Tag: Chinese

  • A Failed System

    A Failed System

    A Failed System: The World Crisis of Capitalist Globalization and its Impact on China“, Monthly Review vol. 60, no. 10 (March 2009), pp. 1-23. DOI: 10.14452/MR-060-10-2009-03_1

    In referring in my title here to “A Failed System” I do not of course mean that capitalism as a system is in any sense at an end. Rather I mean by “failed system” a global economic and social order that increasingly exhibits a fatal contradiction between reality and reason—to the point, in our time, where it threatens not only human welfare but also the continuation of most sentient forms of life on the planet. Three critical contradictions make up the contemporary world crisis emanating from capitalist development: (1) the current Great Financial Crisis and stagnation/depression; (2) the growing threat of planetary ecological collapse; and (3) the emergence of global imperial instability associated with shifting world hegemony and the struggle for resources. Such structural weaknesses of the system, as Joseph Schumpeter might have said, are the product of capitalism’s past successes, but they raise catastrophic problems and failures in the present nonetheless. How we choose to act today in response to this failed system is therefore the most critical question that humanity has ever faced.

    Translations:
    • Chinese translation by Dong Hui, Philosophical Trends (China)no. 5, 2009; separate Chinese translation by Wu Wei and Liu Shuai, Marxism and Reality (China), no. 3, 2009.
    • Portuguese translation in Monthly Review, Portuguese-Language Edition (Brazil), no. 11, 2009;
    • Spanish translations in Monthly Review, Selecciones en Castellano, no. 10 (2009), and Blog De Um Sem-Mídia, Domingo, March 29, 2009.
    • Bangla translation in Bangla Monthly Review, vol. 1, no. 4 (September 2009). Translated by Nilanjan Dutt.

     

  • The Ecological Revolution

    The Ecological Revolution

    The Ecological RevolutionThe Ecological Revolution: Making Peace with the Planet,” (New York: Monthly Review Press, 2009), 319 pp.

    Awards:

    • Winner of the Greald L. Young Book Award of the Society for Human Ecology, 2010.

    Editions:

    • Edited French-language editon, entitled Marx Écologiste. Amsterdam Press, 2011, includes chapters 8-11.

    Translations:

    • German translation Hamburg: Laika-Verlag, 2012.
    • Bangla translation being published in India by Cornerstone Books, Kharagpur.
    • Final chapter reprinted in Briarpatch magazine, July/August 2009.
    • Korean translation being translated by Dae-Han Song for the Korean Alliance of Progressive Movements.
    • Chinese translation forthcoming from Renmin Press.

    Since the atomic bomb made its first appearance on the world stage in 1945, it has been clear that we possess the power to destroy our own planet. What nuclear weapons made possible, global environmental crisis, marked especially by global warming, has now made inevitable—if business as usual continues.

    The roots of the present ecological crisis, John Bellamy Foster argues in The Ecological Revolution, lie in capital’s rapacious expansion, which has now achieved unprecedented heights of irrationality across the globe. Foster compellingly demonstrates that the only possible answer for humanity is an ecological revolution: a struggle to make peace with the planet. Foster details the beginnings of such a revolution in human relations with the environment which can now be found throughout the globe, especially in the periphery of the world system, where the most ambitious experiments are taking place.

    This bold new work addresses the central issues of the present crisis: global warming, peak oil, species extinction, world water shortages, global hunger, alternative energy sources, sustainable development, and environmental justice. Foster draws on a unique range of thinkers, including Karl Marx, Thomas Malthus, William Morris, Albert Einstein, Hannah Arendt, Rachel Carson, Vandana Shiva, and István Mészáros. The result is a startlingly radical synthesis, which offers new hope for grappling with the greatest challenge of our age: what must be done to save the earth for humanity and all living species.

    Reviews:

    In this time of growing ecological and economic crisis, John Bellamy Foster’s voice stands out like no other. In his new book, The Ecological Revolution, he demonstrates that questions of ecology cannot be separated from questions of economics, and that building a truly sustainable future means putting people and the planet before profit.

    —Howard Zinn, author of A People’s History of the United States

    Foster is the most systematic thinker on red-green politics writing today—and he is quite clear about What is to be done! In these essays, he applies Marx’s theory of metabolic rift to elucidate a variety of contexts—the Pentagon’s pursuit of oil, neoliberalism and the Jo’burg Manifesto, the poverty of contemporary sociology, imperialism and ecological debt, critique of the New Sustainability Paradigm—all the while keeping his synthesis of historical scholarship, natural scientific detail, and Marxist theory readily accessible to a wide readership. Here is reason and discipline driven by passion and care.

