difficult in Greece, a country that is […]
Naked Imperialism
By John Bellamy Foster on September 5, 2005 in Articles, Other Major Scholarly Journal Articles, Translated
The global actions of the United States since September 11, 2001, are often seen as constituting a “new militarism” and a “new imperialism.” Yet, neither militarism nor imperialism is new to the United States, which has been an expansionist power—continental, hemispheric, and global—since its inception. What has changed is the nakedness with which this is […]
The Renewing of Socialism
Articles in Monthly Review often end by invoking the socialist alternative to capitalism. Readers in recent years have frequently asked us what this means. Didn’t socialism die in the twentieth century? Wasn’t it defeated by capitalism? More practically: if socialism is still being advocated what kind of socialism is it? Are we being utopian in […]
The End of Rational Capitalism
By John Bellamy Foster on March 1, 2005 in Articles, Other Major Scholarly Journal Articles, Translated
The twentieth century’s dominant myth was that of a “rational capitalism.” The two economists who did the most to promote this idea were John Maynard Keynes and Joseph Schumpeter. Both were responding to the great historical crisis of capitalism manifested in the First World War, the Great Depression, and the Second World War. In the […]
Empire of Barbarism
By John Bellamy Foster on December 1, 2004 in Articles, Other Major Scholarly Journal Articles, Translated
“A new age of barbarism is upon us.” These were the opening words of an editorial in the September 20, 2004, issue of Business Week clearly designed to stoke the flames of anti-terrorist hysteria. Pointing to the murder of schoolchildren in Russia, women and children killed on buses in Israel, the beheading of American, Turkish, […]
Ecology, Capitalism, and the Socialization of Nature
DENNIS SORON: Many environmentalists came away from the Rio Earth Summit in 1992 with a great deal of optimism, believing that the cause of global environmental reform had finally been seriously placed on the political agenda. Today, with environmental conditions continuing to worsen and governments refusing to take effective action, it seems that little of […]
