After the defeat of the 1848-50 revolutions in Europe, Marx acknowledged that he failed to provide an adequate analysis of the economic foundation of society and turned from a focus on organizing to an intense, life-long study of political economy. Catalyzed by the first global economic crisis in 1857 and after 10 years of concentrated study, he started the first of seven notebooks to self-clarify his work up to that point. Not published or available outside the USSR until 1953, Martin Nicolaus provided the first—and only —English translation of all seven notebooks in 1973 as the Grundrisse: Foundations of the Critique of Political Economy.

The Invention of the White Race Volumes I & II, Theodore W. Allen's historical materialist analysis of racial slavery, documents how the plantation elite put in place this system of social control following Bacon's Rebellion of 1676. In the final stage of this uprising, an army of European and African chattel bond laborers burned Jamestown to the ground and temporarily drove Governor Berkeley into exile across the Chesapeake Bay.The terrified planter bourgeoisie, in a deliberate response to this display of labor solidarity, enacted a series of laws and practices in the late 17th and early 18th centuries which implanted a system of 'white' racial privileges that enabled the imposition of racial slavery and white male supremacy.

Rob Wallace’s book is an indispensable handbook to the inevitable pandemics stemming from agribusiness. Monthly Review is making it available at a big discount until April 17. We at the MEP are hosting an online reading and discussion group to share the comprehensive research and writing that is contained in Wallace’s book. We will cover all seven sections, plus the two-part update being published in Monthly Review’s next two issues.

We will consider how capitalism is rooted in robbery—of the earth, of the water, air, and soil of communities, of the livelihoods of working people. Such theft is becoming more massive in scale and more technologically sophisticated, but is also evoking new forms of popular resistance.

Season 1: Changing Places in America

Herman Melville,  The Confidence-Man (1857). John Barth, The Sot-Weed Factor (1960) Lisa Ko, The Leavers (2017)

In his 1970 essay “Philosophy and the Form of Fiction,” William Gass brought the term “metafiction” forward to the reading public as a way to characterize the work writers such as Borges, Barth, Flann O’Brien, as well as the type of novels Gass himself would write. He described metafiction as writing “in which the forms of fiction serve as the material upon which further forms can be imposed”. Does metafiction provide escape for the committed writer from the bourgeois strictures that the novel form imposes? As critical readers we need to check out all the angles. The metafiction form will over time become incorporated as yet another aspect of modern fiction as ultimately there is no way to over-ride what happens when ink is committed to paper, impulses to the interactive screen.

American fiction writers have lots to write about. We are introducing a four term look at writing by American authors who have novels appropriate to four themes important to critical thinkers of the broad American questions on nation, class, race and gender. Much of this fiction becomes part of what our unfolding reality is as a nation, group of nations, as aspiring internationalists. Many of the fictional works we will read are not as formally postmodern or would formally fall in the metafiction category as delineated by Barth.

The study of Volume III is essential to understanding the complex dynamics at work in the present realities we are facing and how these realities are the necessary results of the inner logic of capital. In this moribund stage of late capitalist/imperialist development we see the rise of rentier and finance capital—the introduction of financial instruments being used to make money make more money, jumping over and above the actual real wealth produced by trading on future wealth (derivatives and other forms of fictitious capital); overriding supply and demand as a price mechanism in such necessities as foodstuffs so that their prices continuously rise resulting in more poverty and starvation on a world scale and here in the US; turning new technologies into means of collecting rents—the internet, mobile devices; expropriation of taxes paid by the working class to developers who are often tax exempt while our city and state governments give them tracts of our physical space; commodification of debt; privatization of public spaces, properties and institutions; foreclosures; and the list goes on.