With Donald Trump soon to be exiled from the White House, four years of speculation about the precise degree of departure from the normal course of American imperial management is about to be put to the test. Any path forward will be a consequence of the trends, processes and trajectories that were set in motion at the end of WWII. These were given new meaning by the capitalist revolution (neoliberalism) of the 1970s. Two years ago various United Nations environmental committees began to issue warnings that unless dramatic changes are made, the planet will soon be uninhabitable. The question: will it be political leaders or capital that stands in the way? More
No matter who “won” the U.S. election, what will not change is the capitalist organization of the country’s economy. The great majority of enterprises will continue to be owned and operated by a small minority of Americans. They will continue to use their positions atop the capitalist system to expand their wealth, “economize their labor costs,” and thereby deepen the United States’ inequalities of wealth and income. More
Kim Stanley Robinson is the author of more than twenty books, including New York 2140, Red Moon, and the Mars trilogy. He talked to Jacobin about his latest work, his vision of socialism, and why we must fight to imagine the end of capitalism rather than the end of the world.
Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently published an article in the widely read and influential capitalist source, Foreign Affairs, entitled ‘The Pandemic Depression’. Arguing primarily from a global perspective, the economists have concluded the More
An explosion at the Port of Beirut has devastated the city, killing more than 130 people and wounding thousands more. It is an enormous tragedy; a huge blow to a population already reeling from economic, political and health crises. Corruption and incompetence are to blame, but the truth is more pernicious. The Lebanese events are another indictment on the barbaric capitalist system, which cannot meet the most basic needs of the people who are trapped within it.
The COVID-19 pandemic has upended our world. It has laid bare the inequity, the limits, and the failures of capitalism. The door to a better future beyond capitalism, already cracked open by the Great Recession, has been pushed open a little wider.
Capitalism generating postcapitalism April 30th, 2018 It is very hard for some, especially after so much Fukuyama propaganda, to snap out of the fixation on the inevitability of capitalism, but all…