Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Denmark: the happy social democrat model?
Danish Social Democrat leader Mette Frederiksen achieved a successful result in yesterday’s general election. The SD polled 27.5% of the vote (the turnout was down but still over 80%) and increased its seats in parliament to 50. Frederiksen was forced into an early election with the withdrawal of one of the centre parties in herContinue reading “Denmark: the happy social democrat model?”
Brazil’s economic and political rollercoaster
The latest polls put Workers Party leader Lula de Silva ahead in the two-horse race with incumbent right-wing President Jair Bolsonaro in today’s final round of the presidential election in Brazil. If Lula wins, it will be a dramatic comeback for the former president after having been jailed for alleged corruption under the previous right-wingContinue reading “Brazil’s economic and political rollercoaster”
The inflation conundrum
In many previous posts, I have argued the current sharp rise in inflation rates in all the major economies does not derive from so-called ‘excessive demand’; or from excessive money supply growth; or wage demands forcing companies to raise prices. It primarily relies on the failure of supply to match demand. Supply was drastically squeezedContinue reading “The inflation conundrum”
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