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, […]
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Marx and the Rift in the Universal Metabolism of Nature
By John Bellamy Foster on December 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
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 […]
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 […]
The Cultural Apparatus of Monopoly Capital
By John Bellamy Foster on August 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
The past half-century has been dominated by the rise of media to a commanding position in the social life of most people and nations, to the point where it is banal to regard this as the “information age.”
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 […]
Class War and Labor’s Declining Share
By John Bellamy Foster on March 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
Given [the] background of high unemployment, lower-wage jobs, and smaller portions of the pie going to workers, it should come as no surprise that, according to the U.S. Census Bureau, nearly 50 million people in the United States live in poverty (with income in 2011 below $23,021 for a family of four) while another 50 […]
James Hansen and the Climate-Change Exit Strategy
By John Bellamy Foster on February 1, 2013 in Articles, Other Major Scholarly Journal Articles, Translated
The world at present is fast approaching a climate cliff. Science tells us that an increase in global average temperature of 2°C (3.6° F) constitutes the planetary tipping point with respect to climate change, leading to irreversible changes beyond human control. A 2°C rise is sufficient to melt a significant portion of the world’s ice […]
The Endless Crisis
By John Bellamy Foster on May 1, 2012 in Articles, Other Major Scholarly Journal Articles, Translated
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 […]
Capitalism and the Accumulation of Catastrophe
By John Bellamy Foster on December 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
Over the next few decades we are facing the possibility, indeed the probability, of global catastrophe on a level unprecedented in human history. The message of science is clear. As James Hansen, the foremost climate scientist in the United States, has warned, this may be “our last chance to save humanity.” In order to understand […]
The Ecology of Marxian Political Economy
By John Bellamy Foster on September 1, 2011 in Articles, Other Major Scholarly Journal Articles, Translated
It is no secret today that we are facing a planetary environmental emergency, endangering most species on the planet, including our own, and that this impending catastrophe has its roots in the capitalist economic system. Nevertheless, the extreme dangers that capitalism inherently poses to the environment are often inadequately understood, giving rise to the belief […]
