Capital Account Liberalization and the Developing Nations

In looking to imagine and crystallise potential alternatives to the seemingly unending vortex of underdevelopment and poverty in third and second world nations, an understanding of the deficiencies and insufficiencies of the current macroeconomic arrangement is an obvious starting point. The post-Bretton Woods monetary consensus, which promised to guarantee mutual ‘real growth’ through endless liberalization of domestic markets and fluctuating exchange rates, has in whole been failure for developing countries. Instead, of self-sufficiency and self-confidence, there isn’t even what one one called ‘multi-lateral beneficence’, but rather, a reliance and dependency on the most powerful players in the game, at the mercy of commodities swings and speculative exuberance (rather than being ’liberated’ and domestically sound, buffered from ‘shocks’). One wonders what one would do if they swapped shoes. What shall we do once we take control of these responsibilities?

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#neoliberalism #financialisation #development #political-economy #foreign-exchange

Cancer Prevention and Screening; The Cancer Code

This is part 2 of the post on Jason Fung’s ‘Cancer Code’. I found this a remarkable case point in the iatrogenic potential of public health interventions in which the effect on mortality is masked by a surrogate of survival; early detection. When tracked for long enough time, early detection does more harm than good, and thus, fails as a successful surrogate. You can find part one here.

I encourage everyone to read the entirety of Jason’s “The Cancer Code”. It’s a terrific work of ‘popular’ scientific writing, a story as much about the biology of Cancer as it is about the sociology of biomedical practice and research.

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#medicine #pharma #capitalism #neoliberalism #health #public health

A False Dawn; The Cancer Code

This post will be in two parts, both of which I find are illustrative of the difficulties of public health strategies. One makes particularly obvious the severe misanthropic consequences of profit seeking drives in the areas of health and medicine, and the second is a remarkable case point in the iatrogenic potential of public health interventions which may be completely benevolent in intention – something that all states irrespective of political structure must address. Part one is contained below, you can find part two here.

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#medicine #pharma #capitalism #neoliberalism #health #public health

Why no Roman Industrial Revolution?

Original at https://acoup.blog/2022/08/26/collections-why-no-roman-industrial-revolution/ . Linked to it via Paul Cockshott.

The Question

That said this is a question that is not absurd a priori. As we’ll see, the Roman Empire was never close to an industrial revolution – a great many of the preconditions were missing – but the idea that it might have been on the cusp of being something like a modern economy did once have its day in the scholarship. As I’ve mentioned before, the dominant feature of the historical debate among scholars about the shape of the Roman economy is between ‘modernists’ who argue the Roman economy is relatively more like a modern economy (meaning both that it was relatively more prosperous than other ancient economies but also that the Romans themselves maintained a more modern, familiar outlook towards money, investment and production) and ‘primitivsts’ who argue that actually the Roman economy was quite primitive, less prosperous and with the Romans themselves holding attitudes about the economy quite alien to our own. But here we need to get into a bit more specificity because beneath that quick description it is necessary to separate what we might call the ‘old modernists’ and the ‘new modernists.’

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#political-economy #rome #antiquity #mode-of-production #industrial-revolution

Darwin’s Delay

Few events inspire more speculation than long and unexplained pauses in the activities of famous people. Rossini crowned a brilliant operatic career with William Tell and then wrote almost nothing for the next thirty-five years. Dorothy Sayers abandoned Lord Peter Wimsey at the height of his popularity and turned instead to God. Charles Darwin developed a radical theory of evolution in 1838 and published it twenty-one years later only because A. R. Wallace was about to scoop him.

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#biology #evolution #darwinism #marx #gould #materialism

Studies in European Realism

The articles contained in this book were written some ten years ago. Author and reader may well ask why they should be republished just now. At first sight they might seem to lack all topicality. Subject and tone alike may appear remote to a considerable section of public opinion. I believe, however, that they have some topicality in that, without entering upon any detailed polemics, they represent a point of view in opposition to certain literary and philosophical trends still very much to the fore today. Let us begin with the general atmosphere: the clouds of mysticism which once surrounded the phenomena of literature with a poetic colour and warmth and created an intimate and ‘‘interesting’’ atmosphere around them, have been dispersed. Things now face us in a clear, sharp light which to many may seem cold and hard; a light shed on them by the teachings of Marx. Marxism searches for the material roots of each phenomenon, regards them in their historical connections and movement, ascertains the laws of such movement and demonstrates their development from root to flower, and in so doing lifts every phenomenon out of a merely emotional, irrational, mystic fog and brings it to the bright light of understanding.

