Workers of the world, unite!
Very simple: divide the total household consumption by the average world population. Or, in 2022: $PPP88892257364009 / 7950946801 = $PPP11180 Or an average consumption of € 10612 PPP per year and per person in 2022 (price: France).
Lettre à la ICL-FI (extract), 28 Juin 2021. The ideology of an association is determined by its social composition. However, political organizations determine membership in their party according to ideological principles. In the case of communist organizations, this is illusory because : an organization whose social composition is not proletarian
Continuer à lire…The social composition of a party takes precedence over its ideology
“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
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)
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
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)