John Bellamy Foster

Tag: German

  • Marxism and Ecology

    Marxism and Ecology: Common Fonts on a Great Transition,” Monthly Review, vol. 67, no. 7 (Deember 2015), pp. 1-13. DOI: 10.14452/MR-067-07-2015-11_1
    This article was originally published (along with comments on it by nine other authors, including MR contributors David Barkin, Hannah Holleman, and Fred Magdoff) on the Great Transition Initiative website in October 2015: http://greattransition.org/publication/marxism-and-ecology.
    To link Marxism and ecological transition may seem at first like trying to bridge two entirely different movements and discourses, each with its own history and logic: one having mainly to do with class relations, the other with the relation between humans and the environment. However, historically socialism has influenced the development of ecological thought and practice, while ecology has informed socialist thought and practice. Since the nineteenth century, the relationship between the two has been complex, interdependent, and dialectical.
    Versions and Publishers:
    • Earlier version published online by the Great Transition Initiative, October 19, 2015, 5800 words, greattransition.org. Published along with comments of 750-1000 words by majors scholars, part of the Great Transition Network, and with a response to the comments by the author.
    Translations:
    • Portuguese-language translation forthcoming in O Comuneiro (2016). Portugues-language version also forthcoming in Lutas Sociais (Sao Paulo, 2016).
    • German translation forthcoming in Analyse & Kritik (2016).

     

  • The Epochal Crisis

    The Epochal Crisis

    “The Epochal Crisis,” [PDF], Monthly Review, vol.65, no. 5 (October 2013), pp. 1-12. DOI: 10.14452/MR-065-05-2013-09_1

    It is an indication of the sheer enormity of the historical challenge confronting humanity in our time that the worst economic crisis since the Great Depression, sometimes now called the Second Great Depression, is overshadowed by the larger threat of planetary catastrophe, raising the question of the long-term survival of innumerable species—including our own. An urgent necessity for the world today is therefore to develop an understanding of the interconnections between the deepening impasse of the capitalist economy and the rapidly accelerating ecological threat—itself a by-product of capitalist development.

    Translations:
    • German-language translation Das Argument 305 (2013): 871-80.
    • Spanish language translation by Carlos Valmaseda in Mientras Tanto (May 2014)

     

  • The Endless Crisis

    The Endless Crisis

    The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China“The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China,” (coauthored with Robert W. McChesney, Foster listed first, New York: Monthly Review Press, 2012), 227 pp.

    Introduction to book excerpted as “How Monopoly-Finance Capital Leads to Economic Stagnation,” Utne Reader, October 2012.

    Translations:

    • Polish translation, Book and Press/Le Monde Diplomatique Polish Book Series, 2013;
    • German translation (Hamburg: Laika Verlag)
    • Arabic translation by Fuad Nassar Center, Ramallah, Palestine.

    The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation.

    This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.

    Reviews:

    The authors carefully develop a powerful case that the normal state of ‘really existing capitalist economies,’ increasingly dominated by multinational megacorporations along with associated financialization, is not growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an ‘endless crisis,’ endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action.

    —Noam Chomsky

    In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years.

    —James K. Galbraith, author, Inequality and Instability: A Study of the World Economy Just Before the Great Crisis

    The Endless Crisis provides a compelling discussion of the central economic reality of our time: that the Wall Street collapse and Great Recession of 2007-09 was a human calamity whose effects are ongoing. Foster and McChesney explore the underlying causes of the crisis as a result of the normal operations of capitalism in its contemporary neoliberal variant. Their discussions on financialization, monopoly power, imperialism, and other topics all provide opportunities for us to think more clearly about what is wrong with the societies we live in and how to advance a transformative political project in behalf of equality and social justice.

    —Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst

    The Endless Crisis goes beyond being thought-provoking, well-written, and interesting. In many respects it is chilling in its analysis of the evolution of global capitalism and the contours of the global class struggle. This book constitutes a polemic not only with neo-liberal theory but with those who believe that tinkering with the worst aspects of capitalism will resolve the crisis. Foster and McChesney take the reader into the world of the global monopolies and the plutocracies that they have spawned. When you finish this book you cannot but ask the question: ‘When do we get serious about a strategy for the Left to respond to the system of modern day robber-barons that Foster and McChesney so well analyze?’

