Japan Industrial Production

[Workers-Control-Over-Prod]

Bloomberg‎ -
"Japan's industrial production unexpectedly declined and South Korean manufacturers' confidence dropped to a three-year low"
WSJ -
"Japanese industrial output fell unexpectedly in June from a month earlier, suggesting that the nation's export-driven recovery may be losing momentum due to weak demand abroad."

The capitalist can't understand it, you see the people on the TV saying "We don't know", The Falling Rate of Profit.

[RedHammer]

The capitalist can't understand it, you see the people on the TV saying "We don't know", The Falling Rate of Profit.

More good news: the Communist Party of Japan has been growing since the global recession.

[Welshy]

More good news: the Communist Party of Japan has been growing since the global recession.

Bad News: the Communist Party of Japan is utterly reformist and would keep the emperor.

[RedHammer]

Bad News: the Communist Party of Japan is utterly reformist and would keep the emperor.

That may be so, but as I've said in defense of the PCF and other Eurocommunist parties, the victory is primarily psychological. A victory for an openly communist party would put communism back in the mainstream of political and intellectual discourse.

[Welshy]

That may be so, but as I've said in defense of the PCF and other Eurocommunist parties, the victory is primarily psychological. A victory for an openly communist party would put communism back in the mainstream of political and intellectual discourse.

Or it could be used as a way of channeling working class anger into areas that the capitalists are comfortable with. I am also doubtful of this since in Moldova the communist party is the ruling party and working class movement has gained inspiration to get move forward and a working class revolution there is no more likely than it is elsewhere.

[RedHammer]

Or it could be used as a way of channeling working class anger into areas that the capitalists are comfortable with. I am also doubtful of this since in Moldova the communist party is the ruling party and working class movement has gained inspiration to get move forward and a working class revolution there is no more likely than it is elsewhere.

What we really need is a Communist victory in a major country, i.e, one on the international stage.

[Welshy]

What we really need is a Communist victory in a major country, i.e, one on the international stage.

We need an actual communist victory not a social democratic victory.

[Dean]

Bloomberg‎ -
"Japan's industrial production unexpectedly declined and South Korean manufacturers' confidence dropped to a three-year low"
WSJ -
"Japanese industrial output fell unexpectedly in June from a month earlier, suggesting that the nation's export-driven recovery may be losing momentum due to weak demand abroad."

The capitalist can't understand it, you see the people on the TV saying "We don't know", The Falling Rate of Profit.

Marx's falling rate of profit specifically refers to the ossification in the labor/capital markets, but what we are seeing now is an economy with low employment (both of labor & capital), consistently below 70% of capacity. Its a deliberate withdrawal of the financial elites' assets from the global production markets, in the context of an ossified set of markets. Rest assured that there will be a resurgence assuming that the new Arab / African regimes sell their people out the way the Russians did in '91. With fragmented social fabrics and generally unheard of civil-social institutions, I see no reason to think this won't happen.

I'm not sure that this crisis is simply because of the falling rate of profit. The financialization and leveraging of assets is not simply an issue of disincentivized production; remember that the CDOs secured by bad mortgages were the catalyst and in many ways outstrip this.