1 June 2020 — Monthly Review Press
Commodity Chains and Ecological-Epidemiological-Economic Crises
by John Bellamy Foster and Intan Suwandi
Image credit: William B. Cassidy, “Shippers seek stability ahead of patchwork COVID-19 recovery,” Joc.com, May 18, 2020.
John Bellamy Foster is editor of Monthly Review and a professor of sociology at the University of Oregon. He is the author, most recently, of The Robbery of Nature: Capitalism and the Ecological Rift (with Brett Clark) and The Return of Nature: Socialism and Ecology—both published by Monthly Review Press in 2020. Intan Suwandi is an assistant professor of sociology at Illinois State University and author of Value Chains: The New Economic Imperialism (Monthly Review Press, 2019). They thank Fred Magdoff for his invaluable comments.
COVID-19 has accentuated as never before the interlinked ecological, epidemiological, and economic vulnerabilities imposed by capitalism. As the world enters the third decade of the twenty-first century, we are seeing the emergence of catastrophe capitalism as the structural crisis of the system takes on planetary dimensions.