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But when workers heard the ruling class say “tighten your belts,” they correctly understood that such a program was never going to apply to the wealthy. It would always mean: lower your expectations. And accept a worse tomorrow for your children. The entire history of the labor movement was cle…

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful o…

One of the reasons that a troubled global capitalism survived as well as it did after 2007-8 was because of China's sustained growth of productive consumption. The Communist Party leadership in Beijing almost certainly did not set out to save global capitalism, but this is in effect what they did.

[...] Different productivities of labour according to natural differences (e.g., cheap food from fertile land in a favourable climate), the different definitions of wants, needs and desires according to natural and cultural situation and the dynamics of class struggles, mean that the equalisation o…

But for fixed capital circulation to be fully effective, a number of preconditions must exist:

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This requires 'a certain level of productivity and of relative overabundance, and more specifically, a level directly related to the transformation of the circulating capital into fixed capita…