#capitalism
Capitalism's Dead End, and Two Attempts to Crawl Out of It

№ 2026.Jul.11-001

readingcapitalismneoliberalismimperialismneo-fascismglobal-south

Capitalism's Dead End, and Two Attempts to Crawl Out of It

Prabhat Patnaik | Reading by Reading by Editor

In Monthly Review, Patnaik renders a two-sided diagnosis of capitalism's current crisis: neoliberalism has manufactured a dead end of stagnation, and every exit is sealed off by finance capital. Neo-fascism is one symptom; Trump's "re-colonization" is another — neither solves anything, but both lay bare a deeper structural predicament.

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You Think International Law Can't Restrain Power? That's Because You're Staring at a Straw Man

№ 2026.Jul.10-001

readinginternational-lawcapitalismrule-of-lawfoucault

You Think International Law Can't Restrain Power? That's Because You're Staring at a Straw Man

Martti Koskenniemi | Reading by Reading by Editor

The left loves to mock the impotence of international law — the UN can't discipline the United States, the International Court of Justice is a paper tiger. In NLR 154, Koskenniemi says: you've been looking in the wrong place. The law that truly rules the world was never in those halls you can see.

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