“Konzentration and Zentralisation des Kapitals” (Concentration and Centralization of Capital,” in Historisch-Kritisches Wörterbuch Des Marximus , 7/II ((Berlin: Argument-Verlag, 2010).
Why Ecological Revolution?
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 Vulnerable Planet Fifteen Years Later
The original intent of The Vulnerable Planet,when it was first published fifteen years ago, was to provide a brief historical materialist analysis of the development of the global ecological crisis, beginning with the early civilizations and leading up to the monopoly capitalist society of the late twentieth century. Looking back now at the book as […]
The Paradox of Wealth
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 […]
The Midas Effect
James Hansen, a leading US climatologist and director of NASA’s Goddard Institute for Space Studies, warns that global climate change today constitutes a ‘planetary emergency’. Existing trends threaten to set in mo- tion irreversible climate transformations, proceeding ‘mostly under their own momentum’, thereby fundamentally transforming the conditions of life on earth (Hansen, 2008b: 7–8).
Monopoly-Finance Capital and the Paradox of Accumulation
This month marks the eightieth anniversary of the 1929 Stock Market Crash that precipitated the Great Depression of the 1930s. Ironically, this comes at the very moment that the capitalist system is celebrating having narrowly escaped falling into a similar abyss. The financial crash and the decline in output a year ago, following the collapse […]
Darwin’s Worms and the Skin of the Earth: An Introduction to Charles Darwin’s The Formation of Vegetable Mould, Through the Action of Worms, With Observations on their Habits
Charles Darwin’s discovery of the theory of evolution by natural selection is unquestionably one of the most profound scientific achievements in history. Darwin was heavily influenced by the great geologist Charles Lyell, who developed uniformitarianism, the methodological and substantive doctrine that sought to explain all geological formations as the result of the accumulation of small […]
The Penal State in an Age of Crisis
As a rule, crime and social protest rise in periods of economic crisis in capitalist society. During times of economic and social instability, the well-to-do become increasingly fearful of the general population, more disposed to adopt harsh measures to safeguard their positions at the apex of the social pyramid. The slowdown in the economic growth […]
Capitalism in Wonderland
In a recent essay, “Economics Needs a Scientific Revolution,” in one of the leading scientific journals, Nature, physicist Jean-Philippe Bouchaud, a researcher for an investment management company, asked rhetorically, “What is the flagship achievement of economics?” Bouchaud’s answer: “Only its recurrent inability to predict and avert crises.” Although his discussion is focused on the current […]
The Sales Effort and Monopoly Capital
On the eightieth anniversary of the 1929 Stock Market Crash that led to the Great Depression, the United States is once again caught in a Great Financial Crisis and deep downturn of an order of magnitude comparable to the 1930s. At the center of this crisis is plunging consumer spending, caused by the destruction of […]