us-rate-of-profit-q3-2022Download table-1.14-up-to-q3-2022-preliminaryDownload table-1.14-annual-1970-2021DownloadUS LONG TERM RATE OF PROFIT, AND THE FALL IN THE QUARTERLY RATE UP TO Q3 2022.
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.
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