WHAT CAUSES MARKET TURBULENCES, the rate of profit or the rate of interest?
February 28, 2021 Leave a comment
This article investigates the market turbulence this week caused by a rising rate of profit.
This WordPress.com site is dedicated to independent working class politics. Contact me at briangreen@theplanningmotive.com
February 28, 2021 Leave a comment
This article investigates the market turbulence this week caused by a rising rate of profit.
February 25, 2021 11 Comments
Those on the left who call for the nationalization of only the top corporations, anywhere between 100 and 500 depending on the group, are proposing that the route to communism first passes through the portal of state capitalism.
February 6, 2021 Leave a comment
As dialectical materialists we are barred from hypothesizing about “what” the future will look like. However, provided we meet the following threshold – a concrete understanding of the inner workings of the capitalist mode of production – we are not debarred from hypothesizing about “how” the future can work. This article analyzes Mr. Eagleton’s worthwhile book.
January 30, 2021 5 Comments
This article is based on data for the US only provided by the BEA.
Please note, this article confines itself to that element of Tier 2 fictitious capital involved in pure speculation. There is no intention to discuss the element of hedging risk, which seeks to reduce volatility rather than promote it as in the case of pure speculation.
January 8, 2021 1 Comment
This article analyses the US economy, but it also pays tribute to the wave of Chine investment which drove the world economy up to 2014. To avoid confusion, it must be recognised that this wave ebbed because the complex rate of return in China (profitability) began to fall in 2013 and only for this reason. This was a function of the increase in the composition of capital. Thus, methodologically it is profitability that initiates investment rather than the other way round. This point was not emphasized in the body of the article.
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