Terry Eagleton— The early Marx is engaged on an arrestingly original project. No other critic of the system under which he lived had taken it to task for what it does to the human senses. There had been no such phenomenology of capitalism before. In Marx’s view, the capitalist mode
Jeannette Graulau— From David Landes’s Prometheus Unbound to Giovanni Arrighi’s Origins of Our Times, scholars continue to quarrel over one of the most difficult questions of all time: the why, how, and where of the origins of capitalism. Some return to the inexhaustible argument of England’s Industrial Revolution. Others, demystifying
Andrew Offenburger— In 1883, an academic and traveler named William Henry Bishop posed a question on many Americans’ minds. “What is a world to do,” he asked, “when it has no longer a West?” Bishop wondered how the United States would continue to expand beyond California, following a pattern of
Terry Eagleton— Over half a century ago, in an excellent little book entitled Communications, Raymond Williams outlined a socialist plan for the arts and media which rejected state control of its content on the one hand and the sovereignty of the profit motive on the other. Instead, the active contributors
Tamim Bayoumi— US financial reformers faced a fundamentally different issue from those in Europe. Banks in Europe were under a flawed single system. The issues in the United States, on the other hand, centered on the dual nature of the pre-crisis banking system that contained a relatively tightly regulated core and
The “economy” has practically become a dirty word now. It’s usually the answer to the question, “What issue concerns Americans the most?” and has led to frantic searches for explanations. Whatever the “real” cause, one of the major scapegoats for the “Great Crisis,” as Gary Clyde Hufbauer and Kati Suominen call it, is globalization. In their book Globalization at Risk: Challenges to Finance and Trade, they argue that while globalization had a role in creating our current situation, we don’t have to send the Navy SEALs after it.