THE US TREASURY RESPONDS TO HIGH INTEREST RATES IN A WEAKENING ECONOMY

A RESPONSE TO ROBERTS AND CARCHEDI’S EXPLANATION OF THE DRIVERS OF INFLATION.

JULY WEATHER: IT SHOWS A PLANET DYING BY DEGREES

THE USA IS BEING SQUEEZED OUT OF THE GULF REGION WHILE ADVERSERIES JOCKEY FOR POSITIONS.

THE CAPITALISTS ARE CONDUCTING A SCORCHED EARTH POLICY.

COMMUNISTS SEEK TO ABOLISH THE FAMILY, SAYS WHO?

The far right accuse communists of seeking to abolish the family, religion and the family. Glued to the past they distort the future to frighten workers from reaching for it. Communists do not call for the abolition of the family by the state, nor for the state to rip babies from the bosom of their parents. Instead we call for a fundamental change in the social relations and economic conditions which shape present day families and households. The outcome is for the future to decide. But already present day changes in conditions, the movement from single earner households to double earners, children unable to move out of the roost due to poverty already demonstrates that the family is not frozen in time, but that it is continuously undergoing change.

THE WAR OVER CONTROL OVER THE WORLD’S OIL CONTINUES BUT NOT AS THE US EXPECTED.

SHADES OF 1914 (history repeats itself as tragedy).

EUROPE IS AT WAR WITH RUSSIA.

THE IDEOLOGICAL STRUGGLE IS THE OVERTURE TO THE SYMPHONY OF REVOLUTION

I neglected to discuss reconciling embodied values with reproduced values. What I showed for the first time is that market value is neither one nor the other. Instead it is formed from both as a weighted average comprising the share of the older production and the newer production and as the share of the newer production grows so the market value increasingly reflects this progressive shift. Here is the missing sentence I added to the article. “Solving the conundrum between embodied and reproduced values by showing how market values reflect the shift in the weight of production as new production displaces the older techniques of production.”