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…
Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx’s theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. | more…
The liberation struggles of peoples in the global South have been and still are closely linked with the challenge to capitalism. Indeed, the conflicts between capitalism and socialism and between North and South are inseparable. No socialism is imaginable outside of universalism, which implies the equality of peoples. | more…
Samir Amin has undertaken an ambitious task: nothing less than an analysis of the process of capital accumulation on a global level. Drawing on a wide range of empirical material from Africa and the Middle East, Amin attempts to demonstrate, through a critique of writings on “underdevelopment,” how accumulation in advanced capitalist countries prevents development, however that may be defined, within the peripheral social formations, usually referred to as “underdeveloped” countries. Samir Amin ranks among those who realize the necessity not merely to comprehend the growing crisis of world capitalism, as it manifests itself within individual nation states, but also at the world level. | more…
The political chaos that has recently dominated the scene in the Middle East is expressed, among other ways, by the violent resurgence of the Kurdish question. How can we analyze, in these new conditions, the scope of the claims of the Kurds—autonomy, independence, unity? And can we deduce from analysis that this claim must be supported by all democratic and progressive forces, in the region and in the world?… Debates on the subject produce great confusion. This is because most contemporary actors and observers rally around a non-historical vision of this and related issues.… I will offer a counterpoint to this transhistorical vision of social issues and “rights,” through which the social movements of the past and present express their demands. In particular, I will attribute paramount importance to the divide that separates the thriving of the modern capitalist world from past worlds. | more…
Out of early twentieth-century Russia came the world’s first significant effort to build a modern revolutionary society. According to Marxist economist Samir Amin, the great upheaval that once produced the Soviet Union also produced a movement away from capitalism—a long transition that continues today. In seven concise, provocative chapters, Amin deftly examines the trajectory of Russian capitalism, the Bolshevik Revolution, the collapse of the Soviet Union, the possible future of Russia—and, by extension, the future of socialism itself. | more…
Marx’s Capital presents a rigorous scientific analysis of the capitalist mode of production and capitalist society, and how they differ from earlier forms. Volume 1 delves into the heart of the problem. It directly clarifies the meaning of the generalization of commodity exchanges between private property owners (and this characteristic is unique to the modern world of capitalism, even if commodity exchanges had existed earlier), specifically the emergence and dominance of value and abstract social labor.… Volume 2 demonstrates why and how capital accumulation functions, more specifically, why and how accumulation successfully integrates the exploitation of labor in its reproduction and overcomes the effects of the social contradiction that it represents.… Volume 3 of Capital is different. Here Marx moves from the analysis of capitalism in its fundamental aspects (its “ideal average”) to that of the historical reality of capitalism.… To move from the reading of Capital (and particularly of volumes 1 and 2) to that of historical capitalisms at successive moments of their deployment has its own requirements, even beyond reading all of Marx and Engels. | more…
According to renowned Marxist economist Samir Amin, the recent Arab Spring uprisings comprise an integral part of a massive “second awakening” of the Global South. From the self-immolation in December 2010 of a Tunisian street vendor, to the consequent outcries in Cairo’s Tahrir Square against poverty and corruption, to the ongoing upheavals across the Middle East and Northern Africa, the Arab world is shaping what may become of Western imperialism—an already tottering and overextended system.
The Reawakening of the Arab World—an updated and expanded version of Amin’s The People’s Spring, first published in 2012 by Pambazuka Press—examines the complex interplay of nations regarding the Arab Spring and its continuing, turbulent seasons. Beginning with Amin’s compelling interpretation of the 2011 popular Arab explosions, the book is comprised of five chapters—including a new chapter analyzing U.S. geo-strategy. Samir Amin sees the United States, in an increasingly multi-polar world, as a victim of overreach, caught in its own web of attempts to contain the challenge of China, while confronting the staying power of nations such as Syria and Iran. The growing, deeply-felt need of the Arab people for independent, popular democracy is the cause of their awakening, says Amin. It this awakening to democracy that the United States fears most, since real self-government by independent nations would necessarily mean the end of U.S. empire, and the economic liberalism that has kept it in place. The way forward for the Arab world, Amin argues, is to take on, not just Western imperialism, but also capitalism itself. | more…
Lenin, Bukharin, Stalin, and Trotsky in Russia, as well as Mao, Zhou Enlai, and Den Xiaoping in China, shaped the history of the two great revolutions of the twentieth century. As leaders of revolutionary communist parties and then later as leaders of revolutionary states, they were confronted with the problems faced by a triumphant revolution in countries of peripheral capitalism and forced to “revise”…the theses inherited from the historical Marxism of the Second International.… With the benefit of hindsight, I will indicate here the limitations of their analyses. Lenin and Bukharin considered imperialism to be a new stage (“the highest”) of capitalism associated with the development of monopolies. I question this thesis and contend that historical capitalism has always been imperialist, in the sense that it has led to a polarization between centers and peripheries since its origin (the sixteenth century), which has only increased over the course of its later globalized development. | more…
1. Let me begin by saying that I have read Steve Keen’s book Debunking Economics (L’imposture économique) with the greatest pleasure and, moreover, that I learned a great deal from it. I have never read anything quite so convincing on the absurdity, the absence of
The media compelled all of us to follow closely both the Scottish referendum of September 2014 and the conflict between Russia and Ukraine that took on increased momentum starting in spring 2014. We all heard two opposing stories: the unity of Great Britain must be protected in the interest of the English and Scottish people. Moreover, the Scots freely chose, through a democratic vote, to remain in the Union. In contrast, we were told that the independence of Ukraine, freely chosen by the Ukrainian people, is being threatened by the Great Russian expansionist aims of the dictator Putin. Let us look at these facts that were presented to us as incontrovertibly obvious for a good-faith observer. | more…