Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Australia: turning for the worse
If you agree that there is an imperialist bloc of countries that dominates and controls the world, then Australia should be included. It may be a new and smaller entrant to the bloc, and it may be just a satellite of US imperialism in the Asia-Pacific, but it still fits the bill as part ofContinue reading “Australia: turning for the worse”
Crypto unTethered
Last Thursday the $1.3tn cryptocurrency industry was hit heavily when ‘stablecoin’ Tether — a critical cog in the crypto market — briefly failed to maintain its link with the US dollar. A stablecoin is a crypto currency coin that is tied to an existing fiat currency, namely the US dollar, making it easy to switchContinue reading “Crypto unTethered”
Inflation: wages versus profits
The Governor of the Bank of England, Andrew Bailey set the attitude of the mainstream view on the impact of inflation in February, when he said that “I’m not saying nobody gets a pay rise, don’t get me wrong. But what I am saying is, we do need to see restraint in pay bargaining, otherwiseContinue reading “Inflation: wages versus profits”
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