The present as history: Thoughts on capitalism at the millennium

Monthly Review

Volumn 51, Issue 3, 1999, Pages 134-145

  McNally, David ^a  

^a NONE

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[No Author keywords available]

Indexed keywords

EID: 0010795539     PISSN: 00270520     EISSN: None     Source Type: Journal    
DOI: 10.14452/MR-051-03-1999-07_9     Document Type: Review

References (27)

1. Keith H. Hammonds, "The Optimists Have it Right," Business Week, August 31, 1998, p. 146.
2. Sigmund Freud, "Five Lectures on Psychoanalysis" in Two Short Accounts of Psychoanalysis (Harmondsworth: Penguin Books, 1991), p. 43. A quite useful Marxian introduction to psychoanalysis remains Paul Baran "Marxism and Psychoanalysis" in his The Longer View: Essays Toward A Critique of Political Economy, ed. John O'Neill (New York: Monthly Review Press, 1969).
3. Sigmund Freud, "Five Lectures on Psychoanalysis" in Two Short Accounts of Psychoanalysis (Harmondsworth: Penguin Books, 1991), p. 43. A quite useful Marxian introduction to psychoanalysis remains Paul Baran "Marxism and Psychoanalysis" in his The Longer View: Essays Toward A Critique of Political Economy, ed. John O'Neill (New York: Monthly Review Press, 1969).
4. Karl Marx, The Poverty of Philosophy (New York: International Publishers, 1963), p. 121.
5. Karl Marx, "Postface to the Second Edition," Capital, v. 1, trans. Ben Fowkes (Harmondswoth: Penguin Books, 1976), p. 103.
6. No one has insisted on this point so forcefully in recent years as Ellen Meiksins Wood. See, for example, her The Origin of Capitalism (New York: Monthly Review Press, 1999).
7. Georg Lukacs, History and Class Consciousness, trans. Rodney Livingstone (London: Merlin Books, 1971 ), p. 157. Paul Sweezy used this passage from Lukacs as the starting point for a collection of essays in the 1950s, The Present as History: Essays and Reviews on Capitalism and Socialism (New York: Monthly Review Press, 1953), from which I take the title for this piece.
8. Georg Lukacs, History and Class Consciousness, trans. Rodney Livingstone (London: Merlin Books, 1971 ), p. 157. Paul Sweezy used this passage from Lukacs as the starting point for a collection of essays in the 1950s, The Present as History: Essays and Reviews on Capitalism and Socialism (New York: Monthly Review Press, 1953), from which I take the title for this piece.
9. Data for 1961-1969 from Peter Brimelow, "Our underachieving economy," Forbes, October 7, 1996, pp. 120-21. These data differ slightly from those used by Doug Henwood above, but they map the same trends.
10. "Desperately seeking a perfect model," The Economist, April 10, 1999, pp. 67-69.
11. For a brief attempt to map these dynamics see my piece "Turbulence in the World Economy," Monthly Review, vol. 51, no. 2 (June 1999).
12. Financier Robert A. Johnson as quoted by William Greider, One World, Ready or Not: The Manic Logic of Global Capitalism (New York: Simon and Schuster, 1997), p. 24.
13. I first developed this argument in "Beyond Nationalism, Beyond Protectionism: Labour and the Canada-US Free Trade Agreement," Capital and Class 43 (Spring 1991), pp. 233-52.
14. Karl Marx, Grundrisse, trans. Martin Nicolaus (Harmondsworth: Penguin Books, 1973), p. 100.
15. Rosa Luxemburg, The Accumulation of Capital (New York: Monthly Review Press, 1968); V. I. Lenin, Imperialism, the Highest Stage of Capitalism (Peking: Foreign Languages Publishing House, 1970); Nikolai Bukharin, Imperialism and World Economy (New York: Monthly Review Press, 1973).
16. Rosa Luxemburg, The Accumulation of Capital (New York: Monthly Review Press, 1968); V. I. Lenin, Imperialism, the Highest Stage of Capitalism (Peking: Foreign Languages Publishing House, 1970); Nikolai Bukharin, Imperialism and World Economy (New York: Monthly Review Press, 1973).