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#realism #literature #lukacs #marxism #aesthetics

Marx, Race and Neoliberalism

A Marxist perspective can be most helpful for understanding race and racism insofar as it perceives capitalism dialectically, as a social totality that includes modes of production, relations of production, and the pragmatically evolving ensemble of institutions and ideologies that lubricate and propel its reproduction. From this perspective, Marxism’s most important contribution to making sense of race and racism in the United States may be demystification. A historical materialist perspective should stress that “race”—which includes “racism,” as one is unthinkable without the other—is a historically specific ideology that emerged, took shape, and has evolved as a constitutive element within a definite set of social relations anchored to a particular system of production.

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#adolph-reed-jr #identitarianism #neoliberalisation #political-philosophy #race-theory #marxism #mythology #ideology

Revolutionary Medicine

Adapted from https://www.marxists.org/archive/guevara/1960/08/19.htm

I was put onto this article from the reading of the terrific text on the Cuban and Venezuelan healthcare systems and practices by Steven Brouwer: “Revolutionary Doctors: How Venezuela and Cuba Are Changing the World’s Conception of Health Care”

This simple celebration, another among the hundreds of public functions with which the Cuban people daily celebrate their liberty, the progress of all their revolutionary laws, and their advances along the road to complete independence, is of special interest to me.

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#medicine #revolution #revolutionary-science #cuba #healthcare #che-guevara

Cuacasians Only

A small but very important subsection from Robert Fogelson’s book “Bourgeois Nightmares: Suburbia, 1870-1930”. I would say it speaks for itself.

Many subdividers also employed restrictions to exclude ‘‘undesirable’’ people as well as “undesirable” activities. By far the most common of these provisions were racial covenants. Under a typical covenant, an owner was forbidden to sell or lease the property to a member of any of a number of allegedly undesirable racial, ethnic, or religious groups. He or she was also forbidden to allow a member of these groups, other than chauffeurs, gardeners, or domestic servants, to use or occupy the property. A few subdividers had employed racial covenants in the mid-nineteenth century. In Brookline, for example, one forbade “any negro or native of Ireland” to occupy a dwelling, and in Baltimore another barred the sale or lease of a house to “a negro or person of African or Mongolian [that is, Asian] descent.” But such restrictions were very much the exception before the 1890s. Indeed, not even the most racist subdividers imposed racial covenants. A case in point was Francis G. Newlands, the mining magnate and U.S. senator who laid out Chevy Chase in the early 1890s. Newlands saw the United States as “the home of the white race.” To him, “race tolerance” meant “race amalgamation,” and “race intolerance” meant “race war.” Fusing the racism of the South with the racism of the West, he called for repealing the Fifteenth Amendment, thereby denying African-Americans, “an inferior race,” the right to vote, and restricting immigration to “the white race,” thereby excluding Chinese, Japanese, and other Asians. Despite his outspoken racism, Newlands did not include racial covenants among the minimum cost requirements and other restrictions he imposed on the first subdivisions at Chevy Chase.

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#racism #fascism #united-states #suburban #bourgeoise #class #segregation

Conclusion to the Gift

The conclusion to Mauss’s incredible essay on the uses and concepts of gifts.

Moral Conclusions

It is possible to extend these observations to our own societies. A considerable part of our morality and our lives themselves are still permeated with this same atmosphere of the gift, where obligation and liberty intermingle. Fortunately, everything is still not wholly categorized in terms of buying and selling. Things still have sentimental as well as venal value, assuming values merely of this kind exist. We possess more than a tradesman morality. There still remain people and classes that keep to the morality of former times, and we almost all observe it, at least at certain times of the year or on certain occasions.

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#anthropology #marcel-mauss #economics #political-theory

Socialism or Moralism

Cross posted from Nonsite.org.

Passages between brackets are drawn from the manuscript version of the essay and differ slightly from the published variant.

Published July 7, 1970

We on the democratic left are living through a real crisis. And precisely because I believe the Socialist Party has a very vital role to play in this period, I would like to say something about the problems we confront.

One aspect is that many people on the [so-called democratic] left today substitute psychology for politics. Now, I have no objection to a lifestyle, or how you wear your hair, or whether you eat pig’s feet[, or whether you want to dress so one cannot distinguish between male and female except upon very close inspection]. But to substitute this “how I feel, what my thing is,” for politics, is an extremely dangerous attitude which the Socialist movement must fight. In fact, the Socialist movement is one of the few movements which has the credentials for fighting it.

