FIRST THE ENERGY COMPANIES MAKE EXTRAORDINARY PROFITS, NOW IT’S THE TURN OF THE BANKS

SO THIS IS HOW GREAT EMPIRES FAIL THEN FALL.

GERMAN, JAPANESE and BRITISH PROFITABILITY FOLLOW THE FALL IN US and CHINESE PROFITABILTY.

If you want more worksheets, for example on Japan, please request it via the email address on this site.

 IS THE DOLLAR STILL WORTH A BUCK?

US PROFITS HOLD UP IN Q4 2022 BUT CHINESE PROFITS COLLAPSE IN JAN-FEB 2023.

A number of prominent recent financial reports and commentaries focus on how much more accommodating and open the Chinese Communist Party has become to business and foreign investment. The reason for this is established by the graph in this article covering China’s Complex Rate of Return which shows a sharp deterioration. The collapse in profitability in China has forced the CCP into the arms of private capital as it seeks a way out of this crisis. Make no mistake, like all market economies producing for profit, reversing the collapse in the rate of profit is essential if China is to regain its dynamism once more.

THE STARK CHOICES FACING THE FED; INFLATION vs SAVING THE BANKS, or is it so stark?

In the article I pointed out that the bulk of layoffs currently are amongst higher paid workers. This is confirmed by the news that Indeed the employment agency, is sacking 15% of its workforce thereby revealing that the record number of job openings are a fiction, they are either stale or duplications. What the FED does not appreciate is that the loss of higher paid jobs outweighs the addition of lower paid jobs. Thus a qualitative analysis which looks at the nature of the job losses and creations, rather than the crude and inaccurate BLS survey of jobs, shows that the overall purchasing power of wages is falling given where the job cuts are concentrated.

THE UK SPRING BUDGET. THE DEMISE OF NEO-LIBERALISM. Funding innovation while bearing down on the nation.

CHINA BITES BACK. THE CHINESE DRAW OUT THE CONSEQUENCES OF US ESCALATIONS.

HOW THE SOCIAL OR COMMON FUND ALLOCATES INVESTMENT ACROSS PRODUCTION IN A COMMUNIST SOCIETY.

I participate in a Zoom group called ‘Why Marx’ which holds two hourly meetings beginning at 7PM London time on Thursday evenings. Interesting topics are chosen. I will be delivering a presentation on the Critique of the Gotha Programme and in order to stimulate a discussion I was sent Sam Gindin’s article on market-socialism which I have reviewed here. If anyone wishes to participate in these discussions and join the group the link to register follows here:

https://us02web.zoom.us/webinar/register/WN_AplKR6yjRimAcaO9o2GZ4w

LEARNING FROM THE MISTAKES OF THE USSR. A BRIEF 21st CENTURY COMMUNIST MANIFESTO.

From time to time I reload my draft programme to bring it to the attention of new readers. I consider it to be the most important document on this website.