economics

[For more articles by or about Michael Lebowitz, click HERE.]

By Michael A. Lebowitz, Ljubljana

May 4, 2013 -- Links International Journal of Socialist Renewal -- If we don't understand a system as it is fully developed [its "being"] and thus its critical characteristics, we cannot investigate the "becoming" of those characteristics.

This is why Marx discussed primitive (or original) accumulation of capital only at the end of volume 1 of Capital. Exclusive focus upon the emergence of the new elements, however, is not real history. "Becoming" is two sided: it is both a coming into being and a passing away. The concept of primitive accumulation explores only the former; it considers the new being born but not the old struggling to remain alive. It is, in short, one-sided. Not only does it fail to explore on its own the struggle of the old for its reproduction but it also does not consider the interaction, the morbid symptoms and dysfunction when two sets of productive relations are engaged in contested reproduction with respect to their control of the elements of production.

By Michael A. Lebowitz

By Patrick Bond

January 1, 2013 – Links International Journal of Socialist Renewal

Either:

1) Africa owes its takeoff to a variety of accelerators, nearly all of them external and occurring in the past 10 years:

• billions of dollars in aid, especially to fight HIV/AIDS and malaria;

• tens of billions of dollars in foreign-debt cancellations;

• a concurrent interest in Africa’s natural resources, led by China; and

• the rapid spread of mobile phones, from a few million in 2000 to more than 750 million today.

Business increasingly dominates foreign interest in Africa. Investment first outpaced aid in 2006 and now doubles it.

Or:

President Barack Obama bragged how he had saved the US auto industry by handing out billions in taxpayers’ money to the auto bosses, and even establishing what amounted to temporary federal ownership of the old General Motors plants when GM went bankrupt during the “Great Recession”.

By Sam Williams

December 23, 2012 -- A Critique of Crisis Theory, posted at Links International Journal of Socialist Journal with permission -- December 11, 2012, brought news of a major new attack on basic labour rights in the United States. The following day, the Federal Reserve [the US central bank] announced new inflationary measures designed to end the economic stagnation the US economy has been mired in since the “Great Recession” bottomed out in July 2009.

Protesters rally, coinciding with the 45th annual meeting of the board of governors of the Asian Development Bank. May 2, 2012, in Manila, Philippines.

By Reihana Mohideen

May 4, 2012 -- Socialist Feminist, posted at Links International Journal of Socialist Renewal with permission of the author -- The Asian Development Bank (ADB) has just held its annual board meeting in Manila, accompanied by much publicity and fanfare about "sustainable and socially inclusive development". A key framework document presented is entitled How Can Asia Respond to Global Economic Crisis and Transformation. The paper was prepared by a team of ADB technocrats and other leading gurus of neoliberal economic dogma, such as Jeffrey Sachs. There are some key underlying themes that ran through the document, reflected in the major conference sessions:

Wealth and poverty in India.

Introduction by Doug Lorimer

Susan George interviewed for the Transnational Insti

[Links International Journal

By John Rainford

December 3, 2011 – Links International Journal of Socialist Renewal -- In his survey of developments in Western Marxism from the time of the Russian Revolution, Perry Anderson sets out a number of questions for enquiry into the future of historical materialism. These questions, which range from the structure of bourgeois democracy and revolutionary strategy to the contemporary laws of motion of capitalism, are not directly taken up here. This paper focuses on how his precondition for their solution, “the rise of a mass revolutionary movement, free of organisational constraint, in the homelands of industrial capitalism”¹ might be realised.

Anderson notes that almost all of the theorists of historical materialism, beginning with Karl Marx and Frederick Engels, have been intellectuals from the “possessing classes” – and indeed of higher rather than lower bourgeois origin. Antonio Gramsci, with an exceptional background of poverty, was nevertheless born at some distance from the working class.² What follows is an attempt, in the Gramscian tradition, to test Anderson’s assertion that in the long run, the future of Marxist theory lies with theorists produced by the industrial working class.³