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Picture: Oleh Lyashko (in the certer) and members of the infamous “Battalion Azov”

Reporting that the infamous battalion Azov commanded by the pedophile and histrionic politician Oleh Lyashko has been destroyed in Saur-Mogila near Donetsk by a special command of the Donetsk People’s…

Dead Nazis are a net benefit for society,

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Hitler’s pain

Hitler’s pain

Tags: stalin hitler
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No, you just don’t want to work… right?

No, you just don’t want to work… right?

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The difference?

The difference?

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Here’s a pic of Daniel Radcliffe walking 12 dogs while smoking a cigarette for no reason

Here’s a pic of Daniel Radcliffe walking 12 dogs while smoking a cigarette for no reason

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This is what First Worlders actually believe

This is what First Worlders actually believe

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Is credit money creation exogenous or endogenous?

Is credit money creation exogenous or endogenous?

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David Cameron pls

In 2010 the UK economy was recovering from the Global Collapse of Capitalism, it had a real GDP growth of 2% over the previous year. When this happened the newly elected government began more austerity. In each of the next two years growth was .04%. This austerity was justified on the claim that there was debt crisis looming that never happened. In fact government debt interest rates fell… a lot.
In the face of this reality the UK government is presenting a picture that everyone agreed that this austerity was the correct choice, there was no other, thereby justifying the terrible impacts it has had on people. They also claimed the crisis was the fault of the fiscal policy of the previous government. Finally they claimed that austerity would produce economic recovery.
The previous government was not at fault. There was no consensus that austerity was the only choice. Finally the austerity did not produce recovery; in fact it’s probably hurt it.
The governments in the Euro Zone were all saying that austerity was the key. “City” economists were agreeing. The IMF was in line with this idea and journalists were happy to back them up.
So why did none of these people predict the 2013 period of recovery? More importantly, are they going to apologize for getting it wrong? Are they going to apologize to all those hurt by the austerity?

David Cameron pls

In 2010 the UK economy was recovering from the Global Collapse of Capitalism, it had a real GDP growth of 2% over the previous year. When this happened the newly elected government began more austerity. In each of the next two years growth was .04%. This austerity was justified on the claim that there was debt crisis looming that never happened. In fact government debt interest rates fell… a lot.

In the face of this reality the UK government is presenting a picture that everyone agreed that this austerity was the correct choice, there was no other, thereby justifying the terrible impacts it has had on people. They also claimed the crisis was the fault of the fiscal policy of the previous government. Finally they claimed that austerity would produce economic recovery.

The previous government was not at fault. There was no consensus that austerity was the only choice. Finally the austerity did not produce recovery; in fact it’s probably hurt it.

The governments in the Euro Zone were all saying that austerity was the key. “City” economists were agreeing. The IMF was in line with this idea and journalists were happy to back them up.

So why did none of these people predict the 2013 period of recovery? More importantly, are they going to apologize for getting it wrong? Are they going to apologize to all those hurt by the austerity?

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Despite all the data showing growing inequality, Piketty doesn’t tell us why the crises of capitalism, of production and investment, keep happening.
Capital has a tendency to drive down wages which restricts the ability of the market to purchase capital’s product. He fails to understand that with this reduction in wages, and corresponding ability to consume, there was a counter measure in place that was the massive expansion of consumer credit. This also includes the subprime mortgage into general financial crisis we saw in 2008. The crisis is a lack of demand, but credit can only keep it up for so long.
What Piketty doesn’t understand is that capital is not a “thing”, it is a process. It moves in circulation to make money from money not just from the exploitation of labour. The rate of growth has a large hand in the rate of return on capital. We have to keep in mind that its value is in what it produces NOT what’s into producing it.

Despite all the data showing growing inequality, Piketty doesn’t tell us why the crises of capitalism, of production and investment, keep happening.

Capital has a tendency to drive down wages which restricts the ability of the market to purchase capital’s product. He fails to understand that with this reduction in wages, and corresponding ability to consume, there was a counter measure in place that was the massive expansion of consumer credit. This also includes the subprime mortgage into general financial crisis we saw in 2008. The crisis is a lack of demand, but credit can only keep it up for so long.

What Piketty doesn’t understand is that capital is not a “thing”, it is a process. It moves in circulation to make money from money not just from the exploitation of labour. The rate of growth has a large hand in the rate of return on capital. We have to keep in mind that its value is in what it produces NOT what’s into producing it.

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Iraqi communists celebrate the defeat of ISIS forces

Iraqi communists celebrate the defeat of ISIS forces