17. Rosa Luxemburg, The Accumulation of Capital (New York: Monthly Review Press, 1968); V. I. Lenin, Imperialism, the Highest Stage of Capitalism (Peking: Foreign Languages Publishing House, 1970); Nikolai Bukharin, Imperialism and World Economy (New York: Monthly Review Press, 1973).
18. Martin Woolf, "The need to look long term," Financial Times, November 16, 1987.
19. Robert Zevin, "Are World Financial Markets More Open?" in Financial Openness and National Autonomy, eds. T. Banuri and J. Schor (Oxford: Oxford University Press, 1992), p. 52.
20. A point made by Robert Brenner, "The Economics of Global Turbulence," New Left Review 229 (May-June 1998), p. 91.
21. Andrew Glynn and Bob Sutcliffe, "Global but Leaderless? The New Capitalist World Order," Socialist Register 1992, figure 1; Keith Griffin and Azizur Rahman Khan, "Globalization and the Developing World: An Essay on the International Dimensions of Development in the Post-Cold War Era," Human Development Report Occasional Papers (New York: United Nations Development Program, 1992), p. 23.
22. Andrew Glynn and Bob Sutcliffe, "Global but Leaderless? The New Capitalist World Order," Socialist Register 1992, figure 1; Keith Griffin and Azizur Rahman Khan, "Globalization and the Developing World: An Essay on the International Dimensions of Development in the Post-Cold War Era," Human Development Report Occasional Papers (New York: United Nations Development Program, 1992), p. 23.
23. Doug Henwood, Wall Street, updated edn. (London: Verso, 1998), p. 110.
24. For my take on how these tendencies have played themselves out in one regional case see "Globalization on Trial: Crisis and Class Struggle in East Asia," Monthly Review, vol. 50, no. 4 (September 1998).
25. For discussion of the MST see Petras and Veltmeyer, and on Zimbabwe see Saul and Leys, both in this issue. On Mexico and the Intersindical see Richard Roman and Edur Velasco Arregui, "Worker Insurgency, Rural Revolt and the Crisis of the Mexican Regime" in Rising from the Ashes? Labor in the Age of "Global" Capitalism, eds. Ellen Meiksins Wood, Peter Meiksins, and Michael Yates (New York: Monthly Review Press, 1998), pp. 127-41; and for background on Indonesia and East Asia see McNally, "Globalization on Trial." The formation of the FNPBI is discussed by Max Lane, "Indonesia: National workers' organisation formed," Green Left Weekly, May 25, 1999.
26. For discussion of the MST see Petras and Veltmeyer, and on Zimbabwe see Saul and Leys, both in this issue. On Mexico and the Intersindical see Richard Roman and Edur Velasco Arregui, "Worker Insurgency, Rural Revolt and the Crisis of the Mexican Regime" in Rising from the Ashes? Labor in the Age of "Global" Capitalism, eds. Ellen Meiksins Wood, Peter Meiksins, and Michael Yates (New York: Monthly Review Press, 1998), pp. 127-41; and for background on Indonesia and East Asia see McNally, "Globalization on Trial." The formation of the FNPBI is discussed by Max Lane, "Indonesia: National workers' organisation formed," Green Left Weekly, May 25, 1999.
27. For discussion of the MST see Petras and Veltmeyer, and on Zimbabwe see Saul and Leys, both in this issue. On Mexico and the Intersindical see Richard Roman and Edur Velasco Arregui, "Worker Insurgency, Rural Revolt and the Crisis of the Mexican Regime" in Rising from the Ashes? Labor in the Age of "Global" Capitalism, eds. Ellen Meiksins Wood, Peter Meiksins, and Michael Yates (New York: Monthly Review Press, 1998), pp. 127-41; and for background on Indonesia and East Asia see McNally, "Globalization on Trial." The formation of the FNPBI is discussed by Max Lane, "Indonesia: National workers' organisation formed," Green Left Weekly, May 25, 1999.