John Bellamy Foster

Tag: Monthly Review

  • Crossing the River of Fire

    “Crossing the River of Fire: The Liberal Attack on Naomi Klein and This Changes Everything” [PDF] (coauthored with Brett Clark, Foster listed first) Monthly Review, vol. 66, no. 9 (February 2015), pp. 1-17. DOI: 10.14452/MR-066-09-2015-02_1

    Naomi Klein’s new book, This Changes Everything [argues that the source of the looming crisis from climate change] is not the planet, which operates according to natural laws, but rather the economic and social system in which we live, which treats natural limits as mere barriers to surmount. It is now doing so on a planetary scale, destroying in the process the earth as a place of human habitation.… In the age of climate change, Klein argues, a system based on ever-expanding capital accumulation and exponential economic growth is no longer compatible with human well-being and progress—or even with human survival over the long run.… In this way Klein…signals that she has now, in William Morris’s famous metaphor, crossed “the river of fire” to become a critic of capital as a system.… [This] has led to a host of liberal attacks on This Changes Everything, often couched as criticisms emanating from the left. These establishment criticisms of her work, we will demonstrate, are disingenuous, having little to do with serious confrontation with her analysis. Rather, their primary purpose is to rein in her ideas, bringing them into conformity with received opinion. If that should prove impossible, the next step is to exclude her ideas from the conversation.

    Translations:
    • Spanish translation in Noticas de Abajo, June 14, 2015.

     

  • “Foreword” to István Mészáros, The Necessity of Social Control

    “Foreword” to István Mészáros, The Necessity of Social Control

    “Foreword” to István Mészáros, The Necessity of Social Control (New York: Monthly Review Press, forthcoming December 2014), 15 pp.

    Reprinted as “Mészáros and the Critique of the Capital System,” Monthly Review 66, no. 7: 1-15.

    István Mészáros is one of the greatest philosophers that the historical materialist tradition has yet produced. His work stands practically alone today in the depth of its analysis of Marx’s theory of alienation, the structural crisis of capital, the demise of Soviet-style post-revolutionary societies, and the necessary conditions of the transition to socialism. His dialectical inquiry into social structure and forms of consciousness—a systematic critique of the prevailing forms of thought—is unequaled in our time. No less a historical figure than Hugo Chávez referred to him as the “pathfinder” of twenty-first century socialism.… The role of this foreword is to help to put his system of thought as a whole, and this book in particular, in their historical contexts, while illuminating some of the distinctive concepts governing his analysis.

  • “Foreword” to Paul Burkett, Marx and Nature

    “Foreword” to Paul Burkett, Marx and Nature

    “Foreword” to Paul Burkett, Marx and Nature: A Red and Green Perspective (Chicago: Haymarket Books, 2014), pp. 7-13.

    Reprinted as “Paul Burkett’s Marx and Nature Fifteen Years After,” Monthly Review, vol. 66, no. 7 (December 2014), pp. 56-62.

    Every book more than a few years old needs to be seen within the historical context in which it was written—works of social science most of all. Re-reading Paul Burkett’s Marx and Nature today, nearly a decade and a half after its first publication, reminds me of how different in some respects the historical context was then, at the end of the twentieth century, from what we face today, in the second decade of the twenty-first century.… A decade and a half ago the contribution of Marx and Marxism to the understanding of ecology was seen in almost entirely negative terms, even by many self-styled ecosocialists. Today Marx’s understanding of the ecological problem is being studied in universities worldwide and is inspiring ecological actions around the globe.… These changes are of course connected. As the environmental problems engendered by capitalist society have worsened, the necessary movements of ecological defense have radicalized and spread across the face of the planet.

  • Piketty and the Crisis of Neoclassical Economics

    Piketty and the Crisis of Neoclassical Economics

    “Piketty and the Crisis of Neoclassical Economics,” [PDF], with Michael D Yates. Monthly Review vol. 66, no. 6 (November 1, 2014): 1–24. DOI: 10.14452/MR-066-06-2014-10_1

    Not since the Great Depression of the 1930s has it been so apparent that the core capitalist economies are experiencing secular stagnation, characterized by slow growth, rising unemployment and underemployment, and idle productive capacity. Consequently, mainstream economics is finally beginning to recognize the economic stagnation tendency that has long been a focus in these pages, although it has yet to develop a coherent analysis of the phenomenon. Accompanying the long-term decline in the growth trend has been an extraordinary increase in economic inequality, which one of us labeled “The Great Inequality,” and which has recently been dramatized by the publication of French economist Thomas Piketty’s Capital in the Twenty-First Century. Taken together, these two realities of deepening stagnation and growing inequality have created a severe crisis for orthodox (or neoclassical) economics.

    Translations:
    • Turkish translation by Mustafa Stopped in Alternatif Siyaset (December 2014).

     

  • Braverman and the Structure of the U.S. Working Class

    Braverman and the Structure of the U.S. Working Class

    “Braverman and the Structure of the U.S. Working Class: Beyond the Degradation of Labor,”[PDF],(coauthored with R. Jamil Jonna, Jonna listed first), Employee Responsibilities and Rights Journal, vol. 26 (2014), pp. 219-36. DOI: 10.1007/s10672-014-9243-4.

