Apple’s Planned Obsolescence and the Rate of Profit

Proponents of capitalism insist that it is their system alone that can produce the greatest products available to mankind. It is only via the profit motive that production can hammer together the greatest of quality. There is nothing that can surpass the capitalist mode of production in providing luxury commodities to people through the market,…

Dude, Where’s my Inflation?

It is often held as conventional wisdom that expanding the money supply means causing inflation. Those claiming this say that “printing” more money will automatically increase the prices of goods and services in an economy. In the view of many, the expansion of the money supply somehow bypasses the forces of supply and demand and…

Rising Subprime Auto Defaults and Fictional Value

If Forrest Gump were an economist he’d say: “My Mama always said capital is as capital does.” Such is the logic of capital. Years removed from the subprime mortgage crisis of 2007-08, it appears that the capitalist economy of the US has not learned its lesson. Another subprime lending time bomb has appeared. This time…