The U.S. Economy and China: Capitalism, Class, and Crisis Martin Hart-Landsberg #Both transnational capital and elites in China have greatly benefited from the operation of this system,Chinese workers have paid a high cost; in fact, Chinese workers experience many of the same negative consequences from its operation as do workers in the United States. #Both [...]

The Battlefields Chosen by Contemporary Imperialism: Conditions for an Effective Response from the South by Samir Amin Part 2 The Second Wave of Peoples’ Emancipation: Will It Be a Remake of the 20th Century or Something Better? The contemporary world is governed by oligarchies.  There are financial oligarchies in the United States, Europe, and Japan [...]

The Battlefields Chosen by Contemporary Imperialism: Conditions for an Effective Response from the South by Samir Amin Part 1 In the art of war, each belligerent chooses the terrain considered most advantageous for its battle for the offensive and tries to impose that terrain on its adversary, so that it is put on the defensive.  [...]

’21st century socialism should be socialism for human development’ By Michael Lebowitz 23 May 2009 Michael Lebowitz is a Canadian Marxist economist. He is the director of the “Transformative practice and human development” program at the Caracas-based left-wing think tank, the Centro Internacional Miranda. He is professor emeritus of economics at Simon Fraser University and [...]

In the Eye of the Storm: Updating the Economics of Global Turbulence, an Introduction to Robert Brenner’s Update R. Taggart Murphy Introduction Out in the academic cemetery to which avatars of market fundamentalism thought they had consigned their intellectual and political opponents, one can hear today the unmistakable scrape of coffin lids opening. And climbing [...]

Traumatized workers + indebted consumers – > real subsumption of labor by finance – > ‘full underemployment’ of a precariously flexible workforce 1. Monopoly capital and stagnation: the condition for the new forms of financial growth: Magdoff-Sweezy and Minsky In the late 1970s a slim book was published containing the essays by Harry Magdoff and Paul [...]