Category Archives: Marxism

What will happen in world capitalism 2022?

Forecast for 2022 At the beginning of each year, I make an attempt to forecast what will happen in the world economy for the year ahead.  The point of making any forecast at all is often ridiculed.  After all, surely … Les meir

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Significant fall in profitability continues in US-capitalism

The US rate of profit in 2020 Once again, it is time to look at what is happening to the rate of profit on capital in the US.  I do this every year and the official US data are now available … Les meir

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Where will China go? Regulated state-owned or market economy?

Views on China The Chinese Communist party’s central committee recently held its sixth plenum, to discuss “the major achievements and historical experience” of the party in its 100-year-history, as well as to consider policy “for the future.”  Just after this, Jamie Dimon, the … Les meir

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The other 11th September! To remember – 48 years!

4 Things to Remember About Chile’s 1973 Coup June 26 marked the birthday of former president Salvador Allende, who died in the   coup. Salvador Allende, the iconic left-wing leader and one of Chile’s best known presidents, was born on this … Les meir

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The Earth is a commodity for sale to the highest bidder!

Global warming: planning not pricing Carbon pricing and carbon taxes are now proposed by international institutions and mainstream economics as the main solutions to ending global warming and destructive climate change.  For some time, the IMF has been pushing for carbon … Les meir

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The Richest gets Richer when the Worlds Imperialist meets in UK

Imperialism meets in Cornwall This weekend, the leaders of the ‘free world’ are flying (and helicoptering) into Cornwall, at the tiny end of England, for the first physical meeting of the G7 nations.  As they increase the carbon footprint sharply through … Les meir

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Is the Covid19 Pandemic Significant Destruction of Capital Values to Make a Longish Capitalist Boom or Continuing of the Long Depression?

The roaring twenties repeated? The latest data on economic recovery in China and the US suggest that both economies should be back to or above the pre-pandemic levels of national output by the end of this year (in the case of … Les meir

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The Global Economy and the Pandemic – And Capitalist Profit

The year of the pandemic – By Michael Robert It is one year to the day since the World Health Organisation (WHO) declared the COVID-19 outbreak or epidemic as a ‘pandemic’, namely the global spread of the disease.  Of course, COVID-19 had emerged … Les meir

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Small Investors Hits Big Hedge Funds Hard on Wall street!

Stop the game – I want to get off! Michael Roberts Blog ‘Hedging’ used to be a way reducing the risk of selling or buying.  Farmers waiting for their harvest to come in are uncertain about what price per bushel they … Les meir

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The law of the tendency of the rate of profit to fall – In the light of todays capitalism

A world rate of profit: a new approach Marx’s model of capitalism assumes a world economy, and starts with ‘capital in general’. It was at that level of abstraction that Marx developed his model of the laws of motion of capitalism … Les meir

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