seen from Belarus
seen from Canada
seen from China
seen from United States
seen from China
seen from China
seen from United States
seen from Brazil
seen from China
seen from United States
seen from United States
seen from France
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seen from Malaysia
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seen from Canada
Even if the blockade of Hormuz ended tomorrow and oil prices went back to "normal", the instability caused by sudden fluctuations in markets will have effects that will be felt for decades to come and will prompt further desperation on the part of the western bourgeoisie that will give rise to their ultimate demise, either at the hands of the proletariat or at the hands of other bourgeois factions.
More earth toned clothing will be available once Tertel moves to Brighton. Maybe there's the push needed to get colour (via a combined wardrobe situation)
Stoooppp, cause if Lukey starts wearing some of Tertel's clothes it would look so adorable. Tertel already wears super baggy clothes, but they would quite literally hang off Lukey
Dude this would actually fuel the Terkey agenda
I’ve been meaning to follow up on my video about theories of value. I know it was released in November 2022, but I had (1) intensive…
[26 Jan 2025]
To put it bluntly, many seem to believe that eyeballing noisy time series trends and making loose statements about the history of the displayed time period is sufficient to illustrate the TRPF empirically. It isn’t.
Capitalist enterprise continually strives to raise profits by increasing the productivity of labor. This is done by enlarging the scale of production and displacing labor with more efficient equipment working up larger amounts of raw materials, thus lowering the proportion of variable to constant capital. The capitalists, who, in their calculations, convert values into prices of production, i.e., into costs, imagine that constant capital itself produces profit because they include a profit on its consumed portions in figuring costs and selling prices. But as only its own used-up value is incorporated in commodities, constant capital produces no new value and no surplus value; labor, living labor alone produces surplus value, of which profit is the realized form. If the rate and mass of surplus value remain the same after an increase in constant capital, a fall ensues in the rate of profit because the surplus value is now a smaller ratio of a larger total of invested capital, on which the rate of profit is calculated. It can be otherwise only if the elements of constant capital are considerably cheapened; in this case the old or even a higher rate of profit may be secured. The higher composition of capital, however, increases the rate of surplus value: while the living labor incorporated in a commodity falls, the unpaid portion, representing the surplus value, rises. But this rising tendency of surplus value is accompanied by antagonisms which set in motion its opposite, the tendency of the rate of profit to fall. The rise in surplus value produced by the higher productivity of labor can result in a rising rate of profit only under certain definite conditions: if the rise in the value of labor’s surplus product is greater than the rise in the value of constant capital, if all the new fixed capital is set in motion by labor, if prices and profits are not lowered by competition, if markets absorb the enlarged output of commodities and permit complete realization of surplus value and profit. It is the fact that these conditions are rarely, if ever, present simultaneously which activates the tendency of the rate of profit to fall.
Lewis Corey, The Decline of American Capitalism (1934)
Continuing my precarity posting: my contract runs out in the middle of March and so far none of the positions I've applied to have gotten back to me. To add insult to injury, my wife (who was making six figures) was fired today with no explanation.
We're both well educated and we'll be fine, but there are some really hard times coming...
This is the result of the previous brainrot lol:
Title: About Last Night
Pairing: Jannik Sinner/Carlos Alcaraz
Tags: drunk confession, light angst with comfort, longing, mutual pining, +(no beta, we die like djoker at davis cup 2023), first kissies 🫣
Warning: none (but do tell me if I need to add any)
Word count: 1.5k
*thank you for reading!
“In our view, the theory explains the present crisis is a way that is both scientifically legitimate and considerably better than the alternatives currently on offer from the Marxist left. A central mechanism of today’s economic crisis is the fact that the rate of profit in the U.S., UK and several other advanced capitalist countries is now falling, and has been falling since the early years of the postwar boom. The theory explains the cause of this fact: the accumulation of invested capital has outstripped the growth of employment, which tends to depress the rate of profit; and the various “counteracting factors” have failed to offset this tendency over any but short periods.2”
— The Unmaking of Marx’s Capital Heinrich’s Attempt to Eliminate Marx’s Crisis Theory
by
Andrew Kliman, Alan Freeman, Nick Potts, Alexey Gusev, and Brendan Cooney 1 (2013)
2 This crisis theory does not counterpose the fall in the rate of profit to credit-market disturbances and other kinds of financial instability, nor does it privilege the former over the latter. Financial instability is a crucial link between the LTFRP and economic crises, as Marx emphasizes throughout much of the final chapter on the LTFRP in Capital, volume 3. The following statements (by Heinrich and the editors of Monthly Review, respectively) wrongly try to counterpose the LTFRP and financial instability: “a systematic treatment of crisis theory is not possible on the immediate basis of the law of the tendential fall in the rate of profit (as suggested by Engels’s edition of the third volume of Capital), but rather only after a presentation of interest-bearing capital and credit” (emphasis in original). “Marx ... never ceased to discard earlier formulations; for example, at the end of his life he was focused on questions of credit and crisis.” For a discussion of the empirical trend in the rate of profit that takes financial investment into account, see Freeman (2012/13). [?]”
