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YET ANOTHER VALUABLE PIECE OF RESEARCH INVALIDATED BY USING ANNUAL COMPENSATION INSTEAD OF VARIABLE CAPITAL

ERRATA. the date this article was published was in fact the 31st December 2023.

I hope this will be the last time I have to correct a notable article for failing to use turnover in its calculations. This article and the previous two form a trilogy which demonstrates in a practical manner why turnover cannot be excluded, and why when excluded, it results in false positives, aka a misinterpretation of reality.

WHEN ESTIMATING THE RATE OF PROFIT IT IS IMPERMISSIBLE TO USE MARKET VALUE INSTEAD OF CURRENT COST & ANNUAL COMPENSATION INSTEAD OF VARIABLE CAPITAL.

Currently, I seem to be repeatedly correcting authors who are not deploying Marx’s categories scientifically. I may as well extend this criticism to the FED itself as I have done in this article.

Review of a fundamentally flawed article which violates Marx’s method by using an impermissible assumption.

It seems that latterly I find myself in the position of having to correct authors who are using Marx’s categories incorrectly. In the case of these authors there was no reformist agenda, but rather an agenda influenced by the specific set of circumstances found in dependent countries. While it is true these economies under-sell their exports and over-pay for their imports, that they are cursed by under-valued currencies, this cannot be allowed to contaminate the categories established by Marx to expose and explain the dynamics as well as the failures of capitalist production.

TESTING U.S. NOVEMBER ECONOMIC DATA.

REVIEW OF THE ARTICLE IN ‘THE NATION’ TITLED: “Israel Is Losing This War”

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.