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Monthly Review Volume 70, Number 1 (May 2018)

May 2018 (Volume 70, Number 1)

The neoliberal restructuring of U.S. higher education is widely recognized, but nonetheless treated superficially and piecemeal in most left analyses, with little critical understanding of its inner political-economic logic. It is here that American observers have the most to learn from their British counterparts. | more…

A spectre haunts capitalism

Marx’s Open-Ended Critique

Against attempts to characterize Marx as a dogmatic and deterministic thinker, it is precisely the open-endedness of his criticism that accounts for historical materialism’s staying power. This openness has allowed Marxism to continually reinvent itself, expanding its empirical and theoretical content and embracing ever larger aspects of historical reality. | more…

Romans during the Decadence

Revolution or Decadence?

Thoughts on the Transition between Modes of Production on the Occasion of the Marx Bicentennial

Revolution is still on the agenda for the global periphery. Restorations in the course of socialist transition are not irrevocable—and in the weak links of the center, breaks in the imperialist front are not inconceivable. | more…

New this week!
Smoke stacks

The Physics of Capitalism

Human economies are complex biophysical systems. By exploring some fundamental concepts in physics, we can develop a better understanding of the ways that the energy-intensive activities of capitalism are changing humanity and the planet. | more…

Black protest in Krakow

Behind the ‘Black Protests’

The Struggle for Abortion Rights in Poland

This article will be made available online on May 28.

In October 2016, cities across Poland were seized by massive demonstrations against proposals for a total ban on abortion. Whatever their ultimate outcome, the protests prove that mass mobilizations are possible in today’s Poland, and that the right’s political and cultural hegemony may yet be more fragile than it appears. | more…

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Members of the American Brigade, Spain, 1937

Two Lives on the Left

This article will be made available online on May 28.

Jane Lazare has written a fascinating, intensely personal book about history, family, and the Communist Party in the United States. She knows this story well: her father was an active Communist organizer, and the memoir recounts his life and hers, and the connections between them. | more…

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Slave ship diagram

The Apocalypse of Settler Colonialism

From the sixteenth through the nineteenth centuries, millions of Africans and Native Americans were enslaved and traded by European settlers in the Americas. This story of slavery, colonialism, and emerging capitalism—and their handmaiden, white supremacy—is integral to that of modernity itself. | more…

Protest against worker precariousness

The New Service Proletariat

From call centers to fast-food restaurants, the future of service work is one of precarious employment, with no stable schedules, wages, benefits, or union representation. Should these workers be considered part of a new service proletariat, or treated as a new class altogether, the “precariat”? | more…

Section of the Diego Rivera's mural "From the conquest to 1930" focusing on Marx and the class struggle

The Multiple Meanings of Marx’s Value Theory

The Marxian critique of political economy is inseparable from the “labor theory of value.” But what exactly does this theory mean? This article considers Marx’s value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises. | more…