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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Britain?s Economy to be ?Closer to Guyana? as Starmer?s Living Standards Pledge Falls Flat Thu Dec 26, 2024 12:00 | Toby Young
Thanks to Labour's management of the economy, GDP per head in the UK is likely to be closer to that of Guyana than the US by 2039, according to an economic think tank.
The post Britain?s Economy to be ?Closer to Guyana? as Starmer?s Living Standards Pledge Falls Flat appeared first on The Daily Sceptic.

offsite link Did Russians Shoot Down Azerbaijan Airlines Plane That Crashed and Killed 38? Thu Dec 26, 2024 09:00 | Toby Young
Evidence is mounting that the Azerbaijan Airlines plane that crashed on Christmas Day was shot down by the Russians, mistaking it for a Ukrainian drone.
The post Did Russians Shoot Down Azerbaijan Airlines Plane That Crashed and Killed 38? appeared first on The Daily Sceptic.

offsite link What You Need is a Good Full English Breakfast Thu Dec 26, 2024 07:00 | Guy de la B?doy?re
Guy de la Bedoyere says drop what you're doing and have a full English. What better way is there to celebrate Boxing Day?
The post What You Need is a Good Full English Breakfast appeared first on The Daily Sceptic.

offsite link News Round-Up Thu Dec 26, 2024 00:09 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link The Ginger Rogers Theory of Information Wed Dec 25, 2024 18:00 | Sallust
In the Daily Sceptic, Sallust draws our attention to the 'gynogenic climate change' hypothesis: that is is women who are principally to blame for global warming.
The post The Ginger Rogers Theory of Information appeared first on The Daily Sceptic.

Lockdown Skeptics >>

The Current Capitalist Crisis

category international | anti-capitalism | opinion/analysis author Monday June 27, 2011 21:39author by Paddy Hackettauthor email rasherrs at eircom dot net Report this post to the editors

Financialisation

Financialisation is a universal scam dressed up as a sophisticated exercise designed to create the illusion that the economic system is faring well. But at the end of the day it is just a paper generator with no authentic exchange value. It just postpones the day when the law of the tendency of the general rate of profit manifests itself in the form of an economic crisis.

Marx's Capital has not lost its value as a means to a correct understanding of the nature of capitalism today. The law of value is every bit as relevant today as it was in the past.

Some commentators from within the radical left effectively dismiss Marx's Critique of Political Economy. They see financialisation as evidence that capitalism today is not subject to the law of value and the law of the tendency of the general rate of profit to fall.

Financialisation is just a disguised mechanism for pumping lots of easy credit into the economy. It constitutes a mechanism for "artificially" propping up demand for commodities and thereby maintaining profitability. This is the mechanism whereby the general rate of profit is buoyed up. However it is a mechanism that has its limits. Ultimately the underlying situation surfaces, other things being equal,leading to a general economic crisis. The capitalist class throws paper at the problem. Greshem's Law works it way through chasing good loans out of the system thereby being replaced by bad loans.

Financialisation is a universal scam dressed up as a sophisticated exercise designed to create the illusion that the economic system is faring well. But at the end of the day it is just a paper pump with no authentic exchange-value. It just postpones the day when the law of the tendency of the general rate of profit to fall manifests itself in the form of an economic crisis.

Marx's Capital has not lost its value as a means to a correct understanding of the nature of capitalism today. The law of value is every bit as relevant today as it was in the past.

Related Link: http://paddy-hackett.blogspot.com
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