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S&P 500 PE

…below my fair value band. Moreover, with interest rates still falling to new record lows the fair value band is also rising. In the chart the fair value band is…

Disposable People

…debate raged in academic Marxist circles about the distinction between “productive” and “unproductive” labour. The main issue had to do with the distinction between labour that produced surplus value for…

Disposable People

value for the employing capitalist. In fact, though, it only assisted in appropriating surplus value produced elsewhere. I suspect these debates could have been illuminated by Marx’s Grundrisse or even more so…