Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Italy: lurching to the right
Italy goes to the polls this Sunday 27 September. This is a snap election forced on Italy’s president because the ‘technocratic’ government under former ECB chief Mario Draghi fell after he lost majority support in parliament. That support was lost, partly because Draghi vigorously backed NATO support for Ukraine against the Russian invasion – somethingContinue reading “Italy: lurching to the right”
The closing scissors and profits
Global corporate profits growth is heading south, according to analysis by JP Morgan economists. JP Morgan estimates that, after surging a humungous 89% (4q moving ave) in 2021, global corporate profits moderated to a still-solid 24% in the year ending in 2Q22. And they reckon that “on net, the level of profits is 17% aboveContinue reading “The closing scissors and profits”
Life expectancy and human development in the 21st century
Life expectancy is one of the best measures of human development. In hunter-gather societies, on average, about 57-67% of children made it to 15 years. Then 79% of those 15 year-olds made it to 45 years. Finally, those remaining at 45 years could expect to reach around 65-70 years. So we can see that lifeContinue reading “Life expectancy and human development in the 21st century”
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