John Bellamy Foster

Tag: Intan Suwandi

  • COVID-19 and Catastrophe Capitalism

    COVID-19 and Catastrophe Capitalism: Commodity Chains and Ecological-Epidemiological-Economic Crises (coauthored with Intan Suwandi), Monthly Review vol. 72, no. 2 (June 2020), pp. 1-20. DOI: https://doi.org/10.14452/MR-072-02-2020-06_1  [HTML]

    Since the late twentieth century, capitalist globalization has increasingly adopted the form of interlinked commodity chains controlled by multinational corporations, connecting various production zones, primarily in the Global South, with the apex of world consumption, finance, and accumulation primarily in the Global North. COVID-19 has accentuated as never before the interlinked ecological, epidemiological, and economic vulnerabilities imposed by capitalism.

  • Global Commodity Chains and the New Imperialism

    “Global Commodity Chains and the New Imperialism” (coauthored with Intan Suwandi and R. Jamil Jonna, Foster listed last), Monthly Review vol. 70, no. 10 (March 2019): 1-24. DOI: 10.14452/MR-070-10-2019-03_1 [HTML]

    To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today’s global monopolies in the center of the world economy have captured value generated by labor in the periphery within a process of unequal exchange, thus getting “more labour in exchange for less.” The result has been to change the global structure of industrial production while maintaining and often intensifying the global structure of exploitation and value transfer.

    •   Chinese translation was published in Foreign Theoretical Trends, October 2019.

  • Multinational Corporations and the Globalization of Monopoly Capital

    “Multinational Corporations and the Globalization of Monopoly Capital: From the 1960s to the Present” (co-authored with Intan Suwandi, Suwandi listed first), Monthly Review vol. 68, no. 3 (July-August 2016), pp. 114-31. DOI: 10.14452/MR-068-03-2016-07_9 [HTML]

    In 1964, Paul Baran and Paul Sweezy wrote an essay entitled “Notes on the Theory of Imperialism” for a festschrift in honor of the sixty-fifth birthday of the great Polish Marxist economist Michał Kalecki.… [T]he essay offered the first major analysis of multinational corporations within Marxian theory. Parts of it were incorporated into Baran and Sweezy’s Monopoly Capital in 1966, two years after Baran’s death. Yet for all that book’s depth, “Notes on the Theory of Imperialism” provided a more complete view of their argument on the growth of multinationals. In October and November 1969, Harry Magdoff and Sweezy wrote their article “Notes on the Multinational Corporation,” picking up where Baran and Sweezy had left off. That same year, Magdoff published his landmark The Age of Imperialism, which systematically extended the analysis of the U.S. economy into the international domain.… In the analyses of Baran, Sweezy, and Magdoff, as distinct from the dominant liberal perspective, the multinational corporation was the product of the very same process of concentration and centralization of capital that had created monopoly capital itself.