over-production
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Is AltE Truly the Best Solution to Climate Catastrophe?
The world is threatened with environmental disaster and capitalists hope to make a killing off of it. Fossil fuel (FF) companies claim they are “environmentally friendly.” Other corporations promote nuclear energy, hydro-power (dams), and solar and wind power as the best energy alternatives. Continue reading
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Productivity, investment and profitability By michael roberts
Radical economic historian Adam Tooze recently tweeted that “Whenever I see figures for the decline in the (advanced economies) AE productivity growth rate I am left puzzling: do we really have an explanation? Do we really have an explanation?” Continue reading
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TOWARDS A UNIFIED THEORY OF THE CAUSES AND LIMITS TO THE INDUSTRIAL CYCLE
Capitalism is society’s first chaotic industrial society which by tending to recurring crises demonstrates its transitory nature. Marx was not the first to note the industrial cycle, it was well known to Smith and Ricard. Marx provided a primary and subsidiary explanation for these recurrences, but because this explanation was disjointed, it led those who… Continue reading
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The global slowdown: US trade war comes home By Andre Damon
The term “decoupling,” referring to the severing of trade ties between the United States and China, has, to quote one commentator, become the “talk of Washington.” The two countries are embroiled in what has been widely described as a “new cold war,” in which, in the words of former Treasury Secretary Hank Paulson, an “iron… Continue reading
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You Can Always Tell By S.Artesian
Leading indicator: Here’s how you know when an upturn in the economy is beyond its peak, has run its course; that the wolf at the door is actually a bear; that it’s time to head for the exits before they get nailed shut; that the next big thing in this world of, by, and for… Continue reading
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From Surplus to Over Production By S. Artesian
Capital is a specific condition for the development, appropriation, distribution, and accumulation of surplus product. That specific condition is the condition of value, where the products are exchanged in proportion to the social human labor time necessary for their reproduction. The historical basis for that condition is the separation of the forces of production from… Continue reading
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End of the year or end of the world (as we know it)? By William Bowles
So perhaps in the final analysis, this is all for the good. Maybe now we’ll wake up to the reality of our lives, that lives that are spent working to do little more than consume is a fantasy. The real question is however, what are we going to do about it? Continue reading
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Lies, nothing but damn lies and then there’s the mass media… By William Bowles
The US, along with the UK via their military and economic control, especially over the financial and oil markets are directly responsible for the current crisis, a crisis compounded by the massive financial fraud perpetrated by the major banks and investment corporations, a fraud that ordinary working people are being forced to pay for. Continue reading
The New Dark Age 