In the two decades following the fall of the Berlin Wall, global capitalism became entrenched in its modern, neoliberal form. Its triumph was so complete that the word “capitalism” itself fell out of use in the absence of credible political alternatives. But with the outbreak of financial crisis and global recession in the twenty-first century, capitalism is once again up for discussion. The status quo can no longer be taken for granted.
As Eric Hobsbawm argues in his acute and elegant introduction to this modern edition, in such times The Communist Manifesto emerges as a work of great prescience and power despite being written over a century and a half ago. He highlights Marx and Engels’s enduring insights into the capitalist system: its devastating impact on all aspects of human existence; its susceptibility to enormous convulsions and crises; and its fundamental weakness.
The 1st of May marks International Workers' Day, a festival of working-class self-organization stretching back over 130 years. It was originally inaugurated to commemorate the Haymarket Massacre of 1886 in Chicago, where a bomb thrown during a worker's strike kicked off a period of anti-labor hysteria.
In 1890, the first internationally coordinated demonstration for an 8-hour day was held, in commemoration of those killed in the massacre. Eight anarchists were executed on trumped-up charges after the event.
Here, Verso staff present an updated reading list for May Day. Since first posting the list a few years back, we've added some of our recent titles that trace the changing nature of work and the labor movements in the U.S. and around the world.
All books listed are available for direct purchase from our site at discounts of 40% off paperbacks, 30% off hardcovers, and 50% off ebooks, with free shipping, and ebooks bundled with your print purchase where available.
The deepest economic crisis in eighty years prompted a shallow revival of Marxism. During the panicky period between the failure of Lehman Brothers in September 2008 and the official end of the American recession in the summer of 2009, several mainstream journals, displaying a less than sincere mixture of broadmindedness and chagrin, hailed Marx as a neglected seer of capitalist crisis. The trend-spotting Foreign Policy led the way, with a cover story on Marx, for its Next Big Thing issue, enticing readers with a promise of the star treatment: “Lights. Camera. Action. Das Kapital. Now.”