THEPLANNINGMOTIVE.COM

CAPITALISM IS NOT COPING!

CHINA CURRENT RATE OF PROFIT and US retail data filled with false positives.

Chinese GDP data was released shortly. GDP at 4.9% for Q3 came in below expectations of 5.2% and represented a mere 0.2% increase on Q2. The only data point to beat expectations was retail sales but that was to be expected when ‘official’ RPI data came in at a paltry 0.7% for September.

WILL THERE BE A SEVERE CORRECTION OR EVEN A STOCK MARKET CRASH THIS OCTOBER?

I have replaced the original posting because I failed to factor in subsidies when calculating the profit margins of US non-financial corporations. I have now corrected for this.

October has come and gone. The markets have survived a collapse in GDP growth, a compression between short and long term interest rates, the lack of growth in revenue and earnings between Q2 and Q3 instead concentrating on comparisons with 2020, the compression in margins in three quarter of companies reporting and so on. It appears a much bigger shock is needed.

THE UK RATE OF PROFIT FROM BLAIR TO JOHNSON. Why a high wage economy is out of reach.

THE LABOUR CONFERENCE: BLAIRISM, FIRST THERE WAS THE TRAGEDY NOW THE FARCE.

HARMONISING TRANSFORMATION WITH REPRODUCTION. Solving the transformation problem.

Alongside the Draft 20th Century Programme, I consider this article of the utmost importance, because it answers the criticisms levelled at Chapter 9 in Volume 3, and the Reproduction Series in Volume 2 as a whole. It shows what competition effects blindly, can be also be modelled consciously.

CHARITY WORK IS THE MOST UNPRODUCTIVE OF LABOURS.

HEATING or EATING or TREATING? British workers forced to pay for the Pandemic.

HARMONISING TRANSFORMATION WITH REPRODUCTION. More observations and proofs.

MAKING THE LAW OF VALUE BULLET PROOF. Harmonizing transformation with reproduction.

It was said that once values were transformed into prices, Marx’s Reproduction Schema collapsed due to disproportions. This article shows this not to be true provided the correct assumptions emerge. In addition, in my earlier articles on the Transformation Problem it was unclear whether the amount of surplus value being transferred was a single transfer or a double transfer. That error of omission is cleared up by this article. Thus this article should be read in conjunction with the article titled: Comprehensive Update to the Transformation Problem.