THEPLANNINGMOTIVE.COM

THE STARK CHOICES FACING THE FED; INFLATION vs SAVING THE BANKS, or is it so stark?

In the article I pointed out that the bulk of layoffs currently are amongst higher paid workers. This is confirmed by the news that Indeed the employment agency, is sacking 15% of its workforce thereby revealing that the record number of job openings are a fiction, they are either stale or duplications. What the FED does not appreciate is that the loss of higher paid jobs outweighs the addition of lower paid jobs. Thus a qualitative analysis which looks at the nature of the job losses and creations, rather than the crude and inaccurate BLS survey of jobs, shows that the overall purchasing power of wages is falling given where the job cuts are concentrated.

THE UK SPRING BUDGET. THE DEMISE OF NEO-LIBERALISM. Funding innovation while bearing down on the nation.

CHINA BITES BACK. THE CHINESE DRAW OUT THE CONSEQUENCES OF US ESCALATIONS.

HOW THE SOCIAL OR COMMON FUND ALLOCATES INVESTMENT ACROSS PRODUCTION IN A COMMUNIST SOCIETY.

I participate in a Zoom group called ‘Why Marx’ which holds two hourly meetings beginning at 7PM London time on Thursday evenings. Interesting topics are chosen. I will be delivering a presentation on the Critique of the Gotha Programme and in order to stimulate a discussion I was sent Sam Gindin’s article on market-socialism which I have reviewed here. If anyone wishes to participate in these discussions and join the group the link to register follows here:

https://us02web.zoom.us/webinar/register/WN_AplKR6yjRimAcaO9o2GZ4w

LEARNING FROM THE MISTAKES OF THE USSR. A BRIEF 21st CENTURY COMMUNIST MANIFESTO.

From time to time I reload my draft programme to bring it to the attention of new readers. I consider it to be the most important document on this website.

ANALYSIS OF THE CREDIT SUISSE GLOBAL INVESTMENT YEARBOOK 2023. The vexing issue of long waves.

YES, THE GLOBAL ECONOMY EXPERIENCED AN INDUSTRIAL RECESSION IN THE FOURTH QUARTER, BUT WHAT ABOUT THE FUTURE?

QUANTUM COMPUTING, STRANGLED OR ENTANGLED; CHATGPT, MORE KICK BOX than CHAT BOT. Including a review of Chapter 5 of Capitalism in the 21st Century Seen through the Prism of Value.

I have reposted this article with two changes. The first makes its clear that an electron acts as a particle in semi-conductor whereas in nature it can have a wave form. And secondly the question posed as to whether deep learning programs based on neural networks can and will rewrite themselves unassisted is a hypothetical Alan Turing type test.

I have come across this interesting article https://www.sciencedaily.com/releases/2022/02/220203160544.htm which discusses a new form of neural network which makes them qualitatively closer to the way the brain works. Up to now neural networks were a software phenomenon not a hardware phenomenon. In other words, in neural networks the microchip connections are fixed unlike in the brain where new connections between neurons continuously propagate and are broken, hence the term neuroplasticity. Now scientists have found a way for non-existing connections to be assembled and disassembled on microchips. Should this be shown to work, then we are in a new paradigm in computing at which time neural networks will no cease to be software avatars.

THE GERMAN ECONOMY FOLLOWING THE INVASION OF THE UKRAINE, together with the growing US budgetary deficit and problems with the UK strike wave.

IN DEFENCE OF GROSSMAN AND ROBERTS. IS THERE A FINAL ECONOMIC CRISIS WHICH WILL FELL CAPITALISM?

ERRATA On page 8 the following correction is needed: “Now given that annual personal consumption typically comprises the cumulative sum of 4 periods of production and circulation, and by reducing it to a single period, the amount of personal consumption is also reduced to one quarter its original size, and now that it is commensurate with circulating capital we find it is only one fifth the size of circulating capital.” The final sentence should now read “…only two fifths the size of circulating capital.” (The exact figure over the whole economy is 38.2% in 2019 and does not include imputations such as owner occupier rents amounting to 8% of GDP)