    The fortieth anniversary of Harry Braverman’s Labor and Monopoly Capital is the occasion here for a reassessment of his work as a whole. Braverman’s analysis of the degradation of work is shown to have been only a part of a much larger argument he was developing on the structure of the U.S. working class. Building on his pioneering empirical research into occupational composition, a new empirical assessment of the structural evolution of the U.S. working class over the last four decades is provided, throwing light on current problems of unemployment, underemployment, and socially wasted labor—and the rights of labor.

    Translations:
    • Italian translation (of “Beyond the Degradation of Labor“) in La Sinistra Rivista (January 2015).
    Reprinted/ Revised:

    as “Beyond the Degradation of Labor: Braverman and the Structure of the U.S. Working Class,” [PDF] Monthly Review vol. 66, no. 5 (October 2014), pp. 1-24

  • Surveillance Capitalism

    Surveillance Capitalism

    “Surveillance Capitalism: Monopoly-Finance Capital, the Military-Industrial Complex, and the Digital Age” [PDF] (coauthored with Robert W. McChesney, Foster listed first), Monthly Review vol. 66, no. 11 (July-August 2014), pp. 1-32. DOI: 10.14452/MR-066-03-2014-07_1

    The United States came out of the Second World War as the hegemonic power in the world economy. The war had lifted the U.S. economy out of the Great Depression by providing the needed effective demand in the form of endless orders for armaments and troops. Real output rose by 65 percent between 1940 and 1944, and industrial production jumped by 90 percent.

    1, At the immediate end of the war, due to the destruction of the European and Japanese economies, the United States accounted for over 60 percent of world manufacturing output.
    2, The very palpable fear at the top of society as the war came to a close was that of a reversion to the pre-war situation in which domestic demand would be insufficient to absorb the enormous and growing potential economic surplus generated by the production system, thereby leading to a renewed condition of economic stagnation and depression.

    Translations
    • Chinese-language translation in Social Science Abroad, 2015.
    • Spanish language translation by Miguel de Punoenrosto in Sin Permiso (July 2014) http://www.sinpermiso.info/textos/index.php?id=7154.
    • French Translation by Miguel de Puñoenrostro in Marx Nangara (February 2015).

     

  • Stagnation and Financialization

    Stagnation and Financialization

    “Stagnation and Financialization: The Nature of the Contradiction” [PDF] (coauthored with Fred Magdoff, Magdoff listed first) Monthly Review vol. 66, no. 1 (May 2014), pp. 1-24. DOI: 10.14452/MR-066-01-2014-05_1

    More than six years after the beginning of the Great Recession in the United States, and nearly five years since it was officially declared over in this country, the core economies of the capitalist world system remain crisis-ridden. The jobs lost in the downturn in the United States have not yet been fully recovered and the economy remains sluggish. In Europe the crisis has hardly abated at all and a number of the peripheral European Union countries are in what can only be called a depression—especially Greece, Spain, and Portugal. The last member of the triad of advanced capitalist centers, Japan, has gone through what have been called two “lost decades” of slow growth and deflation and is attempting once again to jump-start the economy through a combination of devaluation of the yen and deficit spending.

    Translations:
    • Chinese translation by Zhou Ying in Young China 6790 (June 2014).

     

  • The Plight of the U.S. Working Class

    The Plight of the U.S. Working Class

    “The Plight of the U.S. Working Class” [PDF], (coauthored with Fred Magdoff, Magdoff listed first), Monthly Review vol.65, no. 8 (January 2014), pp. 1-22. DOI: 10.14452/MR-065-08-2014-01_1

    Modern capitalism, sociologist Max Weber famously observed early in the twentieth century, is based on “the rational capitalistic organization of (formally) free labor.” But the “rationality” of the system in this sphere, as Weber was to acknowledge elsewhere, was so restrictive as to be in reality “irrational.” Despite its formal freedom, labor under capitalism was substantively unfree.… This was in accordance with the argument advanced in Karl Marx’s Capital. Since the vast majority of individuals in the capitalist system are divorced from the means of production they have no other way to survive but to sell their labor power to those who own these means, that is, the capitalist class.… The result is a strong tendency to the polarization of income and wealth in society. The more the social productivity of labor grows the more it serves to promote the wealth and power of private capital, while at the same time increasing the relative poverty and economic dependency of the workers.

     

  • Marx and the Rift in the Universal Metabolism of Nature

    Marx and the Rift in the Universal Metabolism of Nature

    “Marx and the Rift in the Universal Metabolism of Nature,” [PDF], Monthly Review, vol. 65, no. 7 (December 2013), pp. 1-19. DOI: 10.14452/MR-065-07-2013-11_1

    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 between natural and social science, and allowing us to perceive the concrete ways in which the contradictions of capital accumulation are generating ecological crises and catastrophes.… Yet, this recovery of Marx’s ecological argument has given rise to further questions and criticisms.

    Translations:

     

  • 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)