    —Ariel Salleh, Research Associate in Political Economy, at the University of Sydney

    Author of Ecofeminism as Politics, Editor of Eco-Sufficiency and Global Justice, and Co-editor of the journal Capitalism Nature Socialism

    In The Ecological Revolution, John Bellamy Foster rightly shows the inadequacy of the technological approaches to which the capitalist response to the ecological crisis is limited, raising the question of a wider revolution in ecology and community. In the process he puts to rest the widely held assumption that Marx and Marxists have little to contribute on the ecological crisis. His book demonstrates that Marx addressed the ecological issues with keen insight and that the historical materialist ecological tradition is alive and relevant today.

    —John B. Cobb, Jr., Professor Emeritus, Claremont School of Theology

    Co-author with Herman Daly of For the Common Good: Redirecting the Economy Toward Community, The Environment, and a Sustainable Future

    For fifteen years, in the books The Vulnerable Planet, Marx’s Ecology, and Ecology Against Capitalism, Foster has warned us of capitalist ecological catastrophe. With accessibility, grace, and a powerful intellectual punch, this new collection tackles the neoconservative petro-military complex of the Bush years sandwiched between Clinton-Gore-Obama’s pernicious eco-neoliberalism. Foster’s searing denunciations of environmental commodification give us confidence to fight bourgeois economic ideology—from the likes of Thomas Friedman, William Nordhaus, Larry Summers, and Nick Stern—and to demand an eco-socialist future.

    —Patrick Bond, senior professor of development studies

    University of KwaZulu-Natal, Durban

    This book is a major achievement. It combines enormous breadth of scholarship with consummate theoretical integration to produce a powerful political argument. It should be required reading for anyone who cares about the future of humanity and the planet – that is, everyone!

    —Ted Benton, Marx and Philosophy Review of Books

  • Ecology

    Ecology

    Ecology: The Moment of Truth—An Introduction“, (coauthored with Brett Clark and Richard York, Foster listed first), Monthly Review, vol. 60, no. 3 (July 2008), pp. 1-11. DOI: 10.14452/MR-060-03-2008-07_1

    It is impossible to exaggerate the environmental problem facing humanity in the twenty-first century. Nearly fifteen years ago one of us observed: “We have only four decades left in which to gain control over our major environmental problems if we are to avoid irreversible ecological decline.” Today, with a quarter-century still remaining in this projected time line, it appears to have been too optimistic. Available evidence now strongly suggests that under a regime of business as usual we could be facing an irrevocable “tipping point” with respect to climate change within a mere decade. Other crises such as species extinction (percentages of bird, mammal, and fish species “vulnerable or in immediate danger of extinction” are “now measured in double digits”);3 the rapid depletion of the oceans’ bounty; desertification; deforestation; air pollution; water shortages/pollution; soil degradation; the imminent peaking of world oil production (creating new geopolitical tensions); and a chronic world food crisis—all point to the fact that the planet as we know it and its ecosystems are stretched to the breaking point. The moment of truth for the earth and human civilization has arrived.

    Translations:
    • Spanish translation in Biblioteca Virtual Umegalfa, February 2014
    • Chinese translation by Dong Hui, in Seeking Truth (China), no. 5, 2009
    • Portuguese translation in Monthly Review, Portuguese-Language Edition (Brazil), July 2009.

     

  • Peak Oil and Energy Imperialism

    Peak Oil and Energy Imperialism

    Peak Oil and Energy Imperialism“, Monthly Review vol.60, no. 3 (July 2008), pp. 12-33. DOI: 10.14452/MR-060-03-2008-07_2

    The rise in overt militarism and imperialism at the outset of the twenty-first century can plausibly be attributed largely to attempts by the dominant interests of the world economy to gain control over diminishing world oil supplies. Beginning in 1998 a series of strategic energy initiatives were launched in national security circles in the United States in response to: (1) the crossing of the 50 percent threshold in U.S. importation of foreign oil; (2) the disappearance of spare world oil production capacity; (3) concentration of an increasing percentage of all remaining conventional oil resources in the Persian Gulf; and (4) looming fears of peak oil.

    Translations:
    • Chinese translation by Mao Jiaqiang and Xing Yingli, Foreign Theoretical Trends (China)no. 12, 2008.
    • Norwegian translation in Ødeleggelsens Økonomi (Tidsskrifter Rødt!, 2008), 75-99.
    • Portuguese translation in Monthly Review, Portuguese-Language Edition (Brazil), July 2009.
    • Bangla translation in Bangla Monthly Review, vol. 1, no. 1 (December 2008).
    • Translated by Farooque Chowdhury; Turkish translation in Monthly ReviewTurkish edition, no. 19 (Istanbul: Kalkedon, 2008).

