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AFTER RISING IN Q2, JAPANESE PROFITS FELL BACK IN Q3.

UNLIKE THE USA, CHINA’S RATE OF PROFIT DID NOT HOLD UP.

The complex rate of return in China has resumed its decline. The CCP now has no choice but to act as capitalists or fail. They have to break the politically sensitive social contract by ratcheting up the degree of exploitation to support the rate of profit. To do this the need to force down wages and with it standards of living.

THE US RATE OF PROFIT HOLDS UP IN Q3, BUT FOR HOW LONG?

GERMAN Q3 ECONOMIC DATA SHOWS CONTINUED WEAKNESS

THE UK AUTUMN STATEMENT 2023. DESPERATE TORIES, UNAFFORDABLE TAX CUTS.

OPENAI, WHY PROFIT AND SAFETY CANNOT CO-HABIT.

OCTOBER ECONOMIC DATA FOR THE USA AND CHINA PLUS THE BIDEN XI SUMMIT ANALYSIS.

GIVE WAR NA CHANCE!

THE FED & THE MARKETS, ARE THEY ON THE SAME PAGE?

IT’S MORE THAN A POLYCRISIS, IT’S A COMPOUNDED CRISIS.

This article was inspired by a talk Michael Roberts gave at the Marx Memorial Library in London recently where he investigated, inter alia, the ‘polycrisis’ confronting capitalism. This article shows the compounding effect of the 4 major crises capitalism has to deal with by focusing on the effect they have on cost-price and therefore the all important rate of profit. I remain convinced capitalism does not have the capacity to weather these simultaneous crises which is why we could be entering a revolutionary period.