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Racialized chattel slaves were the capital that made capitalism. While most theories of capitalism set slavery apart, as something utterly distinct, because under slavery, workers do not labor for a wage, new historical research reveals that for centuries, a single economic system encompassed both the plantation and the factory.

At the dawn of the industrial age commentators like Rev. Thomas Malthus could not envision that capital — an asset that is used but not consumed in the production of goods and services — could compound and diversify its forms, increasing productivity and engendering economic growth. Yet, ironically, when Malthus penned his Essay on the Principle of Population in 1798, the economies of Western Europe already had crawled their way out of the so-called “Malthusian trap.” The New World yielded vast quantities of “drug foods” like tobacco, tea, coffee, chocolate, and sugar for world markets. Europeans worked a little bit harder to satiate their hunger for these “drug foods.” …

Jeremy Varon’s interesting and important response raises three questions: 1) What do we mean by a “Left”? 2) How are we to understand the New Left’s break-up and, specifically the relation of the women’s movement to that break-up and 3) How are we to evaluate the Left today? Let me start with the third and work backwards.

I do not believe we can properly speak of a Left today. Jeremy’s view of a plurality of different movement working independently but parallel to one another avoids all the important questions. A Left needs coherence and direction. It needs leaders, organizations, its own counter public-spheres, some sense of the values that distinguish it from the mainstream. It needs a coherent analysis of such basic ruling class institutions as the Democratic Party, the universities and the so-called public sphere. Obviously I am not advocating a vanguard party, or a mass party of the Debsian sort. But to speak of the huge diversity of present protest movements that might be termed progressive as a Left stretches the term beyond reason. …

We share Zaretsky’s desire to understand the trajectory of the Left past, present, and future. We disagree with him over the nature of the Left itself and with his account of the dynamics of political change. Where Zaretsky looks to the long duree and to political breaks as sources of current decline, we argue that the Left was always a more protean political formation in which lines of affiliation and disagreement were porous and changing. Finally, we insist, that if we are to understand the fate of the Left we must put it in dynamic relation with the actions of capital. Without expanding the political field, we mis-specify the geographies of political action — then and now. …

By my title,“The War on Fascism,” I do not mean the war between the US, the Soviet Union and Great Britain, on the one hand, and Nazi Germany, Mussolini’s Italy and imperial Japan on the other, the war that took place between 1939 and 1945. Rather I mean an unspoken war on the concept of fascism that increasingly characterizes our understanding of World War Two and informs discussion of contemporary problems, such as Ukraine. Although the term “fascism” is still in use today, it generally refers to real or supposed dictatorships, such as those of Saddam Hussein or Vladimir Putin, and has lost its original connotation, that of an authoritarian but still capitalist state. Because the original meaning of “fascism” was aimed not at dictatorship, but at the relation between dictatorship and private property and market power, the term had a critical or self-reflective character. Understanding the loss of this character can help us understand the history by which present political discussions, for example those concerning Putin, have become impoverished. …

When first published in 2002, The Rise of the Creative Class quickly established its author Richard Florida as an urban policy and business management guru. The Rise of the Creative Class heralded the emergence of a new class of worker who promised to lead the economy, and along with it the rest of society, to unprecedented levels of prosperity. The creative class, according to Florida, included scientists, engineers, artists, designers, media producers, and others whose primary function is “to create new ideas, new technology and/or creative content.” They are abetted in this endeavor by a whole host of high-level information workers—doctors, lawyers, accountants, educators, and the like—who draw upon complex bodies of knowledge to solve difficult problems that require high degrees of autonomy. To mark a decade of influence, the book was re-released in 2012 in a substantially updated version, The Rise of the Creative Class, Revisited, now out in paperback. …

Bundled into Eli Zaretsky’s unmistakable claim that second wave feminism was substantially to blame for the undoing of the 60s-era Left is another curious charge: that no American Left exists today, or has for a long time [“Rethinking the Split Between Feminists and the Left”]. In their response, Ann Snitow and Vicky Hattam expose the flimsy basis and maladroit construction of the first charge [“The Women Did It?”]. While adding to their case, I address mostly the second. I do so not as one who “was there” in the 1960s but as both a scholar of the period and an activist since the 1980s in what I’ve always considered the Left. Zaretsky’s rebuttal of the Snitow/Hattam response further confuses his original argument while modestly improving its terms. I deal with it briefly at the end.

Uniting both of Zaretsky’s claims is a dismissive view of the experiences and perspectives of others. Second wave feminists might feel proud of their efforts to establish battered women’s shelters, health and day care collectives, rape crisis centers, alternative schools, peace camps, and more accepting versions of the family. …

As someone who grew up with Paul Verhoeven’s original 1987 RoboCop, I can’t help but feel the dystopic and critical social commentary of the movie was lost in its reboot. What was once a critical and distopic film exploring the dangers of unchecked corporate power has become a soft endorsement of corporate warfare. Yet, some elements of the remake do provide useful insights into our changing social politics that are worth considering. The evolution of RoboCop reveals how both capitalism and imperialism have changed and deepened their hold on our cultural imaginary in less than pleasant ways.

There are basically four key sets of players in the original story: Omni Consumer Products or OmniCorp (OCP), the mega corporation which builds RoboCop, runs the Detroit police force and plans to construct a corporate utopia called “Delta City” in the ruins of old Detroit; Alex Murphy, the Detroit cop who becomes RoboCop; the police department run by OCP; and crime boss Clarence Boddicker, who is in cahoots with OCP executive Dick Jones,  The connections among these players were central to the original story. …

“The Women Did It?” by Ann Snitow and Victoria Hattam correctly argues that we need to understand the conflicts and splits of the late nineteen sixties if we are to build a New Left today. Today’s Left is rooted in the decisions and turning points of that time, and it will be hard to build something new until we come to grips with our past. However, Ann and Vicky (for we are all friends) frame the issues wrongly in that they are essentially concerned with blaming and defending. They reiterate that the men of the New Left really were sexist, and that the women of the New Left really had not meant to destroy the New Left in creating women’s liberation. This is not the way to think about it.

To be sure, I would be fool indeed to “blame” women for the demise of the New Left, as Ann and Vicky suggest I do. The women’s movement of the late sixties was akin to a natural force, a great river of emotion and eloquent power; who would blame a river? …

This is the text of the Heuss Lecture (with audio of the Q & A below), delivered as part of the General Seminar series in the Wolff Conference Room of The New School for Social Research at 6 E. 16th. St. in New York on December 11, 2013. 

From the 1970s on public debt increased more or less steadily in most, if not all, OECD countries, as it never had in peacetime. The rapid rise in public indebtedness was a general, not a national phenomenon, although in some countries, especially ones with low levels of inflation like West Germany, it began earlier than in others (Streeck 2011). In this essay I will emphasize the cross-national commonalities rather than the national specifics of the transformation of the “tax state” (Schumpeter 1991 [1918]) into a debt state and from there, at present, a consolidation state.[1] My argument focuses on the family of countries that adopted a regime of democratic capitalism, or capitalist democracy, after the Second World War, …