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Jan 5, 2025 | 
cadtm.org | Michael Roberts
This is what I said in a post for the forecast of 2024: “In sum, 2024 looks like being one of slowing economic growth for most countries and probably more slipping into recession in Europe, Latin America and Asia. The debt crisis in those countries in the so-called global south that don’t have energy or minerals to sell will worsen.
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Nov 10, 2024 | 
cadtm.org | Michael Roberts
Trump’s vote did not rest on small margins in a handful of swing states, as was the case when he won in 2016. Instead, he gained support across the electoral map in states both red (Republican) and blue (Democrat). Even in his birthplace of New York state, one of the bluest strongholds in the country, Trump winnowed a 23-point gap down to 11.
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Nov 5, 2024 | 
cadtm.org | Michael Roberts
In one sense, who wins matters little to big finance and big business. Both candidates are dedicated to the capitalist system and making it work better for the owners of capital. Larry Fink of BlackRock, the world’s largest asset Asset Something belonging to an individual or a business that has value or the power to earn money (FT).
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Nov 4, 2024 | 
bitperfect.pe | Michael Roberts
In an effort to boost cryptocurrency literacy, Binance has launched an exciting new initiative for its users to deepen their understanding of crypto terminology. The “Word of the Day” game, which is centered around the theme of crypto mining, provides participants with the opportunity to enhance their vocabulary in the digital currency space. Engaging Crypto EnthusiastsThis innovative game encourages participants to engage with new crypto-related words daily.
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Oct 22, 2024 | 
cadtm.org | Michael Roberts
After WW2, the IMF IMFInternational Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.
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Oct 9, 2024 | 
links.org.au | Michael Roberts
First published at The Next Recession. A site called Marxism and Collapse (M&C) has conducted a ‘dialogue’ with an AI model called Genesis Zero (GZ) that includes “an expansion and refutation” of Marx’s theory of value. The human voice (M&C) asks questions and leads the AI model (GZ) into discussing the inadequacies of Marx’s value theory and to reach a new, better theory. The main parts of the Genosis Zero-Gustavo Petro discussion on Marx Theory of Value are found here.
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Oct 2, 2024 | 
cadtm.org | Michael Roberts
Where is China going from here? According to the Western media and mainstream economists, either into total meltdown or stagnation, Japanese-style. Here is a representative example of this view. https://www.ft.com/.../e6e1d130-5f2e-446a-9120... My own view has been spelt out in various papers and articles.Here is my view of the nature of the Chinese state and its economy. https://www.academia.edu/.../China_as_a_transitional... And here are some recent posts on the current state of the Chinese economy.
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Sep 28, 2024 | 
cadtm.org | Michael Roberts
The latest opinion polls indicate that the neo-fascist Freedom Party (FPÖ), founded in the 1950s by former SS officers will end up being the largest party at 27%, just ahead of the conservative People’s Party (ÖVP) at 25%, who currently lead the incumbent coalition government with the Greens. The Social Democrats (SPO) are running third with 21%.
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Sep 21, 2024 | 
cadtm.org | Michael Roberts
Rising indebtedness and concern over the ability to service its external debt, a sharp deterioration in the country’s ability to export (exports of goods and services which accounted for around 35% of GDP GDPGross Domestic Product Gross Domestic Product is an aggregate measure of total production within a given territory equal to the sum of the gross values added.
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Sep 12, 2024 | 
cadtm.org | Michael Roberts
Michael Roberts worked in the City of London as an economist for over 40 years. He has closely observed the machinations of global capitalism from within the dragon’s den. At the same time, he was a political activist in the labour movement for decades. Since retiring, he has written several books. The Great Recession – a Marxist view (2009); The Long Depression (2016); Marx 200: a review of Marx’s economics (2018): and jointly with Guglielmo Carchedi as editors of World in Crisis (2018).
