John Keeley @duvinrouge.bsky.social · 04/10/2026critiqueofcrisistheory.com/a-marxist-gu...critiqueofcrisistheory.comSection 1: Crisis TheoriesA Marxist Guide to Capitalist Crises “A Marxist Guide to Capitalist Crises,” an eBook created from the key posts on the Critique of Crisis Theory blog, is currently in production. We’ll be sharing … 000 0
John Keeley @duvinrouge.bsky.social · 25/09/2026The sovereign debt crisis is here... www.wsws.org/en/articles/...wsws.orgBond markets in a “meltdown”The yield on the 10-year bond rose 0.15 percentage points on Wednesday and then followed this with a further increase of 0.11 percentage points yesterday, taking it to 5.23 percent, with no indication... 000 0
John Keeley @duvinrouge.bsky.social · 24/09/2026www.wsws.org/en/articles/...wsws.orgPressures building up in yen carry tradeMoves to arrest the slide of the yen can cause another problem by undermining the so-called yen carry trade, which plays a major role in US financial markets. 001 0
John Keeley @duvinrouge.bsky.social · 22/09/2026A good overview of where we are by Nick Beams... www.wsws.org/en/articles/...wsws.orgA gathering crisis in the US financial systemLast week the interest rate on the 10-year Treasury bond went over 5 percent for the first time since 2007 under conditions where the national debt has risen fourfold since then and now stands at over... 000 0
John Keeley @duvinrouge.bsky.social · 10/09/2026A $1.2 trillion bribe. Let's hope the Americans vote Republican & destroy King$. 000 0
John Keeley @duvinrouge.bsky.social · 09/09/2026www.wsws.org/en/articles/...wsws.orgJapanese yen turbulence continues to threaten global financial marketsA rise in Japanese interest rates may halt the yen’s slide but set off a disorderly unwinding of the so-called “carry trade.” 000 0
John Keeley @duvinrouge.bsky.social · 09/09/2026Capitalism is the cause of mass migration. This has three main aspects: 1. Wars & conflicts due to imperial plunder, e.g. Iraq war for oil 2. Gross inequality due to imperial plunder, e.g. natural resources of most of Africa 3. Harvest failure due to climate change 021 0
John Keeley @duvinrouge.bsky.social · 27/08/2026"Daron Acemoglu, who won the Nobel Prize in 2024, is no heterodox economist. But now The Economist magazine has damned his work, because it challenges the untrammelled power of Big Tech elites." jacobin.com/2026/08/acem...jacobin.comFor The Economist, Mentioning Workers’ Interests Is HeresyDaron Acemoglu, who won the Nobel Prize in 2024, is no heterodox economist. But now The Economist magazine has damned his work, because it challenges the untrammeled power of Big Tech elites. 010 0
John Keeley @duvinrouge.bsky.social · 20/08/2026"And a new stage is now being reached—the onset of a debt spiral in which more money must be borrowed just to pay the interest bill on past borrowing." www.wsws.org/en/articles/...wsws.orgUS debt at $40 trillion as financial crisis deepensThe most revealing feature of the debt mountain is not just its size, significant as that is, but the speed with which it has grown. 000 0
John Keeley @duvinrouge.bsky.social · 18/08/2026The USA thought they could do regime change. Their war may result in regime change for their puppet Gulf monarchies. 000 0
John Keeley @duvinrouge.bsky.social · 16/08/2026thenextrecession.wordpress.com/2026/08/15/p...thenextrecession.wordpress.comPart three – a value theory of inflationIn this post, I return to my review of the theories of the causes of inflation in modern economies. In the first part, I discussed the mainstream theories; in the second part, I discussed het… 010 0
John Keeley @duvinrouge.bsky.social · 09/08/2026Phases of the Industrial Cycle Overproduction is initially disguised by the growing inflation of credit. More & more commodities are being sold on credit. Late payments increase & debts are ‘rolled over’. Credit suddenly dries up www.johnkeeley.com/other-people...johnkeeley.comPhases of the Industrial Cycle | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 08/08/2026The credit system splits surplus value between interest & profit. What determines this relative split? www.johnkeeley.com/other-people...johnkeeley.comThe Rate of Interest & Profit of Enterprise | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 07/08/2026Under capitalist production, the value of a commodity can never be measured directly in terms of hours of abstract human labour but must take the form of exchange value. The exchange value of a commodity is always measured in the use value of another commodity. www.johnkeeley.com/other-people...johnkeeley.comMoney | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 07/08/2026"the operation was more about the stability of the dollar and US financial markets than it was about problems for Japan caused by the fall in the value of its currency." www.wsws.org/en/articles/...wsws.orgYen intervention points to US financial vulnerabilitiesThere was growing concern that the selling of Treasuries by Japan to support the yen would lift US interest rates and impact the AI stock market boom. 000 0
