PUTTING PROVID BEFORE WORKERS TO REOPEN THE ECONOMY.

reversing lockdown pdf

THE TWO FORMULAS FOR WORKING CAPITAL. (a reverse proof.)

two formulaes for working capital

solving working capital both directions (spreadsheet)

A ZOOM DISCUSSION WITH MICHAEL ROBERTS ON THE PROSPECTS FOR THE WORLD ECONOMY post-LOCKDOWN.

Zoomibar Michael

This is a very topical discussion and one with which the Bank of England has engaged in. It projects a 14% fall in GDP this year (the most in 300 years) followed by a 15% jump next year. This means a net rise in GDP of 1% over two years. This bounce back could have been justified had the world economy been in good health, instead of suffering a severe underlying condition, chronically low profitability. In the face of a profit crisis, Brexit and a fracturing global economy, that projection of bounce back is the most optimistic since capital first deprived labourers of their instruments of production turning them into an industrial proletariat.

THE DYSFUNCTIONAL NEO-LIBERAL STATE.

the neo-liberal state

In today’s Financial Times, an article titled “Consultants Under Fire Over Speed of Contracts” is critical of the UK government’s outsourcing of critical responses to controlling the pandemic. The lack of capacity in the state forced the cabinet to rely on the Big Four Accountancy firms and McKinsey for building hospitals and sourcing equipment. Call them intensive care accountants. None of these contracts were tendered, no value was put on them, nor was there any disclosure of the fees paid despite the 30 days disclosure period having elapsed. This pandemic has revealed the limitations of the neo-liberal state and its vulnerability to extortion.

In war and in sickness, there is always money to be made by the connected capitalists.

WHEN WAR LOOMS, PROTECT THE TRUTH AT ALL COST.

Xi vs Trump, the viral lies

REVIEW OF THE US ECONOMY BEFORE THE PANDEMIC.

US economy Q4 2019 pdf

TABLE 1.14 QUARTERLY UP TO Q4 2019 (spreadsheet)

GO UP TO Q4 2019 (Spreadsheet)

 

The British Office for National Statistics has revealed that 91% of those who died from COVID-19 had at least one underlying condition, that is they were chronically ill already. This virus is shining a harsh light on capitalism and its medical model, which instead of returning patients to health by restoring function, keeps them in ill-health by taking over function, making them dependant on prescribed drugs. This “drug dealing” is the central issue thrown up by this virus, and we should not be distracted by nonsense such as the origin of the virus.

THE TUG OF WAR BETWEEN THE VIRUS AND FISCAL STIMULI.

tug of war pdf

THE DRUMS OF WAR RESUME THEIR BEAT.

drums of war pdf

COVID-19. WILL ANGER REPLACE FEAR, ONCE THE PLAGUE SUBSIDES?

Trotsky and money pdf

RECESSION FOR CHINA, DEPRESSION FOR THE EU AND USA?

recession vs depression pdf