For Marx, well before when Keynes spoke of capitalism a ‘monetary economy of production’ (Keynes) , money as an independent expression of a certain amount of value, is the form through which capitalists can control that the process of valorization […]
The Current Financial Meltdown: A Crisis of Finance Capital-Driven Globalisation
What are fitted values in statistics? The values for an output variable that have been predicted by a model fitted to a set of data. a statistical is generally an equation, the graph of which includes or approximates a majority
Global Significance of Chinese Investments
Alan Freeman, Geopolitical Economy Research Group, University of Manitoba afreeman@iwgvt.org www.geopoliticaleconomy.org 5 May, 2018 Nichts ist schwerer und nichts erfordert mehr Charakter, als sich in offenem Gegensatz zu seiner Zeit zu befinden und laut zu sagen: Nein. – Tucholsky Zu
Der Unbehagen der Marxisten. Crisis, finance, and the falling rate of profit
Interlude on the Model It is here that we might arrive at what I believe to be the most significant generic distinction regarding what kind of book it is. It is a book that makes models. A model always involves
Final Remarks ( The Crisis and the Rift: A Symposium on Joshua Clover’s Riot.Strike.Riot)
Dear comrades and friends, In order to answer the question stated by the organizers of this very important meeting, we must speak about neoliberalism and the financial sphere.Neoliberalism is a form of capitalist exploitation, i.e. of extracting surplus valueand stren
The character of the crises: Seeking a way-out for the social majority
The externalist view argues that we can make sense of, and profit from stock markets’ behavior, or at least few crucial properties of it, by crunching numbers and looking for patterns and regularities in certain sets of data. The notion
The Statistical Physics of Stock Markets
If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather by irrational sentiment,
As the Dow plummeted in the previous week, the far Right in the US has leaned in to ‘Jewish banker’ conspiracy theories. By that view, Goldman Sachs is sabotaging Making America Great Again. Some on the Left have echoed the
Stock market falls and fascism
Dear friends and comrades, I will argue that the return of statist and nationalist policies does not actually mean that Neoliberalism is being challenged. Neoliberalism is a form of capitalist goverrnmentality, a form of organizing the power of capital over
After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?
The short answer is yes. However, the big question has to do with timing and how the crash will be experienced and by whom. Typically, an economic crash means that the value of owned income-generating assets like stocks (shares in companies) are
Are We Heading for Another Economic Crash?
