LEVELLING UP WITHOUT COUGHING UP.

The Tories may have a large majority, but they have an even larger problem, and I am not only referring to Johnson.

INNATE DEBT. The accumulation of debt during the industrial cycle.

If the hypothesis in this article cannot be disproved it has profound implications for capitalists crisis theory. In addition, it helps explain the dependency of industrial capital on financial capital.

IMPERIALISM, DRIVEN BY THE FALL IN THE RATE OF PROFIT

This article looks at imperialism via the prism of Marx’s reproduction schema. Marx’s earlier tables in Volume 2 in the Sections on “Simple and Expanded Reproduction” have been turned into modern input-output tables which are easier to grasp. What they show is that the immediate cause of all economic crises together with the resulting intensification of competition, both nationally and internationally, is due to changes in the consumption of the economic surplus by the capitalist class as influenced by movements in the rate of profit which governs their consumption.

IS CHINA A CAPITALIST STATE OR NOT?

The misnamed Chinese Communist Party recently celebrated its 100th anniversary. Its century was filled with trials and tribulations, but is as nothing to what is to come. In the next post I will examine the issue of imperialism more closely, examining the causes driving capitalism to absorb new markets.

THE BIG BANG: IS IT BEHIND US OR IN FRONT OF US? Capitalism’s five trials.