     

  • The Financialization of Capital and the Crisis

    The Financialization of Capital and the Crisis

    The Financialization of Capital and the Crisis“, Monthly Review vol. 59, no. 11 (April 2008), pp. 1-19. DOI: 10.14452/MR-059-11-2008-04_1

    With the benefit of hindsight, few now doubt that the housing bubble that induced most of the recent growth of the U.S. economy was bound to burst or that a general financial crisis and a global economic slowdown were to be the unavoidable results. Warning signs were evident for years to all of those not taken in by the new financial alchemy of high-risk debt management, and not blinded, as was much of the corporate world, by huge speculative profits. This can be seen in a series of articles that appeared in this space: “The Household Debt Bubble” (May 2006), “The Explosion of Debt and Speculation” (November 2006), “Monopoly-Finance Capital” (December 2006), and “The Financialization of Capitalism” (April 2007).

    Translations:
    • Polish translation in Le Monde Diplomatique, Polish Edition (July 2008), http://monde-diplomatique.pl/LMD29/.
    • Chinese translation Wu Wei in Marxism and Reality (China), no. 4, 2008.
    • Turkish translation by Özkan Özgur, http:///www.toplumsalbilinc.org, October 22, 2008.
    • Portuguese translation in Resistir.info, http://resistir.info, 2008.
    • Spanish translation in Sin Permiso, issue 4 (December 2008).

     

  • The Financialization of Capitalism

    The Financialization of Capitalism

    The Financialization of Capitalism“, Monthly Review, vol. 58, no. 11 (April 2007), pp. 1-12. DOI: 10.14452/MR-058-11-2007-04_1

    Changes in capitalism over the last three decades have been commonly characterized using a trio of terms: neoliberalism, globalization, and financialization. Although a lot has been written on the first two of these, much less attention has been given to the third. Yet, financialization is now increasingly seen as the dominant force in this triad. The financialization of capitalism-the shift in gravity of economic activity from production (and even from much of the growing service sector) to finance—is thus one of the key issues of our time. More than any other phenomenon it raises the question: has capitalism entered a new stage?

    Translations:
    • Chinese Translations by Wang Nianyong and Chen Jiali Foreign Theoretical Trends (China), no. 7 (2007) and Wu Wei, Marxism and Reality (2008).
    • Translated in Monthly Review, Turkish edition, August 2007.
    • Spanish translation in Monthly Review, Selecciones en Castellano, no. 8 (March 2008).
    • Bangla translation in Bangla Monthly Review, no. 4 (September-November, 2007). Translated by Arindam Bandopaddhay.

     

  • The Ecology of Destruction

    The Ecology of Destruction

    The Ecology of Destruction“, Monthly Review vol. 58, no. 9 (February 2007), pp.1-14. DOI: 10.14452/MR-058-09-2007-02_1

    I would like to begin my analysis of what I am calling here “the ecology of destruction” by referring to Gillo Pontecorvo’s 1969 film Burn!. Pontecorvo’s epic film can be seen as a political and ecological allegory intended for our time. It is set in the early nineteenth century on an imaginary Caribbean island called “Burn.” Burn is a Portuguese slave colony with a sugar production monoculture dependent on the export of sugar as a cash crop to the world economy. In the opening scene we are informed that the island got its name from the fact that the only way that the original Portuguese colonizers were able to vanquish the indigenous population was by setting fire to the entire island and killing everyone on it, after which slaves were imported from Africa to cut the newly planted sugar cane.

    Reprints:
    • Reprinted and published in Norwegian in Torstein Dahle (and to artikler av John Bellamy Foster, Ødeleggelsens Økonomi (Tidsskrifter Rødt!, 2008), 100-16.
    Translations:
    • Chinese translation by Dong Jinyu, Foreign Theoretical Trends (China), no. 6, 2008, and translated separately by Liang Yongqiant, Internet Fortune (China), no. 4, 2009.
    • Persian translation in Paul M. Sweezy, et. al., Capitalism and the Environment (Tehran: Digar Publishing House, 2008.
    • French translation in La Brèche-Carré Rouge, December 2007-January February 2008, pp. 46-53.
    • German translation in Perspectiven: Magazin Für Linke Tehoerie Und Praxis, 2007, no. 2 (Vienna);
    • Portuguese translation in O Comuneiro, no. 4, 2007, www.ocomuneiro.com.
    • Norwegian translation in Rødt–special edition in Norwegian daily Klassekampen (Class Struggle), June 2007.
    • Translated in Monthly Review, Turkish edition, 2007.
    • Korean translation October 15, 2009, at http://programto.net/wordpress/.
    • Bangla translation in Bangla Monthly Review, no. 3 (June 2007). Translated by Tushar Chakrabarty.