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#socialism #politics #moralism #united-states #bayard-rustin #organizing

Introduction: Restoration in Russia

This brief writing belongs to the Introduction to Boris Kagarlitsky’s book “Restoration in Russia: Why Capitalism Failed”. The work is both a valuable reflection of, and look into, the tumultuous years following the dissolution of the USSR.

‘You can’t hammer in a bolt.’ This was among the slogans used by the pro-government political bloc Russia’s Choice in its campaign for the parliamentary elections of December 1993. Spokespeople for the bloc explained to voters: it’s pointless to dream of a just society, so you have to reconcile yourself to the new order. The slogan turned out to be unintentionally ironic. The attempts by Yelstin, Gaidar and the other Russian ‘reformers’ to construct liberal capitalism in a country where there is neither a normal bourgeoise, nor a market infrastructure, were a case of ‘hammering a bolt’.

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#ussr-collapse #boris-kagarlitsky #politics #yeltsin #bureaucracy

Global Neoliberal Practice: Institutions and Regulation in Africa

This is a chapter out of Graham Harrison’s Book “Neoliberal Africa: The Impact of Global Social Engineering”. Although the book is more of an essay containing fragmentary thoughts, I found this chapter substantial in the sense that it clearly outlined the various institutional avenues in which projects such as neoliberalism cement their ideology.


This chapter considers the global emergence of neoliberalism. It looks at the ways in which neoliberal practice has emerged, expanded and established for itself ‘paradigmatic’ status. In other words, it shows how neoliberalism has shifted from an ambitious and embryonic set of policy interventions to something resembling a framework or set of premisses within which policy is articulated. The practices of neoliberalism have been iterated over such time as to shift the habits, conduct and repertoire of development practice tout court. The layering of large numbers of neoliberal policies has not only led to a progressively more totalising implementation of liberalisation; it has also defined the terms upon which policy and development are thought about and articulated per se. This is, of course, not a completed process (in the last chapter we developed a framework which is anathema to the idea of completed processes, preferring instead a series of practices in place of means–ends distinctions), but it has enabled neoliberal ideas to aspire to ‘meta-development’ status: that is, as the terms upon which development is discussed rather than solely as a predominant model of development. At the level of ideas, this shift or tendency is rather like the analysis of Hay in which neoliberalism moves from normalising to normative (Hay 2004).

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#neoliberalism #IMF #world-bank #imperialism #africa

Race into Culture: A Critical Genealogy of Cultural Identity

Due to the prolific number of footnotes that Michael’s article contains, the essay will simply be linked to here. It is an important walk through the trajectories that various essentialist concepts have taken in the course of modern Northern American history. What surprised me most was this quasi-progess — where it appears that the concept of race has been disposed of, it’s kernel is carried over into a different, yet sadly, familial form.

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#race #culture-critic #genealogy #racecraft #united-states #literature

Soviet Literature

Herein is a speech delivered in August 1934, and published in 1935. It reappeared in Gorky, Radek, Bukharin, Zhdanov and others “Soviet Writers’ Congress 1934,” page 25-69, Lawrence & Wishart, 1977, and was transcribed by Jose Braz for the Marxists Internet Archive.


The role of the labour processes, which have converted a two-Legged animal into man and created the basic elements of culture, has never been investigated as deeply and thoroughly as it deserves. This is quite natural, for such research would not be in the interests of the exploiters of labour. The latter, who use the energy of the masses as a sort of raw material to be turned into money, could not, of course, enhance the value of this raw material. Ever since remote antiquity, when mankind was divided into slaves and slave-owners, they have used the vital power of the toiling mass in the same way as we today use the mechanical force of river currents. Primitive man has been depicted by the historians of culture as a philosophizing idealist and mystic, a creator of gods, a seeker after “the meaning of life.” Primitive man has been saddled with the mentality of a Jacob Böhme, a cobbler who lived at the end of the sixteenth and the beginning of the seventeenth century and who occupied himself between whiles with philosophy of a kind extremely popular among bourgeois mystics; Böhme preached that “Man should meditate on the Skies, on the Stars and the Elements, and on the Creatures which do proceed from them, and likewise on the Holy Angels, the Devil, Heaven and Hell."

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#maxim-gorky #ussr #literature #soviet-literature #culture-critic #bourgeoise

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