    —Bill Fletcher, Jr., BlackCommentator.com; author of Solidarity Divided and ‘They’re Bankrupting us’ And Twenty Other Myths about Unions

    The most important book yet to appear on stagnation, the central problem of modern economic reality. Essential reading for serious liberal, heterodox, radical, and all open-minded economic thinkers.

    —Gar Alperovitz, author, America Beyond Capitalism; Lionel R. Bauman Professor of Political Economy, University of Maryland

    John Bellamy Foster and Robert McChesney’s The Endless Crisis very effectively integrates analysis of the development, character, and impact of monopoly-finance capital, which includes the now global and immense reserve army of labor, and with stagnation tendencies harder and harder to overcome. They also demonstrate well the urgency of working class organization on a global basis.

    —Edward S. Herman, professor emeritus of finance, the Wharton School, University of Pennsylvania

    This is a most remarkable and important book. It is political economy at its best. It offers a sophisticated explanation of the socio-economic crisis facing the global and domestic economies. The authors further argue that the socio-economic crisis cannot be resolved without a total transformation away from the oligopolistic capitalistic system. The work of Foster and McChesney can be embraced by all heterodox political economy traditions.

    —Hans G. Despain, Marx & Philosophy Review of Books

    A focused and muscular work that ranks alongside the works of John Kenneth Galbraith, Paul Sweezy, Paul Baran and other great political economists who were unafraid to deliver sobering criticisms of modern capitalism. It is a robustly researched testament to the enduring relevance of Marxist theory in the 21st century.

    —Philip Louro, New Politics

    The Marxist perspective, exemplified in a new book by John Bellamy Foster and Robert McChesney, is also useful. This argues that the strong western growth rates in the middle of the 20th century were something of a mirage . . . The result has been a declining trend rate of growth, and the increased financialisation of western economies as the surpluses have been re-cycled through the banks in a search for yield. Hence the Latin American debt crisis. Hence the sub-prime mortgage crisis. Hence the inability of the global economy to emerge from its torpor.

    —Larry Elliott, the Guardian

    Read a review by Bernard D’Mello of The Endless Crisis in Economic & Political Weekly on MRzine.org

  • The Endless Crisis

    The Endless Crisis

    “The Endless Crisis”, (coauthored with Robert W. McChesney, Foster listed first), Monthly Review, vol. 64, no. 1 (May 2012), pp. 1-28. DOI: 10.14452/MR-064-01-2012-05_1

    The Great Financial Crisis and the Great Recession began in the United States in 2007 and quickly spread across the globe, marking what appears to be a turning point in world history. Although this was followed within two years by a recovery phase, the world economy five years after the onset of the crisis is still in the doldrums…. The one bright spot in the world economy, from a growth standpoint, has been the seemingly unstoppable expansion of a handful of emerging economies, particularly China. Yet, the continuing stability of China is now also in question. Hence, the general consensus among informed economic observers is that the world capitalist economy is facing the threat of long-run economic stagnation (complicated by the prospect of further financial deleveraging)…. It is this issue of the stagnation of the capitalist economy, even more than that of financial crisis or recession that has now emerged as the big question worldwide.

    Translations:
    • Turkish translation in Monthly Review, Turkish edition, no. 31 (Istanbul: Kalkedon, 2012), pp. 3-36.
    • German language translation in Info-Verteiler, infoverteiler.net, June 2012.
    • Chinese translation forthcoming in Journal of Gansu Administration Institute.

     

  • What Every Environmentalist Needs to Know About Capitalism

    What Every Environmentalist Needs to Know About Capitalism

    What Every Environmentalist Needs to Know About Capitalism: A Citizen’s Guide to Capitalism and the Environment“What Every Environmentalist Needs to Know About Capitalism: A Citizen’s Guide to Capitalism and the Environment,” (co-authored with Fred Magdoff, Magdoff listed first, New York: Monthly Review Press, 2011), 187 pp.

