The world is becoming more unequal and the growing divide is driven by the imperatives of international capitalism and imperialism. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
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 […]
COP30 was devastatingly horrendous – we are without question heading for disastrous climate breakdown. Michael Roberts is an Economist in the City of London and a prolific blogger.Cross-posted from Michael Roberts’ blog The usual joke about […]
Some of the big questions about modern capitalism are taken on here. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog You can read part 1 […]
Chile looks to be another country in Latin America where the left is on the way out, with Boric’s government failing to tackle the cost of living crisis. Cross-posted from Michael Roberts’ blog Chile had […]
The global south (excluding China) is falling further behind the global north due to trade and finance between the two being organised along imperialist lines. Michael Roberts is an Economist in the City of London […]
The US stock market is bullish, but there are signs that the financial system has found new ways to re-produce risky lending crisis eerily familiar to the notorious sub-prime loans in 2008. Michael Roberts is […]
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 […]
The US economy would be in recession-territory if it were not for the enormous bet that has been placed that AI really will deliver productivity growth in short order, a bet that looks perilous. Michael […]
Gold is another speculative asset class and a hedge against the US Dollar. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog This week the price […]
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