The notion of a “global structural crisis of capital” defining our times was first introduced by István Mészáros in the third edition of his Marx’s Theory of Alienation in 1971, and in his Isaac Deutscher Memorial Lecture, “The Necessity of Social Control” that same year.2 In 1995 in Beyond Capital, Mészáros distinguished the emerging, epochal structural crisis of capital from the cyclical and conjunctural crises that are “capital’s natural mode of existence.”
Hold off on that online-shopping impulse buy — there’s no substitute for carefully crafted quality
It’s getting hot in here
Ben Lerwill sets his tastebuds a-tingling as he meets the British chilli-sauce makers adding to the spice of life
Luxury
If you only buy one suitcase, make it a classic GlobeTrotter, suggests Amie Elizabeth White
Winging it
Mark Cocker looks beyond the raven’s grim reputation to seek the truth about our largest corvid
Sir Lindsay Hoyle’s favourite painting
The Speaker of the House of Commons is captivated by the Westminster riverfront in a work with a photographic quality
On top of the world
Kirsty Fergusson applauds the stamina of the hardy souls who tend the spectacular clifftop gardens at Chygurno, Cornwall
Country-house treasure
John Goodall stands in the stead of William Tyndale behind a preacher’s pulpit at Bucklebury House in Berkshire
The legacy
Agnes Stamp salutes Agnes Marshall, the Queen of Ices
While the cat’s away…
David Glasper lifts the lid on the cat flap, the means by which the regal feline can come and go precisely as it pleases
An architectural evolution
Jeremy Musson charts the rise of Selwyn College, Cambridge, from its origins as a memorial to a 19th-century missionary
The raw deal
Tom Parker Bowles savours the lip-smacking summer freshness of that Peruvian classic ceviche
Travel
Rosie Paterson unpacks the latest in luxury-yacht looks and follows in Frida Kahlo’s footsteps
Arts & antiques
Beauty and function were fused in the form of the sedan chair, the conveyance of choice for the upper echelons of Georgian society, reveals Carla Passino
Art to dine for
Intriguing art can be a meal-time conversation starter in country-house dining rooms, as Melanie Cable-Alexander discovers
Catch of the day
Collector Paul Martin shares his tips on amassing a school of exquisite antiquarian fish prints
The focus of the summit is expected to be on what other countries in the alliance have done about President Trump’s demand to increase military spending.
The focus at a leaders’ summit in Turkey this week will be on building a new model for the alliance, as President Trump pushes to do less and pressures others do more.
Beijing had long tested nuclear missiles only within its borders. A rare launch over an ocean shows it is determined to narrow the gap with the United States.
Hegel turned the world onto its head and Marx turned it back on its feet, and now finance is turning the world on its head again. In the early 19th century, Hegel proposed that human history was shaped by consciousness, by human spirit, by the head. Marx argued, in turn, that history was actually determined by practical social conditions, by the way people make their means of living, standing on their feet. It was capitalism that made it seem like heads, owners of industry and leaders of states and their apologists, intellectuals, made history happen, and not workers. The feet were the source of power while the heads claimed all the power for themselves. It is harder to believe this is true now. Industry does not matter much to finance, and labor even less. Finance packages up the productive economy to resell it according to its own rules. A few prescient people have been studying the way the new rules ruin living conditions, pervert political possibilities, and increasingly dominate the global order. Yet, there is still no field dedicated to theorising the ill effects of the newly upside-down world. We need, in short, a critical theory of finance.
In ‘Money,’ Stefan Eich exposes a paradox. Money needs everyone’s trust to operate, and yet economists and politicians claim that only they can decide on its uses. In ‘What is Monetary Policy,’ Leah Downey explains how the technocratic apparatus of policy prevents democratic decision-making. Melinda Cooper considers the challenge supposedly presented by Schumpeter’s view of the relation between family, capitalism, and democracy. Radhika Desai demonstrates a tradition in Marxist thought that already predicts financialisation and has a strong theory of it. Finally, Paul North briefly evaluates four very general positions from which to critique finance, as a preparation for a critical theory of finance.
Also in this issue, Peter West explores how Plato continues to speak to our present moment, with Angie Hobbs’ recent book offering a timely defence of dialogue against the rise of censorship, polarisation, and performative debate. Meanwhile, Marie Snyder reflects on The End Doesn’t Happen All at Once, a pandemic memoir in letters that traces how friendship, literature, and mutual care sustained lives through the disorientation and inequalities of Covid.
Kristie Miller puzzles over our preference for how our well-being is distributed over time; Alison Stone delves into Victorian philosophy as a distinct tradition in which women philosophers played a significant role; Matthew Sharpe makes the case for reclaiming Stoicism from the manosphere and the far right; Mary Peterson continues a conversation started in her 2024 article in The Philosopher, on restorative justice and sexual misconduct; and Adrian K. Yee asks what ethical issues are raised by the use of machine learning in counterterrorism.
Missiles were fired into Ukraine’s capital as Russia launched its second major attack in less than a week. At least 12 people were killed, officials said.
In an interview, Turkey’s top diplomat, Hakan Fidan, said the relationship between President Recep Tayyip Erdogan and President Trump could ease NATO tensions.
President Trump’s earnings in office are at a level once unimaginable for any leader of a liberal democracy, particularly a sitting American president.
Escalating drone strikes, fuel shortages and power cuts in the region Russia annexed are among the factors turning up the heat on President Vladimir V. Putin.
A loss of public faith in higher education and and what it represents for the larger community. This issue also features a Symposium on Aspects of 1776 in commemoration of America at 250.
The University’s Never-Ending Crisis
Higher education has dealt with epistemic revolution before.
Crown Prince Mohammed bin Salman pressed President Trump earlier to cripple Iran, then later urged a cease-fire and is now pursuing his security priorities.
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