Marxist theory
Currency wars and the privilege of empire
By Paul Kellogg
October 23, 2010 -- PolEconAnalysis -- In uncertain times, the headline was soothing: "Secretary Geithner vows not to devalue dollar".[1] United States Secretary of the Treasury Timothy Geithner was saying, in other words, that if there were to be "currency wars" -- competitive devaluations by major economies in attempts to gain trade advantage with their rivals -- the United States would not be to blame. Who, then, would be the villain? China, of course.
Earlier this year, Democratic Party congressman Tim Murphy sponsored a bill authorising the United States to impose duties on Chinese imports, made too inexpensive (according to Murphy and most other commentators) by an artificially devalued Chinese currency. "It's time to deliver a strong message to Beijing on behalf of American manufacturing: Congress will do whatever it takes to protect American jobs."[2]
October 20, 2010 -- Links International Journal of Socialist Renewal, with the permission of Monthly Review Press, is excited to offer its readers an excerpt from the The Ecological Rift: Capitalism’s War on the Earth, an important new book by John Bellamy Foster, Brett Clark and Richard York. Links' readers are urged to purchase the book. Please click here to order your copy. You can download (in PDF) the chapter, "The ecology of consumption", below the following introduction, or read it on screen.
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Australia: A response to Socialist Alternative on the Greens and class
Greens' leader Senator Bob Brown addresses a rally demanding action on climate change.
Alex Callinicos on imperialism, two reviews
Review by Barry Healy
Imperialism and Global Political Economy
By Alex Callinicos
Polity, 2009
227 pages
October 2, 2010 -- The topic of “imperialism” greatly occupied the minds of late-19th and early-20th century socialists. Some of the tradition’s greatest minds toiled mightily to discern the fundamental changes in capitalism that were occurring before their eyes.
Capitalism, as analysed by Karl Marx, had grown fat in its European heartland through the ruthless exploitation of colonies and the brutal factory system in its coal dark cities. But suddenly new phenomena started to appear in the late 1800s.
Banking capital moved from being a support for industrial capital, first merging into and then dominating manufacturing. This agglomeration of money power created massive industrial complexes, like Germany’s famous Krupps steelworks.
The colossal scale of these industrial works dwarfed human beings.
[This is the slightly edited text of a talk presented to the Democratic Socialist Perspective and Resistance educational conference in Sydney in January 2002. Dave Holmes is now a leader of the Socialist Alliance in Melbourne. This and other writings are also available at Dave Holmes' blog, Arguing for Socialism.]
By Dave Holmes
I'd like to begin with a juxtaposition of two events — one which took place relatively recently and the other a long time before.
Michael Lebowitz on the socialist alternative and real human development
Prof. Michael Lebowitz on the socialist alternative from Dangerous Minds at Vimeo.
August 30, 2010 -- Michael Lebowitz is a Canadian Marxist economist. He is the director of the “Transformative practice and human development” program at the Venezuela-based left-wing think tank, the Centro Internacional Miranda. He is professor emeritus of economics at Simon Fraser University and author of Build it Now: 21st Century Socialism and the 2004 Isaac Deutscher-prize winning Beyond Capital: Marx's Political Economy of the Working Class. His latest book is The Socialist Alternative: Real Human Development.
Karl Polanyi provides `a vital intellectual resource' for ecosocialists
To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society. For the alleged commodity "labor power" cannot be shoved about, used indiscriminately, or even left unused, without affecting also the human individual who happens to be the bearer of this peculiar commodity. In disposing of a man's labor power the system would, incidentally, dispose of the physical, psychological, and moral entity "man" attached to that tag. Robbed of the protective covering of cultural institutions, human beings would perish from the effects of social exposure; they would die as the victims of acute social dislocation through vice, perversion, crime, and starvation. Nature would be reduced to its elements, neighborhoods and landscapes defiled, rivers polluted, military safety jeopardized, the power to produce food and raw materials destroyed -- from Karl Polanyi's The Great Transformation (1944)
The dissemination and reception of the `Grundrisse' -- a contribution to the history of Marxism
[The following article is a chapter from Karl Marx’s Grundrisse: Foundations of the critique of political economy 150 years later, edited by Marcello Musto. Published by Routledge, the paperback edition is just out. It is posted at Links International Journal of Socialist Renewal with the author's permission. Marcello Musto teaches at the Department of Political Science at York University, Toronto Canada. Fpr more details about the book and how to order, click HERE.
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By Marcello Musto[1]
Market greed or a planned economy for human need?
By Dave Holmes
[This is the text of a talk given as part of Melbourne Socialist Alliance’s Socialist Ideas Seminar series on July 28, 2010.]
Is `de-growth' compatible with capitalism?
By Alejandro Nadal
July 15, 2010 -- TripleCrisis -- A serious campaign in favour of “de-growth” has been going on for some time and has made important contributions. This movement has opened new avenues for debate and analysis on technology, credit, education and other important areas. It’s an effort that needs support and attention, and we must applaud their initiators and promoters for their boldness and dedication.