THE PANDEMIC HAS PROVIDED A UNIQUE OPPORTUNITY TO EXAMINE THE PRODUCTION AND DISTRIBUTION OF PROFITS.

‘WHY MARX WAS RIGHT’ and where Terry Eagleton is wrong.

As dialectical materialists we are barred from hypothesizing about “what” the future will look like. However, provided we meet the following threshold – a concrete understanding of the inner workings of the capitalist mode of production – we are not debarred from hypothesizing about “how” the future can work. This article analyzes Mr. Eagleton’s worthwhile book.

FICTITIOUS CAPITAL IS NO FICTION.

This article is based on data for the US only provided by the BEA.

Please note, this article confines itself to that element of Tier 2 fictitious capital involved in pure speculation. There is no intention to discuss the element of hedging risk, which seeks to reduce volatility rather than promote it as in the case of pure speculation.

THREE TRAGEDIES BORN IN THE WOMB OF NEO-LIBERALISM.

TRUMPISM DISSIPITATES WHILE DISCONTENT GROWS.

JANUARY 6TH, THE DAY TRUMP MADE ‘AMERICA BREAK’.

This article analyses the US economy, but it also pays tribute to the wave of Chine investment which drove the world economy up to 2014. To avoid confusion, it must be recognised that this wave ebbed because the complex rate of return in China (profitability) began to fall in 2013 and only for this reason. This was a function of the increase in the composition of capital. Thus, methodologically it is profitability that initiates investment rather than the other way round. This point was not emphasized in the body of the article.

WHILE CHINA PREPARES TO RULE THE WAVES BRITAIN BELIEVES IT STILL RULES THEM.

THE CURTAIN IS ABOUT TO COME DOWN ON THE LONGEST RUNNING POLITICAL PANTOMINE

As expected Britain and the EU have signed a business deal that protects their respective industries. All of 2000 pages. Just shows how forbidingly complex private property with its myriad antagonisms really is. How wasteful.

THE CHINESE CENTURY. The Technology Gap Closes.

THE PRESIDENT WHO MADE “AMERICA BREAK”.

I have added a new spreadsheet which details the subsidies received by corporations. In the article I state that it is difficult to untangle subsidies from taxes but the BEA has done so in the spreadsheet entitled covid-subsidies. Please view Line 20. Total subsidies seem to equal the entirety of the CARES Act at $2.2 trillion. If that is the case then clearly some of these subsidies could not have emanated from the Act itself.