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The Golden State Adrift

Long at the forefront of US capitalism, the Golden State is now at the leading edge of its crisis. Richard Walker measures the dimensions of California’s slide—housing bubble, fiscal woes, rising inequality—as well as the underlying demographic and economic shifts.

The Chinese Road

The PRC’s breakneck transition to capitalism seen through the prism of 19th-century Europe and America, as its cities rehearse the processes analysed by Marx: commodification of land and labour, formation of markets and capitalist elites. What lessons might the West’s past hold for China’s future?

California Rages Against the Dying of the Light

“For several decades California has played a leading role in the United States and world capitalism, but things have taken a sudden turn for the worse after a period of brilliant growth. Now, at the end of the millennium, California is a microcosm of the national malaise, the . . .” read more