Author: Michael Roberts

Life
Capitalism and Marxism

Life expectancy and human development in the 21st century

September 11, 2022 Michael Roberts
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, […]
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Capitalism and Marxism

The relative decline of U.S. imperialism

August 18, 2021 Michael Roberts
The swift collapse of Afghanistan puppet government when U.S. troops withdrew from the war with the Taliban and left the country after 20 years has been likened to the fall of Saigon at the end […]
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Capitalism and Marxism

Capitalism: has the leopard changed its spots?

July 11, 2021 Michael Roberts
“Let me be clear: capitalism without competition isn’t capitalism. It’s exploitation.”, U.S. President Biden tweeted when signing an executive order to expand competition across the economy and crack down on monopolistic practices, describing a misguided […]
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Capitalist crisis

When the game stops: who’s really manipulating the market?

January 29, 2021 Michael Roberts
‘Hedging’ used to be a way reducing the risk of selling or buying.  Farmers waiting for their harvest to come in are uncertain about what price per bushel they will get at the market: will […]