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No (economic) tendency of the rate of profit to fall according to Book I of the Capital (2021-04)

“The total labour power of society […] is embodied in the sum total of the values” Marx – the Capital Book I : I.1 “The reproduction of a mass of labour power, which must incessantly re-incorporate itself with capital for that capital’s self-expansion; which cannot get free from capital, and

Continuer à lire…No (economic) tendency of the rate of profit to fall according to Book I of the Capital (2021-04)

Measurement and crises of Capital (2013-07)

The measure Even before apprehending the slightest figure, a question arises: how to measure wealth? Two schools then oppose each other: the neoclassical school which sets the usefulness of products as its foundation, and the Marxist school: their value. The usefulness of products is measured in quantity of goods, and

Continuer à lire…Measurement and crises of Capital (2013-07)

The social, technical and industrial reasons which determine the capital/labor ratio (2021-02)

This is an extremely interesting subject. Suppose the capital/labor ratio is 200%. Suppose that, for social reasons, capital is used 8 hours a day, by an army of workers working 8 hours a day, but only during the day. Suppose now that, again for social reasons, the capital is used

Continuer à lire…The social, technical and industrial reasons which determine the capital/labor ratio (2021-02)

Estimating global capital from net capital formation (2021-02)

Spreadsheet – HTML Data source: World Bank. Update 2024-05-31 Capital is the accumulation of net capital formation [1]Net capital formation (formerly net domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land … Continue reading year after year.

Continuer à lire…Estimating global capital from net capital formation (2021-02)

The bourgeoisie wakes up, but remains inconsistent

The president of Leclerc’s strategic committee, Michel-Edouard Leclerc, called for “either the suppression or the generalization” Health pass to all shops, without distinction. Through this request, we can assume that he hopes for a reestablishment of “free and undistorted” competition that eliminates the differential obligation of the sanitary pass among

Continuer à lire…The bourgeoisie wakes up, but remains inconsistent

“Green Pass” & Compulsory Vaccinations: A New Stage in the COVID Counterrevolution

Down with the chauvinist-bonapartist police & surveillance state – defend democratic rights! No to health policy in the service of the capitalist monopolies – expand the public health sector under workers and popular control! — source Manifesto of the Revolutionary Communist International Tendency (RCIT), 29 July 2021, www.thecommunists.net 1. The ruling class in

Continuer à lire…“Green Pass” & Compulsory Vaccinations: A New Stage in the COVID Counterrevolution