One of the most fundamental aspects of society is its economics system, i.e. the mode of production. At the basic level, a mode of production is the means (physical objects) and social relations with which societies produce the material necessities for their existence. All societies must be sustained with food, clean water, shelter, etc. Attaining […]

Marx defined productive labor as that which produces surplus value. Under these conditions, laborers whose work does not produce surplus value for a capitalist are not exploited in any technical sense. Not so much Marx’s error, but that of whose who claim his legacy, is to conflate the realization of value with the production of […]

The July-August 2012 issue of Monthly Review Magazine featured a missing chapter from the book Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966 by Monthly Review Press. The book was published following the death of Paul Baran in 1964, whom along with co-author Paul Sweezy spent over two years of […]

Immanuel Wallerstein, speaking in the video at the Progress Paradox Conference, is a founder of the ‘world-systems analysis’ school of thought. World-systems analysis is an attempt to offer a historical materialist summary of the 20th century and highlight potential possibilities for future revolutionary struggle. Wallerstein’s recent text, World-Systems Analysis: An Introduction, will be part of […]