Saito: the metabolic rift and de-growth communism

Kohei Saito is an associate professor at Tokyo University and an erudite Marxist scholar.  Not a candidate for a best-seller in the non-fiction book world, you might think.  But you would be wrong in this case.  Saito’s new book (currently in Japanese), which analyses the relationship between capitalism and the planet, has been a smash […]

Saito: the metabolic rift and de-growth communism

THE AUTUMN STATEMENT (or Harmageddon). FROM PROFIT GOUGING TO INTEREST RATE GOUGING.

THE AUTUMN STATEMENT (or Harmageddon). FROM PROFIT GOUGING TO INTEREST RATE GOUGING.

The wage price spiral refuted

Do ‘excessive’ wage rises lead to rising inflation and thus drive economies into a wage-price spiral?  Back in 1865, at the International Working Men’s Association, Marx debated with IWMA Council member Thomas Weston.  Weston, a leader of the carpenter’s union, argued that asking for increased wages was futile because all that would happen would be […]

The wage price spiral refuted

China: Xi’s third term – part two: property, debt and common prosperity

In part one of my analysis of China’s economic future, I dealt with the claims that China would slow towards stagnation because its investment rate was too high, the working population was falling fast and the economy needed to become like mature Western capitalist economies based on consumption-led growth.  I argued that the Western capitalist […]

China: Xi’s third term – part two: property, debt and common prosperity

China: Xi’s third term – part one: growth, investment and consumption

China’s Congress of the Communist Party takes place this week.  This is an important event not only for China, but globally.  The Western media have concentrated on the fact that current party leader Xi Jinping will be confirmed for an unprecedented third term as party leader and thus also continue as President of China when […]

China: Xi’s third term – part one: growth, investment and consumption