Michael Hudson's "Super Imperialism" reveals capitalism's peculiar twist: the U.S. transitioned from a great creditor to a dominant debtor, utilizing its debts as leverage in a world where power dynamics are shifting. Post-World War I, American financial institutions crafted a system that exploited other nations through debt, claiming to promote development while actually enforcing dependency. The contradiction lies in the U.S. controlling the world's currency even as its productive supremacy fades. As the global landscape evolves, the implications of dollar dominance become increasingly tenuous, demanding us to confront a crucial question—who ultimately commands the productive forces that money can influence but not generate?
Iran Took Back Its History: The Revolution That Never Finished the Fight for Power
Robin Wright's "The Last Great Revolution" illustrates the paradox of the Iranian Revolution—a genuine transformation that sought to establish a sovereign state but left popular sovereignty incomplete. Wright captures Iran's tumultuous journey, showcasing revolutionary shifts in women’s rights, education, and national identity, yet she falls into the trap of imposing a Western liberal trajectory. The revolution is portrayed as a struggle—between religious and revolutionary authority—that still battles for legitimacy. Ultimately, rather than documenting a forgotten pathway to liberalism, Wright unveils a resilient revolutionary spirit combating imperial influences. This is not the story of a revolution retreating into the shadows, but one that persistently asserts its existence against predetermined narratives.
History Against the Formula: August Nimtz, Cedric Robinson, and the Making of Revolutionary Universality
August Nimtz’s "Black Marxism: A Marxist Critique" challenges Cedric Robinson's assertion that Marxism and Black radicalism are distinct, arguing instead that Marx's historical materialism evolved through encounters with colonialism and Black liberation struggles. Nimtz argues that genuine internationalism requires oppressed groups to first forge autonomous political identities before uniting. Using Cuba as a case study, he shows how socialist transformation can materially alter racial dynamics yet acknowledges persistent inequalities. Ultimately, he posits that revolutionary potential arises not just from class position but from active struggle and organization, emphasizing that no class is born universally revolutionary and that political agency must be cultivated through history and struggle.
Marx and Engels Against Their Own Ghosts: The German Ideology and the Fight to Keep Materialism Inside History
Marx and Engels' The German Ideology brutally uncovers the egregious folly of detaching philosophy from material conditions. They weaponize critiques of German idealists, exposing how revolutionary thought that ignores the tangible, lived experiences of class struggle morphs into mere ideology. Highlighting the perils of alienation, they assert that human powers can unwittingly turn oppressive when subjected to capitalist structures. Moreover, they admonish socialists who, by elevating abstract ideas above real movements, dilute the revolutionary essence of their theories. In a world increasingly interlinked yet profoundly unequal, their insistence on rooting ideas in concrete history remains a clarion call for genuine transformation against ideological hauntings.
The Great Lecture Hall and the Small Seminar Room: Michael Parenti Vs. Western Marxism
A tribute to Michael Parenti that situates his life’s work as a living challenge to the academic drift and political retreat of Western Marxism. This essay traces Parenti’s unified analysis of class power, empire, media, ideology, and anti-communism, arguing that his legacy is not a memory to be curated but a method to be used... Continue Reading →