In the United States, workers are getting poorer as prices rise, but big tech firms are booming via the AI bubble, hence the economy’s K-shape. Michael Roberts is an Economist in the City of London […]
Capitalism is stagnant because, rather than unprofitable firms going bust to create space for new upstarts, debt is being used to keep ‘zombie’ companies alive and maintain political stability. Michael Roberts is an Economist in […]
Libertarian economics was always farcically out-of-touch with the realities of modern capitalism and it has proved as such in the case of Javier Milei, perhaps the world’s only libertarian head of state. Michael Roberts is […]
Marxist economic analysis of immigration, China, profitability and whether exchange value can be derived from knowledge. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog The […]
The growing signs of stagflation defy mainstream analysis, which is predicated on the idea that employment and inflation are always moving in opposite directions. Michael Roberts is an Economist in the City of London and […]
Top technocrat demands all European governments bend to his technocratic will. Read the article HERE.
The IMF and its academic acolytes want more austerity and privatisation, ignoring the fact that these ‘good policies’ are what got us here. Michael Roberts is an Economist in the City of London and a prolific […]
A run-through of a good chunk of the latest political economy literature. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog It’s mid-summer in the Northern […]
A recent Marxist economics conference explored a wide range of topics, including the UN, declining American hegemony, global inequality, Greece, and the rate of profit Michael Roberts is an Economist in the City of London […]
The Keynesian idea of an international system to balance global trade surpluses and deficits between countries is a utopian fantasy. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
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