     

  • Monopoly-Finance Capital

    Monopoly-Finance Capital

    Monopoly-Finance Capital“, Monthly Review, vol. 58, no. 7 (December 2006), pp. 1-14. DOI: 10.14452/MR-058-07-2006-11_1

    The year now ending marks the fortieth anniversary of Paul Baran and Paul Sweezy’s classic work, Monopoly Capital: An Essay on the American Economic and Social Order (Monthly Review Press, 1966). Compared to mainstream economic works of the early to mid-1960s (the most popular and influential of which were John Kenneth Galbraith’s New Industrial State and Milton Friedman’s Capitalism and Freedom), Monopoly Capital stood out not simply in its radicalism but also in its historical specificity. What Baran and Sweezy sought to explain was not capitalism as such, the fundamental account of which was to be found in Marx’s Capital, but rather a particular stage of capitalist development. Their stated goal was nothing less than to provide a brief “essay-sketch” of the monopoly stage of capitalism by examining the interaction of its basic economic tendencies, narrowly conceived, with the historical, political, and social forces that helped to shape and support them.

    Translations:
    • Chinese translation by Research Center on Marxism, Yunnan Normal University, Foreign Theoretical Trends (China), no. 3, 2007.
    • Turkish translation in http://www.sendika.org, October 16, 2008.
    • Arabic translation by Thamer Al-Saffar in Civilized Dialogue 1925, May 24, 2007, http://www.ahewar.org/debat/show.art.asp?aid=97582

     

  • The Optimism of the Heart

    The Optimism of the Heart

    The Optimism of the Heart“, (memorial to Harry Magdoff), Monthly Review, vol. 58, no. 5 (October 2006), pp. 10-26. DOI: 10.14452/MR-058-05-2006-09_2

    The following intellectual biography of Harry Magdoff is a slightly revised and expanded version of a piece that was posted on MRzine a few days after Harry’s death on January 1, 2006. It evolved out of an earlier biography I wrote for the Biographical Dictionary of Dissenting Economists in 2000. Since the aim of this biography was to present the basic facts of Harry’s intellectual career, personal feelings and observations were largely excluded. A brief word on Harry’s character and the warm emotions he engendered within those who knew him therefore seems essential here.

    Online draft, placed on www.monthlyreview.org

    Translations:
    • Translated in Monthly Review, Turkish edition, no. 2 (2006), pp. 9-22.
    • Bangla translation included in in the Rank of the Wretched: A collection of Short Biographies of Albert Einstein, Paul M. Sweezy, and Harry Magdoff. Dhaka, Bangladesh: Shrabon Prokashoni, 2006.
    • Chinese translation by Shoutao Sun in Foreign Theory Dynamics, 3 (2006).

     

  • A Warning to Africa

    A Warning to Africa

    A Warning to Africa: The New U.S. Imperial Grand Strategy“, Monthly Review vol. 58, no. 2 (June 2006), pp.1-12. DOI: 10.14452/MR-058-02-2006-06_1

    Imperialism is constant for capitalism. But it passes through various phases as the system evolves. At present the world is experiencing a new age of imperialism marked by a U.S. grand strategy of global domination. One indication of how things have changed is that the U.S. military is now truly global in its operations with permanent bases on every continent, including Africa, where a new scramble for control is taking place focused on oil.

    Reprints:
    • Reprinted in Itinerários (Portugal), 2010. Reprinted in Pambazuka News: World Forum for Social Justice in Africa, www.pambazuka.org published by Fahamu in Oxford, U.K.
    Translations:
    • Chinese translation by Qi Jianjun, Social Sciences Abroad (China), no. 3, 2009.
    • French translation in Mondialisation.ca, March 13, 2007.
    • Arabic translation in Donia-Alwatan (Gaza-Palestine), www.alwatanvoice.com, January 15, 2007.
    • Korean translation in Monthly Review Korean Edition, no. 1 published by Philmac Publishing, Seoul Korea, May 2007, 40-57.
    • Italian version appears at Arianna Editrice.it, March 13, 2007.