by Sanjay Perera
From the perspective of the Kantian critique the problem with the synthetic idea of general equilibrium is that it fast becomes a transcendent one. Continue reading A critique of Capital (2): The metaphysics of economics
by Sanjay Perera
In the introductory lines of a textbook on economics are these words: “Are Marxists correct in arguing that only vast expenditure on arms saves the capitalist countries from a return of mass unemployment? Or have we now learned…how to avoid forever such devastating situations? Why, then, in the late 1970s, did unemployment in Britain, the United States and several other countries reach the highest levels ever attained since the Great Depression of the 1930s?” Continue reading A critique of Capital (1): The problem with economics
by P.J. Laska The first item of interest for any inquest concerning the status of postmodernism will surely be the fact of continuing post-mortem activity of the sort Dostoevsky described in his grotesque tale “Bobok :” “Prodolzhayetsya zhizn’ kak by po inertsii” [The (conscious) life of (the recently deceased) continues as if by inertia]—a phenomenon D. H. Lawrence commented on later in his Studies in Classic American Literature: “Post mortem effects. Ghosts. A certain ghoulish insistency.” A contemporary example of this phenomenon was voiced recently by Paul Krugman: “America’s political landscape is infested with many zombie ideas—beliefs about policy that … Continue reading Beyond the postmodern “moment”: Utopianism, aestheticism, and the avant-garde
by John Bellamy Foster and Brett Clark Capitalism today is caught in a seemingly endless crisis, with economic stagnation and upheaval circling the globe.1 But while the world has been fixated on the economic problem, global environmental conditions have been rapidly worsening, confronting humanity with its ultimate crisis: one of long-term survival. The common source of both of these crises resides in the process of capital accumulation. Likewise the common solution is to be sought in a “revolutionary reconstitution of society at large,” going beyond the regime of capital.2 It is still possible for humanity to avert what economist Robert … Continue reading The planetary emergency
by Sanjay Perera
We are living in a time when the world is seeing the full effects of the economic violence of capitalism on all life forms and the planet itself. The violent process of capitalism is one of extraction and exploitation as it operates in a framework of polarity that exacerbates the difference between taking and giving, storing and sharing, and the separation between the ‘haves’ and ‘have-nots’. Continue reading The economy of violence: Waste, expenditure and surplus
by Paresh Chattopadhyay In the eyes of a considerable section of the Left the Bolshevik seizure of power signalled the victory of socialist revolution leading to the establishment of socialism in Russia and setting the stage for a number of such seizures of power by the communist parties in the different parts of the world — China, Vietnam, Cuba, etc, though the latter events were considered not quite as socialist revolution, but as democratic revolution preparing the way towards socialism. Nevertheless, the regimes that ultimately resulted in all these lands have also been considered as socialist. In this paper we … Continue reading Illusion of the epoch: Twentieth century socialism
by P. J. Laska Given the emphasis on imposing hegemony by military means, it is a splendid irony that ‘American Way of Life’ should share its acronym (AWOL) with the military term “Absent Without Leave.” — http://www.laetusinpraesens.org Ronald Reagan in the famous “Morning-in-America” speech that was part of his 1984 re-election campaign took credit for the improvement of the economy since his election in 1980. By 1983 the inflationary spiral of the 70’s had been brought under control by Federal Reserve chairman Paul Volker, who was originally appointed by Carter and then reappointed by Reagan in 1983. Reagan could also … Continue reading Nightfall: Dimming of the dream and search for an alternative
by Sanjay Perera [This essay is dedicated to those men and women in Singapore who were unjustly detained without trial under the Internal Security Act which has yet to be abolished.] At the risk of seeming ridiculous, let me say … Continue reading Revolutionary constructivism
by Chris Cutrone If the Bolshevik Revolution is — as some people have called it — the most significant political event of the 20th century, then Lenin must for good or ill be considered the century’s most significant political leader. Not only in the scholarly circles of the former Soviet Union, but even among many non-Communist scholars, he has been regarded as both the greatest revolutionary leader and revolutionary statesman in history, as well as the greatest revolutionary thinker since Marx. — Encyclopedia Britannica 2011 — year of revolution? [1] Time magazine nominated “the protester,” from the Arab Spring to … Continue reading The relevance of Lenin today
by Gavin Kitching The central argument of this article[1] is that humankind is now creating collective action[2] problems of such enormous complexity and scale that it is very difficult for individual people, on the basis of their ordinary everyday experience alone, to even grasp them as problems, let alone see how to solve them. Such problems include: chronic global economic instability, anthropogenic global warming and climate change, increasingly ineffective governments, traffic jams, and rising health care costs. All of these problems are ‘mass’ or ‘collective’ outcomes of individual actions, actions motivated by intentions quite different from those outcomes. In other … Continue reading Capitalism and the problem of collective action
Philosophers for Change 