prefer socialism to capitalism. But after being declared dead and buried for decades, socialism has come to mean little more than something vaguely less cruel and stupid than what we have now. That's not exactly going to inspire millions to storm the barricades. Danny Katch brings together the two great Marxist traditions of Karl and Groucho to provide an entertaining and insightful introduction to what the socialist tradition has to say about democracy, economics and the potential of human beings to be something more than being bomb-dropping, planet-destroying racist fools.

    It's a revisionist tendency discernible in the work of authors such as Ernst Nolte, who traces the impetus behind the Holocaust to the excesses of the Russian Revolution; or François Furet, who links the Stalinist purges to an 'illness' originating with the French Revolution.The intention of these revisionists is to eradicate the revolutionary tradition. Their true motives have little to do with the quest for a greater understanding of the past, but lie in the climate of the present day and the ideological needs of the political classes, as is most clearly seen now in the work of the Anglophone imperial revivalists Paul Johnson and Niall Ferguson.In this vigorous riposte to those who would denigrate the history of emancipatory struggle, Losurdo captivates the reader with a tour de force account of modern revolt, providing a new perspective on the English, American, French and twentieth-century revolutions.

    As China embraces capitalism, the Mao era is being surgically denigrated by the Chinese political and intellectual elite. This book tackles the extremely negative depiction of China under Mao in recent publications and argues most people in China, including the rural poor and the urban working class, actually benefited from Mao's policy of a comprehensive welfare system for the urban and basic health and education provision for the rural, which is being reversed in the current rush towards capitalism.By a critical analysis of the mainstream account of the Mao era and the Cultural Revolution and by revealing what is offered in the unofficial e-media debates this book sets the record straight, making a convincing argument for the positive effects of Mao's policies on the well-being of the Chinese people.

    Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.

    Why capitalism cannot overcome its internal contradictions and the working class cannot "reform" away exploitation and economic crises.

    Written by an economist who was a master of modern academic theory as well as Marxist literature, it has been recognized as the ideal textbook in its subject. Comprehensive, lucid, authoritative, it has not been challenged or even approached by any later study.

    The book burst upon the scene in the early seventies, and was swiftly acknowledged as a pioneering and prophetic approach to theology which famously made an option for the poor, placing the exploited, the alienated, and the economically wretched at the centre of a programme where "the oppressed and maimed and blind and lame" were prioritized at the expense of those who either maintained the status quo or who abused the structures of power for their own ends. This powerful, compassionate and radical book attracted criticism for daring to mix politics and religion in so explicit a manner, but was also welcomed by those who had the capacity to see that its agenda was nothing more nor less than to give "good news to the poor", and redeem God's people from bondage.

    So why has it not been possible to bring the same forces to bear in addressing world poverty and environmental crisis?In this take-no-prisoners analysis, Slavoj Žižek frames the moral failures of the modern world in terms of the epoch-making events of the first decade of this century. What he finds is the old one-two punch of history: the jab of tragedy, the right hook of farce. In the attacks of 9/11 and the global credit crunch, liberalism dies twice: as a political doctrine, and as an economic theory.First as Tragedy, Then as Farce is a call for the Left to reinvent itself in the light of our desperate historical situation. The time for liberal, moralistic blackmail is over.

    Revolution in the Air is the definitive study of how radicals from the sixties movements embraced twentieth-century Marxism, and what movements of dissent today can learn from the legacies of Lenin, Mao and Che.

    It is also a school of thought popular because of its rejection of the supposedly universalizing categories of the Enlightenment. In this devastating critique, mounted on behalf of the radical Enlightenment tradition, Vivek Chibber offers the most comprehensive response yet to postcolonial theory. Focusing on the hugely popular Subaltern Studies project, Chibber shows that its foundational arguments are based on a series of analytical and historical misapprehensions. He demonstrates that it is possible to affirm a universalizing theory without succumbing to Eurocentrism or reductionism.Postcolonial Theory and the Specter of Capital promises to be a historical milestone in contemporary social theory.

    With the same breath, they implore us to leave the job of understanding the magical powers of the market to the “experts."Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory.

    Beyond Bogotá is framed around the eleven hours that Leech was held captive by the FARC, Colombia's largest leftist guerrilla group, in August of 2006. He recalls nearly thirty years of travel and work in Latin America while weaving in a historical context of the region and on-the-ground reporting with each passing hour of his detention.More than $5 billion in U.S. aid over the past seven years has failed to end Colombia's civil conflict or reduce cocaine production. Leech finds that ordinary Colombians, not drug lords, have suffered the most and that peasants and indigenous peoples have been caught in the crossfire between the armed groups. Meanwhile, more than thirty Colombian journalists have been murdered over the last three decades, making Colombia one of the most dangerous countries in which to practice journalism. Consequently, the majority of the Western media rarely leave Bogotá to find the real story. Leech, however, learns the truth about the conflict and the U.S. war on drugs directly from the source: poor coca farmers whose fields and food crops have been sprayed with toxic aerial fumigations, female FARC guerrillas who see armed struggle as their only option, union organizers whose lives are threatened because they defend workers' rights, indigenous peoples whose communities have been forcibly displaced by the violence, and many others. Leech also investigates the presence of multinational oil and mining companies in Colombia by gaining access to army bases where U.S. soldiers train Colombian troops to fight the guerrillas in resource-rich regions and by visiting local villages to learn what the foreign presence has meant for the vast majority of the population. Drawing on unprecedented access to soldiers, guerrillas, paramilitaries, and peasants in conflict zones and cocaine-producing areas, Leech's documentary memoir is an epic tale of a journalist's search for meaning in the midst of violence and poverty, as well as a humanizing firsthand account that supplies fresh insights into U.S. foreign policy, the role of the media, and the plight of everyday Colombians caught in the midst of a brutal war.

    The arguments and controversies it has aroused are, furthermore, far from abating: the disintegration of the Soviet bloc, the emergence of new social and political identities linked to the transformation of late capitalism, and the crisis of a left-wing project whose essentialist underpinnings have increasingly come under fire have, if anything, made more relevant than ever the theoretical perspective that the book proposes. Moreover the political project of ‘radical and plural democracy’ that it advocates provides a much-needed antidote to the attempts to formulate a Third Way capable of overcoming the classical opposition between Left and Right.Updated with a new preface, this is a fundamental text for understanding the workings of hegemony and grasping the nature of contemporary social struggles and their significance for democratic theory.

    By examining the contradictions between the democratic and market principles proclaimed by those in power and those actually practiced, Chomsky critiques the tyranny of the few that restricts the public arena and enacts policies that vastly increase private wealth, often with complete disregard for social and ecological consequences. Combining detailed historical examples and uncompromising criticism, Chomsky offers a profound sense of hope that social activism can reclaim people's rights as citizens rather than as consumers, redefining democracy as a global movement, not a global market.

    The problem with this version of history? There’s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.