robbo203
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Capitalism overrules Trump and his nationalist agenda
“The war in the Middle East is creating the largest supply disruption in the history of the global oil market.”
It is good to see John O Neill is an advocate of calculation in kind. This is the answer to the economic calculation argument, not labour time accounting. A single universal unit of accounting, like labour time values or money, is only required for the purpose of commensurability (and thus exchange) and is not required in a non-exchange system of production which is what socialism will be
It doesn’t look as if the various Arab states like Saudi Arabia, Kuwait et al , despite being targeted by Iran, are going to join in strikes against Iran as the American regime had intended. This particular piece seems to capture the mood of these Arab states.
https://news-pravda.com/world/2026/03/09/2140733.html
You have to wonder if Trump has seriously miscalculated. Iran is not Iraq in 2003. Apart from being much larger and more populous, the terrain is much more hostile to a ground invasion. Even though it is lacking in air defences, it seems to have no shortage of missiles and drones. It is also significant that military decision-making has become much more decentralised in Iran,
Despite its overwhelming military superiority, it is increasingly looking like the American regime is in for a severe bruising, and global capitalism is going to suffer the knock-on consequences of this war for some time. Some oil and gas production has already been halted, and it will take a while for this to be restarted even if the war were to end tomorrow
Interesting, if flawed, article I came across on the potential of AI. Of course, the Chinese ruling class has no intention of moving beyond capitalism, whatever the author may think
The CCP affirms the “decisive role of the market in resource allocation” because the market has been proven more effective than any other ways of resource allocation in the past. Even so, it is possible for AI to come up with a more superior way of resource allocation than the market.
While the market will still be a part of economic life, it will consequently abdicate, so to speak. It will no longer sit on the throne playing the “decisive role”. When that happens, Western neoclassical economics and the ideology of liberalism that comes with it will depreciate…
https://www.thinkchina.sg/politics/utopian-post-capitalist-world-we-can-create-ai
Who would have thought of it? The Greens winning the Gorton and Denton by-election with a majority of 4000 votes. I wonder what impact this going to have on the “Your Party” party…
More daft comments from Musk
“Tesla and SpaceX CEO Elon Musk predicted a world of ‘zero scarcity’ due to advancements in artificial intelligence and robotics in the next 20 years….”
The system he so conspicuously benefits from cannot help but work to reinforce and reproduce scarcity as a condition of its own survival
Thanks, Bijou and Howard,
Seems I will have to sack my chatbot and replace it with another. Or do without. Just can’t get the staff these days….
I am distrustful of these things and routinely ask for a link and a quote when I ask any question. It tends to have the effect of making the little buggers think a little harder.
On the RCP, I got into an altercation with some of their people on FB. I questioned why they called themselves communists when they did appear to be remotely interested in promoting the idea of a moneyless, wageless, classless and stateless alternative to all forms of capitalism. The people who responded to me insisted that that was exactly what they do.
Since I am about 1500 miles from one of their nearest paper sellers, I couldn’t really determine that for myself.
If they are what they claim to be, then they should be queuing up to join the SPGB, but alas…
Posted on the Michael Roberts blog
Talking about Greenland, here´s a rather shrewd commentary from a Greek nationalist, pointing out the inconsistencies in the EU´s stance on Greenland, on the one hand, and Cyprus, on the other:
For decades, the capitals of Northern Europe have lived in a comfortable, self-righteous state. From the glass towers of Copenhagen to the secure ramparts of the Baltics, the mantra has been the same: Ιnternational law is the ultimate shield, and NATO is a sacred brotherhood of democracies. To the virtuous Northerners, the Greek-Turkish conflict has always been a messy, southern anachronism – a “bilateral dispute” that always called for more dialogue.https://brusselssignal.eu/2026/01/seizing-greenland-so-europe-how-does-it-feel-to-be-greece/
Well said, Roberto…
We shouldn’t have to have all this personal stuff aired on this forum. This is not the place. I don’t know what Ozymandias was hoping to achieve, but since he seems to be intent on slinging mud against the entire membership of the SPGB, I, for one, am not impressed. That’s putting it mildly.
Perhaps the Moderator ought to intervene at this point…..
Ozy
It’s not acceptable that you bring up your own personal issues here (I don’t mean just because this is a thread on Trump). Period. It’s also totally out of order that you should then turn this into a rant against the SPGB and its members in general.
Who the hell do you think you are to say such things?
This is quite an interesting commentary that I came across. Has the Trump regime reached a tipping point after the murderous antics of his ICE thugs? The popularity of the regime was already in decline but does this latest cock-up finally spell the end of the regime or any hope of re-election in the next few years?
Multiple videos of the incident were out in the public and everyone was able to see that what really had happened were crimes committed by multiple ICE agents. Every newspaper and channel which discussed the video called out the lies by the Trump administration.
The false narrative coming from the White House turned out be a huge own-goal. It has become a complete unnecessary public relation disaster for the Trump administration.
It was why I asked Why Is Trump Causing His Own Downfall?
