The economic cycles of Europe and North America and Britain dictate the course of world economic.affairs so pay no heed to those predicting the ultimate collapse of capitalism.
The 70-year Kondratiev cycle followed by a 20-year depression best describes the mainland European economies because of their dirigisme. Minor fillips are ironed out by The Strong State during the long boom in these countries in Germany and the Presidential State in France,Dem Deutschen Volke and "L'Etat,c'est moi" respectively. China runs on the French model and is no different to Germany. It has embarked on a twenty-year recession.
Britain and North America have the classic 'free market' model modulated by Keynesian pump-priming which finds its expression in massive infrastructure spending. Infrastructure spending has taken the place of borrowing unemployed capital to bury it in the military budget and thereby prevent it becoming a deadweight on productive and industrial capital in the world economy.
Britain and North America have had 8 years of continuous growth and would in their different situation expect a moderate recession.
Will a massive world recession come to pass as the hurlers on the ditch predict?
If the health pandemic and 3-month closure of businesses proves anything it is that there are vast amounts of unemployed capital in the world economy looking for a borrower and this is precisely what world governments have drawn down to cover day-to-day costs.
No recession therefore, neo-cons and merchants of doom, but rather plain sailing for all of Western Europe and North America.
The 70-year Kondratiev cycle followed by a 20-year depression best describes the mainland European economies because of their dirigisme. Minor fillips are ironed out by The Strong State during the long boom in these countries in Germany and the Presidential State in France,Dem Deutschen Volke and "L'Etat,c'est moi" respectively. China runs on the French model and is no different to Germany. It has embarked on a twenty-year recession.
Britain and North America have the classic 'free market' model modulated by Keynesian pump-priming which finds its expression in massive infrastructure spending. Infrastructure spending has taken the place of borrowing unemployed capital to bury it in the military budget and thereby prevent it becoming a deadweight on productive and industrial capital in the world economy.
Britain and North America have had 8 years of continuous growth and would in their different situation expect a moderate recession.
Will a massive world recession come to pass as the hurlers on the ditch predict?
If the health pandemic and 3-month closure of businesses proves anything it is that there are vast amounts of unemployed capital in the world economy looking for a borrower and this is precisely what world governments have drawn down to cover day-to-day costs.
No recession therefore, neo-cons and merchants of doom, but rather plain sailing for all of Western Europe and North America.
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24.2.2023
Looking at recent developments with regard to the war in the East,we see clearly that economics and politics are inseparable.
The belief that economics dictates politics is not accurate. The reality is that socialist governments and even socialists in government have largely negated economics-only political traditions and economic tabulae of society.
The organisation of socialist parties and progressive movements is of the order of progress. That is why the greatest step forward made in the last three or four centuries has been democracy and my Spielplan of July-August 1988 brought that to the East (and created an economic catastrophe) and to Central and Southern America. The key was mediation of difficult matters with a contrary and difficult old man and an unstable woman.
If we view the world economy,some parts long somnambulant will progress,their energies renewed by a long rest,and other powerhouses of economic development will fall behind.
The enduring message of Marx,not James Connolly,he believed that governments were "committees of the ruling classes",is that POLITICAL INTERVENTIONS MATTER.
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7.3.2023
American Catholics,that wretched breed in that wretched country support every war everywhere. In truth,their views form part of adeath-cult that reached England with Tony Blair. They believe that the world industrial economy is about to fall in value from $42 trillion to $30 trillion. They blame man-made catastrophes.
I blame trade union complicity with labour exploiters. For background information on that,the best guide is Left-wing Communism, an Infantile Disorder which is available from International Publishers in New York. Had it not been for firstly German unions complicity with employers from 1919-1932 we would have the old happy-go-lucky type of German everywhere in Germany,not just in the German Midlands. Had the US labor organisations not embraced exclusive deals with major employers after 1948-I am thinking of 'company unions' at Ford and Bethlehem Steel-we would not have US avarice for violence. Instead of war,we would have A FULLY -FLEDGED SOCIALIST PARTY in the United States.
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24.9.2024
The world economy was seen in the 1930's as a polarity between finance and industry (after Lenin,1916 and Hilferding,1913).
We see Lenin's couponclippers nowhere other than as he illiterates (Imperialism,the Highest Stage of Capitalism,1916) in the City of London and the metropolitan countries of America and Europe.
The polarisation of finance and industry is not explored in any of Marx's oeuvres.
It is a later invention.
The prevalence of finance employment in the English South East has a powerful deterrent effect on industry in the North East,East Midlands and Manchester and Merseyside areas not forgetting those other neglected areas of industrial deconstruction because in the one country of England,their interests are opposed, middle class to working class.
In the world economy,there is much more finance than industrial capital and both are a focus of capital accumulation.
The Leninist polarity does not derive from Karl Marx rather Rudolf Hilferding and his work Finanzcapital (1913) and Thomas Hobson (Imperialism,1908). Lenin's theory is based on German Marxism and it finds its contemporary exponents in anti-Semitic ginger groups in the US Catholic Church and Presbyterian and Mid-Western universities.
Polarising finance and industry is all fine and well in present-day Britain but it has dangerous repercussions. If greedy arrogant Germans,Austrians and Americans are allowed to form a political movement around their essentially scatalogical ideas., that leads to fascism and Nazism and that retrograde move finds its common expression in political crisis and unipolar economic decline. For evidence ,take the the crises of contemporary collapses as exhibited by those lands tied to incoherent, violent anti-everyones and anti-everythings.
Joseph Paul Mc Carroll Ll. B.
