Relevant and even prescient commentary on news, politics and the economy.

Socially Necessary Labour Time: outline of a review

Socially Necessary Labour Time: outline of a review I have excerpted all the passages in Capital and Theories of Surplus Value in which Marx explicitly discusses the concept of socially necessary labour time by name and will go through them in manageable chunks. My first pass through the excerpts suggests to me that 13 segments would be a reasonable […]

Getting to a “Yes” Affirmation on the Covid Vaccine

“Getting to Yes: COVID Vaccine Edition,” Ken Haller, June 25, 2021 Pediatrician Dr. Ken Haller comes by way of AB Commenter and blogger Professor Joel Eissenberg. You can find Ken’s commentary on his site “Ken Haller.” Just follow the article title link or click on his name. If you have not been vaccinated yet, you […]

Coronavirus dashboard for June 28: comparisons with one year ago as “delta” spreads

Coronavirus dashboard for June 28: comparisons with one year ago as “delta” spreads Let’s begin this installment with a look at vaccinations by county from a different source that a reader pointed me to last week, COVIDactnow:  The urban/rural and Red State/Blue State divides are pretty obvious. Conor Kelly (whose work I was highlighting one year ago) also […]

Improvements to Angry Bear blog

Dear readers, There are upcoming improvements to the function and looks of Angry Bear which are intended to enhance the readability, searchability, and usefulness of current posts and of the 20,000 posts of our blog from 2003 to now. The look of the site includes a wider width of the overall page, adjusted overall font […]

Manufacturing Process for Semiconductors Today. Could There be Better Supply Results?

“Could it be a better result? By this, I mean should there really have been an extreme shortage and long lead times?” A fellow writer was an engineer at OnSemi. As he stated once, his job was watching the crystals (future “wafer material) grow. More coming on this comment shortly. You will not be experts […]

Rising Oil and Natural Gas prices at 32 month and at 29 month highs

RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 […]

Oedipus Marx and the Chimera of Socially Necessary Labour Time

Oedipus Marx and the Chimera of Socially Necessary Labour Time Karl Marx: “Pamphlet No. 1 ends with the statement: ‘Wealth is nothing but disposable time’” No, it doesn’t.  The pamphlet Marx cited was The Source and Remedy of the National Difficulties. The phrase, “wealth . . . is disposable time, and nothing more,” appeared on page 5 […]