By Michael Roberts Only last February, I posted that there had been a burst of optimism about the state of the world economy in 2023.
Category: Economics Archive
By Michael Roberts ChatGPT is being heralded as a revolution in ‘artificial intelligence’ (AI) and has been taking the media and tech world by storm
By Michael Roberts The recent massive demonstrations against the Macron administration in France forcing through so-called pension reforms reveals the determined attempts of pro-capitalist governments
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Do wage rises cause inflation?
Steve McKenzie (Unite Community member – Lewisham, Greenwich, Bexley) answers this question using a Marxist classic – Wages Prices and Profit – that can be
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Surviving the Pay Squeeze: Panorama documentary.
Mark Langabeer (Hastings and Rye Labour member) watched the recent BBC1 Panorama broadcast (watch here). BBC reporter Ros Atkins asked why are there so many
By Michael Roberts Stock markets are jumping back up today. It seems that financial investors think the monetary authorities and banking supervisors have got the
[Editorial Note: although this is a much longer read than most Left Horizons articles, we are publishing here the full text of the report produced
Hundreds of thousands of workers took strike action on Wednesday, Budget Day. Protesting against the relentless erosion of their living standards, strikers included rail workers,
By Michael Roberts As I write, US regional banks stock and bond prices are diving. And a major international Swiss bank, Credit Suisse, is close
By Michael Roberts Last week, US Fed Chair Jay Powell gave testimony to the US Congress on inflation and Fed monetary policy. He spooked financial