    There is a growing consensus that the planet is heading toward environmental catastrophe: climate change, ocean acidification, ozone depletion, global freshwater use, loss of biodiversity, and chemical pollution all threaten our future unless we act. What is less clear is how humanity should respond. The contemporary environmental movement is the site of many competing plans and prescriptions, and composed of a diverse set of actors, from militant activists to corporate chief executives.

    This short, readable book is a sharply argued manifesto for those environmentalists who reject schemes of “green capitalism” or piecemeal reform. Environmental and economic scholars Magdoff and Foster contend that the struggle to reverse ecological degradation requires a firm grasp of economic reality. Going further, they argue that efforts to reform capitalism along environmental lines or rely solely on new technology to avert catastrophe misses the point. The main cause of the looming environmental disaster is the driving logic of the system itself, and those in power—no matter how “green”—are incapable of making the changes that are necessary.

    What Every Environmentalist Needs To Know about Capitalism tackles the two largest issues of our time, the ecological crisis and the faltering capitalist economy, in a way that is thorough, accessible, and sure to provoke debate in the environmental movement.

    Reviews:

    I’m not sure who needs to read this relentlessly persuasive book more: environmentalists who imagine we can solve the ecological crisis without confronting capitalism, or leftists who have yet to recognize the ecological crisis as the highest expression of the capitalist threat. How about both, and then some. Indispensable.

    —Naomi Klein, author, The Shock Doctrine

    As we journey through the early stages of the end of the industrial mind an ecological world view awaits us on the horizon. We have no map, but rather a wildly oscillating compass needle. These two bold grown-ups, old hands at hard thinking, are steadying the needle. This book properly pondered will reveal that capitalism is the product of abstract thought whose particularity is to propel us to the edge of humanity’s version of a Petri dish.

    —Wes Jackson, President, The Land Institute

    With the debate about environmental collapse so dominated by technological, population, and market-based solutions, this book is a powerful antidote. Only by addressing global capitalism can we hope to avert catastrophe. Magdoff and Foster have written an up-to-date, accessible, and comprehensive account of a grim situation, yet manage to inspire the reader with their call for an ‘ecological revolution,’ already in process in parts of the world. An essential book for classroom use, to give to friends who need to learn more about what’s happening to the planet, or for the nightstand as a continual reminder of what’s really important.

    —Juliet Schor, author, True Wealth: How and Why Millions of Americans are Creating a Time-Rich, Ecologically-Light, Small-Scale, High-Satisfaction Economy

    A superb introduction to an essential conversation about capitalism’s ability to coexist with environmental progress. Magdoff and Foster do an excellent job of addressing the important issues at stake in this debate.

    —Michael T. Klare, author, Rising Powers, Shrinking Planet: The New Geopolitics of Energy

    Environmental destruction isn’t caused by ignorance or mistaken policies: it is the inevitable result of a social and economic system that puts profit before people and must constantly expand to survive. In this short and clearly written book, Magdoff and Foster explain why that is, why there can be no permanent solution to the environmental crisis so long as capitalism continues, and why greens and socialists must join forces to make an ecological revolution. Every socialist should buy two copies: one to read and learn from, and another to give to a friend who wants to go beyond environmental concern to effective action.

    —Ian Angus, editor, Climate and Capitalism

    Translations:
    • Turkish translation by Original Aksakal, Trails Publishing (2014).
    • German translation, Hamburg: Laika-Verlag, 2012.
  • Capitalism and Degrowth

    Capitalism and Degrowth

    “Capitalism and Degrowth: An Impossibility Theorem“, Monthly Review, vol. 62, no. 8 (January 2011), pp.26-33. DOI: 10.14452/MR-062-08-2011-01_2

    Almost four decades after the Club of Rome raised the issue of “the limits to growth,” the economic growth idol of modern society is once again facing a formidable challenge. What is known as “degrowth economics,” associated with the work of Serge Latouche in particular, emerged as a major European intellectual movement in 2008 with the historic conference in Paris on “Economic De-Growth for Ecological Sustainability and Social Equity,” and has since inspired a revival of radical Green thought, as epitomized by the 2010 “Degrowth Declaration” in Barcelona.… Ironically, the meteoric rise of degrowth (décroissance in French) as a concept has coincided over the last three years with the reappearance of economic crisis and stagnation on a scale not seen since the 1930s. The degrowth concept therefore forces us to confront the questions: Is degrowth feasible in a capitalist grow-or-die society—and if not, what does this say about the transition to a new society?

