January 1, 2025
Craig Medlen draws on decades of data to reveal how the creeping stagnation of the past half-century has led to the increasing consolidation of corporate monopoly power and concentration of firms by way of mergers and, importantly, the free cash that funds them. This stunning rise in free cash, fueled in part by government deficits, starkly reveals how the ruling class continues to enrich themselves and strengthen their position on the top of the economic heap.
October 1, 2024
Minqi Li and Lingyi Wei look to the Chinese and U.S. economies to illustrate the contradictions of secular stagnation, concluding that both economies will likely face great challenges in the decades to come. However, they write, progressive economic policies could change China’s future, encouraging massive investment into the state sector and bringing about the transition to a fully socialist society.
January 1, 2018
This article was initially published in Polish, in Realny kapitalizm. Wokół teorii kapitału monopolistycznego [Real Capitalism: Exploring Monopoly Capital Theory], edited by Grzegorz Konat and Przemysław Wielgosz (Warsaw: Instytut Wydawniczy… READ MORE
February 1, 2017
Sit Tsui is an associate professor at the Rural Reconstruction Institute at Southwest University, Chongqing. Erebus Wong is a senior researcher at the Kwan Fong Cultural Research and Development Program… READ MORE
June 1, 2016
On April 8, 2016, in what has already become a historic case on the climate, Magistrate Judge Thomas Coffin of the United States District Court of Oregon ruled against a… READ MORE
April 1, 2016
The March/April 2016 issue of Foreign Affairs, published by the Council on Foreign Relations, is devoted in large part to the topic of economic stagnation. The editorial by Jonathan Tepperman,… READ MORE
February 1, 2016
From mainstream news reports, one might easily conclude that the Paris climate agreement, presented to the world on December 12, 2015, was a complete triumph. The Guardian headlined it as… READ MORE
January 1, 2016
Prabhat Patnaik’s Review of the Month in this issue addresses problems of economic stagnation and imperialism in the context of explaining the current global crisis. Patnaik is part of a… READ MORE
September 1, 2015
Hans G. Despain teaches political economy at Nichols College, where he is the chair of the Department of Economics. Paul M. Sweezy wrote in 1982, “it is my impression that… READ MORE
July 1, 2014
John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. Robert W. McChesney is the Gutgsell Endowed Professor in the Department of Communication… READ MORE
