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)