If primary commodities and mid-to-high-tech manufacturing products are produced by industries with different wage shares, there are distributive implications of deepening trade integration with certain regions with respect to others.
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How can we quantify the wage share implied by varying degrees and types of participation to Global Value Chains?
A stable labor share has long been a stylized fact of advanced capitalist development (Kaldor, 1961). A key premise was that productivity increases would accrue to labor through real wage increases, which would tend to hold constant the share of wages in net output.
A Trumper family goes down the rabbit hole This is very sad. These people obviously had problems to begin with and ended up focusing on Trump’s Big Lie, leading to a suicide pact: A Pennsylvania family found shot dead in their backyard last week in what police say appears to be a suicide pact, included a mother and daughter who loved bowling and were devout Christian conservatives, people who knew them said. Morgan Daub, 26, and her parents, James Daub, 62, and Deborah Daub, 59, were found dead on the ground in the backyard of their home in York County, Pennsylvania, on the morning of Jan. 25, after police responded to a request for a welfare check from a neighbor. The West Manchester Township Police Department has since said that notes left inside the house indicate that the family recently made a “joint decision” to end their lives. Police believe Deborah Daub shot and killed her husband and then was shot and killed by Morgan, who died by suicide. Police said there were no signs of forced entry or struggle and no evidence that anyone else had been present. An investigation into the deaths has been closed.
From Marvel, Star Wars and Mission: Impossible to Doctor Who; meet the show’s new Production Designer Over the past couple of months we’ve continued to learn more about the team Russell T Davies and Bad Wolf have put together to usher in the next era of Doctor Who. In some cases we’re seeing the return […]
The post New Doctor Who Production Designer Phil Sims and his “Impossible” TARDIS appeared first on Blogtor Who.
Innovation needs to be cultural, economic and social as well as technological to address global issues, so businesses must start producing technology that has a "measurable impact" on the world. read now...Following his alleged participation in the insurrection, Sgt. Joshua Abate was assigned to an NSA liaison unit at Fort Meade.
The post Marines Charged in Capitol Riot Got Highly Sensitive Spy Jobs After Jan. 6 appeared first on The Intercept.
1 pound fresh broccoli or 2 10-ounce packages frozen broccoli spears½ cup salad oil3 tablespoons vinegar2 tablespoons lemon juice1½ teaspoons sugar¾ teaspoon salt¾ teaspoon paprika¾ teaspoon dry mustard¼ teaspoon dried oregano, crushedDash cayenne⅓ cup finely chopped dill pickle⅓ cup finely chopped green pepper3 tablespoons snipped parsley2 tablespoons capers, drained1 hard-cooked egg, finely chopped Cut fresh […]
They’ve even dragged anti-tax zealot Grover Norquist out of his crypt. This isn’t new. The quote below is from Lincoln’s Cooper Union speech in which he was describing the slave states’ threats to blow up the union. Plus ça change, plus c’est la même chose …
My first introduction to Michael Lebowitz’s Beyond Capital: Marx’s Political Economy of the Working Class was through social reproduction theory. Specifically Tithi Bhattacharya’s chapter ‘How not to skip class’ in Social Reproduction Theory uses Lebowitz as a basis for centreing social reproduction and class struggle across the social factory within a Marxist analysis. Reading it six years ago, alone, and at the beginning of my PhD was a very different experience to re-reading it this time with the collective wisdom of the PPE reading group. My notes from 2017 capture my insecurity with the theory but also desire to find a framework from which to build my own theoretical approach to understanding the role of nature and social reproduction within capitalism. Returning to the text in 2022, its unique take on some old Marxist questions as well as some weaknesses were more apparent.
