The Real Movement

2 min read 2021-12-08 00:49:18

Rate versus Mass…

Bloomberg is pretty giddy over the fantastic share of GDP falling to the coffers of the US national capital: “U.S. corporations pulled in more

1 min read 2021-11-23 01:49:22

I kind of like this exchange, where anon accused me of arguing that full communism is possible long before it was demonstrated by the sudden

1 min read 2021-11-10 00:49:32

In the last post I made a preposterous claim that Fred Moseley could have explained the post-1971 economic malady of stagflation, instead of wasting

1 min read 2021-10-26 23:38:05

At the end of fiscal year 1970, in nominal dollars, the post-war US debt outstanding (blue line) hit the amazing sum of $370 billion and was

1 min read 2021-10-25 10:15:00

Okay, so this is totally speculative so you don’t have to take it seriously. Of course, no one takes anything I write seriously, so no change,

1 min read 2021-10-22 06:41:34

I have been reading Moseley’s 2011 paper, “The Determination of the “Monetary Expression of Labor Time” (“MELT”) in the Case of

1 min read 2021-09-30 07:03:18

Let’s say you’re the President of these United States and you order your generals to leave Afghanistan. But your generals tell you that if they

1 min read 2021-09-23 04:13:39

For the past two years or so, Washington has pumped almost 6 trillion dollars of deficit spending into the so-called US economy. Yet after this

1 min read 2021-09-14 01:19:41

This post continues from here Marx was emphatic that labor power is not labor; it is a commodity. But he was equally emphatic that it is not an

1 min read 2021-09-10 08:05:33

Biden’s Covid-19 mandate was a surprising u-turn. In a single set of measures, he: ordered millions of federal government employees to get

1 min read 2021-09-04 22:37:40

GRAPH: Rules Depending on More Than One RelationSOURCE: Wolfram Physics Project This post continues from here Now, I will admit that it is not very

1 min read 2021-09-04 01:05:50

How much is wage slavery killing not only you, but the planet too? Scientists have an idea, according to a recent article from the Guardian: The

1 min read 2021-08-31 00:52:10

This post continues from here Michael Heinrich thinks Marx prediction of capitalism’s inevitable collapse as a result of progressive substitution

1 min read 2021-08-29 21:20:09

In 2013, Michael Heinrich wrote an essay on what he considered the basic fallacy of Marx’s labor theory of value that included these words: In

1 min read 2021-08-29 19:27:24

Carbon emissions fell at the fastest rate in the last 30 years, driven entirely by the reduction of hours of labor forced on countries by the