US LONG TERM RATE OF PROFIT, AND THE FALL IN THE QUARTERLY RATE UP TO Q3 2022.

us-rate-of-profit-q3-2022Download table-1.14-up-to-q3-2022-preliminaryDownload table-1.14-annual-1970-2021Download

US LONG TERM RATE OF PROFIT, AND THE FALL IN THE QUARTERLY RATE UP TO Q3 2022.

IN THE MARKETS WE TRUSST. A Brief Review of the UK Government’s U-turn in the face of the BOE’s intransigence.

the-hunt-for-truss-1Download The delusional Truss became the most short-lived Prime Minister in British history. Boris Johnson is trying to regain the Premiership. In the article I posed the question whether the populist wing of the Tory Party had been crushed or not? The answer is it has. Therefore, it is highly unlikely that Johnson will prevail […]

IN THE MARKETS WE TRUSST. A Brief Review of the UK Government’s U-turn in the face of the BOE’s intransigence.

The three contradictions of the Long Depression

One of my basic theses about modern capitalism is that since 2008, the major capitalist economies have been in what I call a Long Depression.  In my book of 2016 of the same name, I distinguish between what economists call recessions or slumps in production, investment and employment; and depressions.  Under the capitalist mode of […]

The three contradictions of the Long Depression