~ Today's Water Cooler ~
In response to a question on how the sanctions environment would affect the energy market, bin Salman told an industry conference in Riyadh: "All of those so-called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, a lack of energy supplies of all kinds when they are most needed".Reuters
Saudi minister warns sanctions, underinvestment may cause energy shortages
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Europe was forced to abandon [cheap] long-term contracts and make the transition to [expensive] spot-based pricing/
TASS (Russian state media)
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Naked Capitalism
The Economics of the Ukraine Proxy War with Michael Hudson and Radhika Desai
Naked Capitalism
The Economics of the Ukraine Proxy War with Michael Hudson and Radhika Desai
Danny Haiphong at the Left Lens channel interviews Michael Hudson and Radhika Desai
Not bloody likely If you need proof that the Republican Party is fully in the hands of far-right extremists, look no further than the case of Congressman Jim Jordan. The Ohio Republican, first elected in 2006, is the new chairman of the House Judiciary Committee. Jordan has been a right-wing bomb thrower and ruthless partisan street fighter from the start. An early endorser of the Tea Party and a founder of the hardcore austerity crusaders the Freedom Caucus, Jordan was always at the center of the obstructionist tactics during the Obama years. He then ran interference for Donald Trump during his many scandals. From Tea Party to Freedom Caucus to MAGA, for the last 16 years, Jim Jordan has been the quintessential far-right Republican, in whatever permutation that is at a given time. Jordan was involved in the efforts to oust former GOP Speaker John Boehner as a member of the Freedom Caucus, causing Boehner to dub him a “legislative terrorist” which is a very accurate description of his tactics. And he led unsuccessful efforts to do the same to his successor Paul Ryan.
“Prices at the grocery store have risen for many foods, but the cost of eggs climbed the most in the last year and consumers have scrambled to keep up.” – PBS
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Well, well, well, if it isn’t Mr. Big Shot eating an egg for breakfast. You do understand people are suffering, right? They can’t pay their rent. They can’t afford their medications. And yet here you are, eating an egg for breakfast.
Look at Mr. Money Bags over here eating his egg-white omelet. Imagine having so much cash you can just let the most nutrient-rich part of the egg slip down the drain. Hold your breath, Scrooge McDuck, because you must be drowning in liquid assets. You are the 1 percent.
What are you, the heir to a chicken farm?
Forecasting recession for the end of year unless construction data reverses. Single variable thinking based on one key factor only, or is he onto something?
General Mike Minahan, head of the United States Air Force’s Air Mobility Command has sent a message to the world. It is blunt, threatening and sinister. ‘My gut tells me we will fight in 2025.’ The General sent his message as a memorandum to the leadership of the 110,000 strong USAF, with the unambiguous title, Continue reading »
The Treasurer, Jim Chalmers’, recent essay in The Monthly explores the relationship between the state and the private sector, and how that matters for the problems of our time. Chalmers’ thesis The Treasurer, Jim Chalmers, has published in The Monthly a very thoughtful essay calling for “a new values-based capitalism for Australia.” Chalmers starting point Continue reading »
Under the shelter of the ‘shared values’ mantra the leaders of America and its vassal states like Australia find justification for militarisation and hegemony. Secretary of State Blinken’s comments in Jerusalem, while sharing a podium with the Israeli Prime Minister, have exposed the utter meaningless and hypocrisy of this formula. Sloganeering about shared values and Continue reading »
NSW goes to the polls at the end of next month, and Labor must be regarded as a very clear favourite. Recent polls have put Labor 12 points ahead — 56 to 44 –of the coalition. Even allowing that the Opposition leader, Chris Minns must win back seats before he builds a majority, it suggests Continue reading »
The recommendations of the Strengthening Medicare Taskforce released last week, like almost any serious health reform in Australia, require joint Commonwealth and state action. Unfortunately, going into last Friday’s National Cabinet meeting state responses were at the juvenile end of the spectrum – the Commonwealth should give them and doctors more money – with no Continue reading »
As we start a new year, it is a good time to reflect on the lessons of 2022 – not just from the Covid pandemic but also the floods that wreaked havoc on communities all down the east coast of Australia. That Australia needs to be better prepared for the next crisis is a key Continue reading »
It seems the Pentagon has floated another one. The net result of this incident thus far is that the secretary of state has called off a scheduled summit to Beijing intended to reduce tensions. Let us think some early thoughts about the Pentagon’s announcement, reported in this morning’s dailies, that it has detected an intelligence-gathering Continue reading »