    Reprints:
    • An earlier, slightly different version of this article was published in the December/January 2011 issue of Red Pepper (UK).
    • The MR version was reprinted in Synthesis/Regeneration 55 (Spring 2010), pp. 35-39.
    Translations:
    • Italian translation by Andrea Grillo at Senza Soste.it, December 27, 2010.
    • German translation in Luxemburg 1 (2011), pp. 12-17.
    • Catalan translation, Kit de Supervivéncia Ambiental, March 16, 2011.
    • Greek translation in the Forum of ARENA, February 2, 2011.
    • Portuguese translation by Paula Sequeiros for Esquerda.net, December 4, 2010.

     

  • Why Ecological Revolution?

    “Why Ecological Revolution?“, Monthly Review vol. 61, no. 8 (January 2010), pp. 1-19. DOI: 10.14452/MR-061-08-2010-01_1

    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 denial, demonstrably doomed to fail, judging by their own limited objectives. This tragic failure, I will argue, can be attributed to the refusal of the powers that be to address the roots of the ecological problem in capitalist production and the resulting necessity of ecological and social revolution.

    Reprints:

    Reprinted in Leslie King and Deborah McCarthy Auriffeille, ed., Environmental Sociology: From Analysis to Action, Third Edition (New York: Rowman and Littlefield, 2014), pp. 37-52.

    Translations:
    • German translation in Sozialistische Zeitung, March 2010.
    • French translation by Jean Pestieua in Études Marxistes, no. 86, 2009, 63-76.
    • Latvian translation by Ieva Zalite, Green Liberty, http://zb-zeme.lv, 2010.
    • Chinese translations in Foreign Theoretical Trends, no. 3, 2010 and at www.leftlibrary.com/foster.htm, 2010.
    • Spanish translation in Brumaria 22 (Madrid, 2010), pp. 257-70.

     

  • The Ecological Revolution

    The Ecological Revolution

    The Ecological Revolution“The 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

  • Financial Implosion and Stagnation

    Financial Implosion and Stagnation

    “Financial Implosion and Stagnation; Back to the Real Economy“, (coauthored with Fred Magdoff, Foster listed first), Monthly Review vol. 60, no. 7 (December 2008), pp. 1-29. DOI: 10.14452/MR-060-07-2008-11_1

    “The first rule of central banking,” economist James K. Galbraith wrote recently, is that “when the ship starts to sink, central bankers must bail like hell.” In response to a financial crisis of a magnitude not seen since the Great Depression, the Federal Reserve and other central banks, backed by their treasury departments, have been “bailing like hell” for more than a year. Beginning in July 2007 when the collapse of two Bear Stearns hedge funds that had speculated heavily in mortgage-backed securities signaled the onset of a major credit crunch, the Federal Reserve Board and the U.S. Treasury Department have pulled out all the stops as finance has imploded. They have flooded the financial sector with hundreds of billions of dollars and have promised to pour in trillions more if necessary—operating on a scale and with an array of tools that is unprecedented.

    Reprints:
    • Reprinted in Michael Chossudovsky and Andrew Gavin Marshall, ed., The Global Economic Crisis: The Great Depression of the XXI Century (Montreal: Global Research, 2010), pp. 72-101.
    Translations:
    • German translation published as a Supplement der Zeitschrift Sozialismus, no. 2, 2009 (separate pamphlet).
    • Spanish translation in Monthly Review, Selecciones en Castellano, no. 10 (2009), 37-70.
    • Italian translation by Elisabett Horvat, in Quale Stato (Anthologia Della Crisi Globale), no. 1-2 (January-June 2009), http://www.fpcgil.it.
    • Portuguese translation in Monthly Review, Portuguese-Language Edition, no. 8, 2008.
    • Turkish translation appears in Kapitalizmin Finansal Krizi, edited by Prof. Dr. Abdullah Ersoy (Ankara, Turkey: Imaj Publishing, 2011), 330 pp.

     

  • 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.