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New U.K. Government Signals Ambition on Labour Reforms

The new UK government is signaling some reasonably ambitious reforms on the labour policy front (certainly more ambitious than most were expecting, given the Labour Party’s austere pre-election rhetoric and platform). They call the vision a New Deal for Working People . The policy framework is called A Plan to Make Work Pay. Broad features of the plan were mapped out in the King’s Speech (akin to our Speech from the Throne in Canada) delivered yesterday, and include: Strengthening...

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The Bank for International Settlements (BIS) as ideological fortress for monetary technocrats — Vadym Syrota

 Not MMT per se, but it explains something of the tenacious hold that neoliberalism has on economic and monetary policy owing to the Bank of International Settlements ((BIS).Monetary Policy Institute Blog #146The Bank for International Settlements (BIS) as ideological fortress for monetary technocratsVadym Syrota, Ph.D. in economics, independent banking expert, contributor to the specialized blog of the Kennan Institute Woodrow Wilson Center (USA)See alsoThe development of BRICS and its...

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Ravel Teaser before tomorrow’s live stream

I'm giving a live demo of Ravel tomorrow (Tuesday July 16th) at 6pm London time. This is a quick teaser to show what Ravel can do. Whether you use spreadsheets, Pivot Tables, Business Intelligence programs (Tableau, PowerBI) or programming languages (Python, R) at present, you owe it to yourself to see how much easier it is to analyse data using Ravel. Go to and click "Notify Me" to get a reminder when the live stream...

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Monday Message Board

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

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Is The Labor Theory Of Value Compatible With Automation?

[embedded content]Automation Of Chinese Ports With automation, many processes for production and distribution now execute with minimal human oversight. How can the labor theory of value, as in volume 1 of Capital, be compatible with this? Marx has some comments on this subject in the Grundrisse: The exchange of living labour for objectified labour – i.e. the positing of social labour in the form of the contradiction of capital and wage labour – is the ultimate development of the...

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