THEPLANNINGMOTIVE.COM

IN DEFENCE OF GROSSMAN AND ROBERTS. IS THERE A FINAL ECONOMIC CRISIS WHICH WILL FELL CAPITALISM?

ERRATA On page 8 the following correction is needed: “Now given that annual personal consumption typically comprises the cumulative sum of 4 periods of production and circulation, and by reducing it to a single period, the amount of personal consumption is also reduced to one quarter its original size, and now that it is commensurate with circulating capital we find it is only one fifth the size of circulating capital.” The final sentence should now read “…only two fifths the size of circulating capital.” (The exact figure over the whole economy is 38.2% in 2019 and does not include imputations such as owner occupier rents amounting to 8% of GDP)

IS RUSSIA AN IMPERIALIST NATION?

The war in Ukraine is approaching its climax putting the world on alert. I was asked to write an article analyzing Russia. My conclusion has always been that it was not an imperialist nation. Those who characterize it as such, and therefore condemn Russia as equally culpable for the war, do not serve the interests of the international working class but that of imperialism itself.

THE US vs CHINA: DESPITE THE GROWING ECONOMIC HEADWINDS, THE USA CONTINUES TO STIR UP POLITICAL WHIRLPOOLS.

THE MILITARY RINGS ENCIRCLING CHINA ARE BEING REINFORCED. The Biden Kishida summit this week.

EXAMINING THE EQUALISATION OF THE RATE OF PROFIT BETWEEN 1987 AND 2021 USING BOTH FIXED AND CIRCULATING CAPITAL.

THE DAYS OF THE US TECH LEVIATHANS ARE DRAWING TO A CLOSE.

It is worth noting that Huawei, for the first time in 2022, broke into the ranks of the 10 ten corporations, both foreign and local, obtaining patents within the USA in 2022. https://www.huaweicentral.com/ibm-loses-first-time-in-10-years-huawei-enters-top-10-in-us-patent-race/

CAPITALISM IN THE 21st CENTURY THROUGH THE PRISM OF VALUE.CAPITALISM IN THE 21st CENTURY. More of a diamond than a prism.

Review of the recently published book authored by Guglielmo Carchedi & Michael Roberts.

A WINTER OF DISCONTENT OR DISORGANIZATION. Perspectives for Britain.

The reader is asked to pay particular attention to the cumulative loss in GDP from the end of 2019 to 2023 which could exceed the losses experienced by the British economy during the Great Depression from 1929 to 1934.

US OFFICIAL ECONOMIC DATA BECOMES MORE REALISTIC ROCKING THE MARKETS.

Over the last two months the markets have rallied with relief over prices stabilizing. They have not bothered to look past the reasons why prices have stabilized and even if they had done so, they would have been mollified by inflated official data. This week it changed. The disparity between official data and surveys had become too glaring. The negative economic releases this week were a reality check for the markets. From now on the markets will be driven by data and by earnings and little else. In this sense we have entered the ultimate phase of the collapse of the markets, the phase where the outlook for the economy and earnings dominates the markets.

COMMUNIST CREATIVITY FREED FROM THE CONSTRAINTS OF CAPITAL.

This article was inspired by a growing number of films and series based on the birth of a number of key Apps which have played such a large role in shaping our modern culture. More precisely they expose the torturous geneses of these Apps – the stages of deception, betrayal and dehumanization – they had to pass through to gain the approval of capital.