<p><b>The Unknown Cultural Revolution</b> challenges the established narrative of China's Cultural Revolution, which assumes that this period of great social upheaval led to economic disaster, the persecution of intellectuals, and senseless violence. Dongping Han offers a powerful account of the dramatic improvements in the living conditions, infrastructure, and agricultural practices of China's rural population that emerged in this period. Drawing on extensive local interviews and records in rural Jimo County, in Shandong Province, Han shows that the Cultural Revolution helped overthrow local hierarchies, establish participatory democracy and economic planning in the communes, and expand education and public services, especially for the elderly. Han lucidly illustrates how these changes fostered dramatic economic development in rural China.</p> <p><b>The Unknown Revolution</b> documents a neglected side of China's Cultural Revolution, demonstrating the potential of mass education and empowerment for radical political and economic transformation. It is a bold and provocative work, which demands the attention not only of students of contemporary Chinese history but of all who are concerned with poverty and inequality in the world today.</p>
<p>Capital, as Marx once wrote, comes into the world "dripping from head to foot, from every pore, with blood and dirt." He might well have been describing the long, grim history of rubber. From the early stages of primitive accumulation to the heights of the industrial revolution and beyond, rubber is one of a handful of commodities that has played a crucial role in shaping the modern world, and yet, as John Tully shows in this remarkable book, laboring people around the globe have every reason to regard it as "the devil's milk." All the advancements made possible by rubber--industrial machinery, telegraph technology, medical equipment, countless consumer goods--have occurred against a backdrop of seemingly endless exploitation, conquest, slavery, and war. But Tully is quick to remind us that the vast terrain of rubber production has always been a site of struggle, and that the oppressed who toil closest to "the devil's milk" in all its forms have never accepted their immiseration without a fight.</p> <p>This book, the product of exhaustive scholarship carried out in many countries and several continents, is destined to become a classic.Tully tells the story of humanity's long encounter with rubber in a kaleidoscopic narrative that regards little as outside its rangewithout losing sight of the commodity in question. With the skill of a master historian and the elegance of a novelist, he presents what amounts to a history of the modern world told through the multiple lives of rubber.</p>
<p>In this provocative study, economist Ernesto Screpanti argues that imperialism--far from disappearing or mutating into a benign "globalization"--has in fact entered a new phase, which he terms "global imperialism." This is a phase defined by multinational firms cut loose from the nation-state framework and free to chase profits over the entire surface of the globe. No longer dependent on nation-states for building a political consensus that accommodates capital accumulation, these firms seek to bend governments to their will and destroy barriers to the free movement of capital. And while military force continues to play an important role in imperial strategy, it is the discipline of the global market that keeps workers in check by pitting them against each other no matter what their national origin. This is a world in which the so-called "labor aristocracies" of the rich nations are demolished, the power of states to enforce checks on capital is sapped, and global firms are free to pursue their monomaniacal quest for profits unfettered by national allegiance.</p> <p>Screpanti delves into the inner workings of global imperialism, explaining how it is different from past forms of imperialism, how the global distribution of wages is changing, and why multinational firms have strained to break free of national markets. He sees global imperialism as a developing process, one with no certain outcome. But one thing is clear: when economic crises become opportunities to discipline workers, and when economic policies are imposed through increasingly authoritarian measures, the vision of a democratic and humane world is what is ultimately at stake.</p>
<strong>The rich correspondence that preceded the publication of <em>Monopoly Capital</em> <br /></strong> <br />Paul A. Baran and Paul M. Sweezy were two of the leading Marxist economists of the twentieth century. Their seminal work, <em>Monopoly Capital: An Essay on the American Economic and Social Order</em>, published in 1966, two years after Baran's death, was in many respects the culmination of fifteen years of correspondence between the two, from 1949 to 1964. During those years, Baran, a professor of economics at Stanford, and Sweezy, a former professor of economics at Harvard, then co-editing <em>Monthly Review</em> in New York City, were separated by three thousand miles. Their intellectual collaboration required that they write letters to one another frequently and, in the years closer to 1964, almost daily. Their surviving correspondence consists of some one thousand letters. <br /> <br />The letters selected for this volume illuminate not only the development of the political economy that was to form the basis of <em>Monopoly Capital</em>, but also the historical context--the McCarthy Era, the Cold War, the Cuban Missile Crisis--in which these thinkers were forced to struggle. Not since Marx and Engels carried on their epistolary correspondence has there has been a collection of letters offering such a detailed look at the making of a prescient critique of political economy--and at the historical conditions from which that critique was formed.
In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, infl uenced generations of radical and heterodox economists. They recognized that Marx's work was unfi nished and itself historically conditioned, and that any attempt to understand capitalism as an evolving phenomenon needed to take changing conditions into account. Having observed the rise of giant monopolistic (or oligopolistic) fi rms in the twentieth century, they put monopoly capital at the center of their analysis, arguing that the rising surplus such fi rms accumulated--as a result of their pricing power, massive sales efforts, and other factors--could not be profi tably invested back into the economy. Absent any "epoch making innovations" like the automobile or vast new increases in military spending, the result was a general trend toward economic stagnation--a condition that persists, and is increasingly apparent, to this day. Their analysis was also extended to issues of imperialism, or "accumulation on a world scale," overlapping with the path-breaking work of Samir Amin in particular. John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy's Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered "lost" chapters from Monopoly Capital and correspondence between Baran and Sweezy. It also discusses Magdoff and Sweezy's analysis of the fi nancialization of the economy in the 1970s, '80s, and '90s, leading up to the Great Financial Crisis of the opening decade of this century. Foster presents and develops the main arguments of monopoly capital theory, examining its key exponents, and addressing its critics in a way that is thoughtful but rigorous, suspicious of dogma but adamant that the deep-seated problems of today's monopoly-fi nance capitalism can only truly be solved in the process of overcoming the system itself.