Nissan plant, Smyrna, TN.
The 2016 election was primarily a referendum on US trade and immigration policies. Trump’s case, insofar as one could be found amid all his bloviating, was something like the following: the US sent jobs abroad at the same time as it let workers in from Mexico, and that has been bad for most Americans. It’s worth remembering that Trump began his campaign by attacking financial elites, who, he said, had paid off the politicians to keep this con act going. Since Trump is so rich, he won’t have to take their bribes. He’ll renegotiate.
Well, it doesn’t take a degree in political science to predict that Trump will fail to “make America great again.” In all likelihood, the real winners here will be the traditional constituencies of the Republican Party: big business and social conservatives. Everyone else will lose. Meanwhile, Trump will use the presidency to hound his enemies and expand his personal wealth. And that’s the best case scenario.
This article is excerpted from Rosa Remix, a collection of essays on the work of Rosa Luxemburg and its relevance to contemporary political debates, forthcoming from the Rosa Luxemburg Stiftung. Tomorrow night RLS is hosting a launch event for the book at their New York offices.
In The Accumulation of Capital, Luxemburg identifies a general dynamic that lies at the heart of the process of capital accumulation, namely the chronic tendency to produce crises of overaccumulation. Capitalism needs to continually open up new territories for investment to solve this problem. What is the role played by international finance in this process?
Marxist geographer David Harvey recently spoke with il manifesto about the contradictions inherent in capitalism, the possibilities for its undoing and where Syriza and Podemos fit within its opposition.
At 79 years of age and fresh from publishing a new book (Seventeen Contradictions and the End of Capitalism, Oxford University Press), David Harvey is still reading social change with one eye on Marx and another on the social movements.