…one minus the natural rate of unemployment (which must be estimated). Potential capital in use is just the estimated capital stock estimated using data on investment and assumptions abut depreciation….

…of “market capitalism” but is an unintended consequence of managed capital. One could call it “inflation” if that term hadn’t already been thoroughly colonized by the apologists for capital. “Inflation…

…not to provide for consumption? But that misses the point of production under capital, which is to accumulate surplus value. Marx outlined two ways Dilke identified for capital to overcome…

…of products therefore already contains in embryo the whole capitalist form of production, the antagonism between capitalists and wage-workers, the industrial reserve army, crises.  Engels’s statement is the only time in…

…capitals introducing the same technology. “It is by no means within the power of capital to call into existence this natural premise for a greater productivity of labour in the…

…the ‘common good,’ the ‘general welfare,’ or the ‘general interest.’”  We can be less vague in describing the social goal of capitalist society: the accumulation of capital. Does that goal…

…workweek (black) with capital goods orders, both again YoY and first historically: The average manufacturing workweek is even more leading than capital goods orders, turning first, but is even more…

…capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher…

The Federal Bailout That Saved Bain Capital & Mitt Romney Government documents prove the candidate’s mythology is just that by: Tim Dickinson Mitt Romney likes to say he won’t “apologize”…

According to an article in today’s New York Times, Bain Capital was asked to do so, but declined. Well, actually it was asked to help GM out, and declined. The…