The rediscovery over the last decade and a half of Marx’s theory of metabolic rift has come to be seen by many on the left as offering a powerful critique of the relation between nature and contemporary capitalist society. The result has been the development of a more unified ecological world view transcending the divisions […]
Tag Archives | Monthly Review (Turkish)
The Fossil Fuels War
By John Bellamy Foster on September 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
Only a few years ago governments, corporations, and energy analysts were fixated on the problem of “the end of cheap oil” or “peak oil,” pointing to growing shortages of conventional crude oil due to the depletion of known reserves. The International Energy Agency’s 2010 report devoted a whole section to peak oil. Some climate scientists […]
Marx, Kalecki, and Socialist Strategy
By John Bellamy Foster on April 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
A historical perspective on the economic stagnation afflicting the United States and the other advanced capitalist economies requires that we go back to the severe downturn of 1974–1975, which marked the end of the post-Second World War prosperity. The dominant interpretation of the mid–1970s recession was that the full employment of the earlier Keynesian era […]
A Missing Chapter of Monopoly Capital
By John Bellamy Foster on August 1, 2012 in Articles, Other Major Scholarly Journal Articles, Translated
Monopoly Capital: An Essay on the American Economic and Social Order by Paul A. Baran and Paul M. Sweezy, published in 1966, is one of the foundational works in the development of Marxian political economy in the United States and indeed the world, and is today recognized as a classic, having generated more than four-and-a-half […]
The Global Reserve Army of Labor and the New Imperialism
By John Bellamy Foster on November 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
In the last few decades there has been an enormous shift in the capitalist economy in the direction of the globalization of production. Much of the increase in manufacturing and even services production that would have formerly taken place in the global North—as well as a portion of the North’s preexisting production—is now being offshored […]
The Internationalization of Monopoly Capital
By John Bellamy Foster on June 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
In a 1997 article entitled “More (or Less) on Globalization,” Paul Sweezy referred to “the three most important underlying trends in the recent history of capitalism, the period beginning with the recession of 1974-75: (1) the slowing down of the overall rate of growth; (2) the worldwide proliferation of monopolistic (or oligopolistic) multinational corporations; and […]
The Internet’s Unholy Marriage to Capitalism
By John Bellamy Foster on March 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
The United States and the world are now a good two decades into the Internet revolution, or what was once called the information age. The past generation has seen a blizzard of mind-boggling developments in communication, ranging from the World Wide Web and broadband, to ubiquitous cell phones that are quickly becoming high-powered wireless computers […]
The Financialization of Accumulation
By John Bellamy Foster on October 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
In 1997, in his last published article, Paul Sweezy referred to “the financialization of the capital accumulation process” as one of the three main economic tendencies at the turn of the century (the other two were the growth of monopoly power and stagnation). Those familiar with economic theory will realize that the phrase was meant […]
The Financial Power Elite
By John Bellamy Foster on May 1, 2010 in Articles, Other Major Scholarly Journal Articles, Translated
Has the power of financial interests in U.S. society increased? Has Wall Street’s growing clout affected the U.S. state itself? How is this connected to the present crisis? We will argue that the financialization of U.S. capitalism over the last four decades has been accompanied by a dramatic and probably long-lasting shift in the location […]
The Paradox of Wealth
By John Bellamy Foster on November 1, 2009 in Articles, Other Major Scholarly Journal Articles, Translated
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 […]
