№ 2026.Jul.14-005
Jonathan Levy has written an epic history of American capitalism arguing that the profit motive has never been sufficient to drive long-term development. In NLR 159, Moreno Zacarés says: the instinct is right but the foundations are unsound — you take Keynes's theory of hoarding as the skeleton and fill in the flesh with a Smithian commercial narrative, and the two pull each other apart.
№ 2026.Jul.11-001
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.
№ 2026.Jul.10-001
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.