Monthly Review 2019-04-03T20:34:10-04:00 Monthly Review Archives Open Journal Systems <p>This site contains nearly all articles published in <em>Monthly Review</em> since its inception in May 1949. Current subscribers can access content free of charge. Learn more about <em>MR</em>&nbsp;<a title="Monthly Review" href="" target="_self">at the main website</a>.</p> Notes from the Editors, April 2019 2019-04-03T20:34:10-04:00 - The Editors <div class="buynow"><a title="Back issue of Monthly Review, April 2019 (Volume 70, Number 11)" href="">buy this issue</a></div> <p>In the midst of the U.S.-directed coup attempt against the Bolivarian Republic of Venezuela in January–February, Donald Trump delivered a number of verbal attacks on socialism in Venezuela, Cuba, and Nicaragua. The immediate object was to justify U.S. attempts to overthrow the Bolivarian Republic. The less immediate, but hardly less important, goal was to tarnish the growing social democratic (self-styled democratic socialist) movement in the United States, associated with figures like Bernie Sanders and Alexandria Ocasio-Cortez. In order to safeguard their ambitious social-reform program, the new coterie of Democratic Party socialists have thus sought to separate themselves from Venezuela and other Latin American socialist states, presumably abandoning these countries to their fates at the hands of U.S. imperialism. This raises the historic question of <em>social imperialism</em>—a policy of social reform at home and imperial hegemony abroad.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Searching for Alternatives in Eastern Europe 2019-04-03T20:33:51-04:00 Tamás Krausz Róbert Nárai <p>In the 1960s, György Lukács—under the slogan <em>Back to Marx!</em>—called for a "renaissance" of Marxism within Eastern Europe. To understand the nature of this renaissance, we have to understand the many important questions that the Hungarian uprising of 1956 raised for the anti-Stalinist left inside Hungary and Eastern Europe more broadly. This interview goes into the attempts to rethink the future of socialism from the Eastern European situation in the second half of the twentieth century, including the political lessons of 1968, the internal fight within the Hungarian Socialist Party, and the continued relevance of V. I. Lenin's Marxism.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Crisis Management in South Korea and the Hegemonic Strategy of the Chaebols 2019-04-03T20:33:32-04:00 Kyung-Pil Kim <p>In the Republic of Korea, <em>chaebols</em>—diversified and large-scale conglomerate forms of capital governed dynastically by an owner and the owner's family—have grown quickly, dominating the Korean market and substantially contributing to the Korean economy since their structuring in the 1970s. Some chaebol affiliates have grown into global economic powers within a mere thirty to forty years. However, the fast growth of the chaebols in Korea has also been associated with crises and in trying to manage these crises chaebols have not only changed the ways in which they accumulate capital, they have sought to establish hegemony over civil society.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Owning Financialization 2019-04-03T20:32:54-04:00 Michael Roberts <p>In the Notes from the Editors of the January 2019 issue of <em>Monthly Review</em>, the editors commented on a blog post by Michael Roberts on the term <em>financialization</em>. In the first part of this short exchange Roberts questions whether <em>financialization</em> is a meaningful and useful term, or simply a distraction from a comprehensive critique contemporary capitalism.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review The Critique of Financialization 2019-04-03T20:32:32-04:00 Editors - <p>There has been a tendency within liberal analysis of financialization to place an emphasis on the <em>trees</em>, that is, the various speculative mechanisms, rather than the <em>forest</em>, or the growth of finance in relation to production. The reason for this stress on the trees rather than the forest is that, in contemporary capitalist ideology, financialization cannot be brought seriously into question since it is part of the entire architecture of accumulation.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Germany's Hidden Social Crisis 2019-04-03T20:32:13-04:00 Victor Grossman <p>Germany is commonly perceived as a strong, dependable island amid a sea of gyrating European uncertainties, a down-to-earth, dependable ally in attempts by the better U.S. presidents to move the world forward as steadily as possible. For the past thirteen years, this view has been personified in the clear, undramatic words and deeds of Angela Merkel, Chancellor of Germany since 2005. Considerable doubts in this appraisal, with evidence that Germany, like every other country, has never been a monolith free of class conflict and other contradictions, are addressed in Oliver Nachtwey's <em>Germany's Hidden Crisis: Social Decline in the Heart of Europe</em>, out now from Verso Books. In describing West German, then all-German, developments from the end of the Second World War until the present, Nachtwey analyzes from the left, unafraid to utilize the ideas of Karl Marx as well as a host of more recent analysts of many shades.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Read Revolting Prostitutes 2019-04-03T20:31:52-04:00 Brit Schulte <p><em>Revolting Prostitutes</em> reminds readers that this struggle is at once bigger than any one sex worker's immediate needs, but also must be precisely driven by these day-to-day needs. While this might at first seem contradictory, the book emphasizes how the collective workforce is constituted by individual workers with varied experiences, all of which are unique and valid. Narrative matters and, with <em>Revolting Prostitutes</em>, we are gifted one shaped by nuanced, considerate, care-informed members of the impacted working community.</p> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review The Debs Way 2019-04-03T20:33:13-04:00 Leo Huberman <div class="ed-auth-intro">This reprise of "The Debs Way"—the text of an address Huberman delivered at the Debs Centennial Meeting held at the Fraternal Clubhouse in New York City on November 28, 1955—not only reminds us of the importance of Eugene Debs to the history of socialism in the United States, but also brings out some of the core beliefs of Huberman's own approach to socialism. Today's conditions are of course vastly different from when Huberman wrote this, more than sixty years ago. There is now a resurgence of the left in the United States, but the basic principles that Huberman derived from Debs remain relevant.</div> 2019-04-01T00:00:00-04:00 Copyright (c) 2019 Monthly Review Notes from the Editors, March 2019 2019-04-02T20:30:23-04:00 - The Editors <div class="buynow"><a title="Back issue of Monthly Review, March 2019 (Volume 70, Number 10)" href="">buy this issue</a></div> <p>The present ongoing coup attempt organized in Washington is simply the latest in a series of such attempts by the U.S. government to overthrow the Bolivarian Republic of Venezuela over the last two decades. It can be seen as having three interrelated motives: (1) the destruction of Venezuelan socialism, (2) regaining control of Venezuela's oil (the largest petroleum reserves in the world), and (3) reasserting U.S. hegemony over Latin America.</p> 2019-03-05T11:49:22-05:00 Copyright (c) 2019 Monthly Review Global Commodity Chains and the New Imperialism 2019-04-02T20:31:41-04:00 Intan Suwandi R Jamil Jonna John Bellamy Foster <p>To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today's global monopolies in the center of the world economy have captured value generated by labor in the periphery within a process of unequal exchange, thus getting "more labour in exchange for less. The result has been to change the global structure of industrial production while maintaining and often intensifying the global structure of exploitation and value transfer.</p> 2019-03-05T00:00:00-05:00 Copyright (c) 2019 Monthly Review