John Keeley @duvinrouge.bsky.social · 05/08/2026Capitalist production is unplanned & therefore partial crises of under or overproduction are possible. Mainstream economics has the cobweb theory for agriculture, where wrong price signals sent from market cause prices to move more & more from equilibrium. www.johnkeeley.com/other-people...johnkeeley.comDisproportionality | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 03/08/2026Marx described the tendency for the rate of profit to fall as the most important law of political economy. That capital accumulation itself undermines the capitalist system. www.johnkeeley.com/other-peoples-ideas/sam-williams/falling-rate-of-profit/johnkeeley.comFalling Rate of Profit | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 02/08/2026Crises are possible at each point in the process. Underconsumptionists emphasise the problems realising surplus value, whilst profit squeeze theorists the problems producing it. www.johnkeeley.com/other-people...johnkeeley.comProfit Squeeze | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 01/08/2026www.johnkeeley.com/other-peoples-ideas/sam-williams/underconsumption/johnkeeley.comUnderconsumption | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 31/07/2026There are regular economic crises under capitalism of varying degrees, how do we explain them? www.johnkeeley.com/other-people...johnkeeley.comThe Problem | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 21/07/2026The Trouble with Pigs www.johnkeeley.com/the-trouble-with-pigs/ 000 0
John Keeley @duvinrouge.bsky.social · 16/07/2026johnkeeley.comA Beginner’s Guide to Marx’s Capital | John Keeleytrying to understand! 000 0
John Keeley @duvinrouge.bsky.social · 13/07/2026www.counterfire.org/article/why-...counterfire.orgWhy Marx’s dialectic is so dangerousThe method of historical materialism has always been an anathema to the apologists of capitalism. 000 0
John Keeley @duvinrouge.bsky.social · 12/07/2026Socialism/communism means social/common ownership of the economy. For that to be the case the economy has to be democratically planned. There can be no socialism/communism without democracy by definition. 100 0
Reposted by John KeeleyDavid Harvey @davidharvey.org · 09/07/2026Problems have solutions. Contradictions do not. They are permanent points of tension that can only be managed within the system in which they are embedded. They only go away when the system as a whole disappears. jacobin.com/2026/07/marx...jacobin.comWhat Everyone Should Know About How Capital WorksMainstream economics cannot accept the concept of contradiction that is foundational for Karl Marx’s analysis of capitalism. David Harvey explains why we need the Marxist perspective if we want to mak... 0237 0
John Keeley @duvinrouge.bsky.social · 07/07/2026critiqueofcrisistheory.com/2026/07/05/w...critiqueofcrisistheory.comWhy Trump retreated from all-out war with IranOn June 17, a Memorandum of Understanding (MOU) was signed by Iranian President Masoud Pezeshkian and Donald Trump. It extends the April ceasefire for at least sixty days — with the possibility of … 000 0
John Keeley @duvinrouge.bsky.social · 04/07/2026Americans are learning 250 years after the Declaration of Independence that there can only be democracy when there is economic democracy. All men are not born equal; some are born to the rich, some to the poor. 000 0
John Keeley @duvinrouge.bsky.social · 13/05/2026The stagflation of the 1970's was more to do with the end of Bretton Woods than just the oil embargo. That time it took the high interest rates of the Volcker Shock to break gold & save King $. 110 0
John Keeley @duvinrouge.bsky.social · 09/02/2026The ruling class have never been more vulnerable. Bring them down! 000 0
John Keeley @duvinrouge.bsky.social · 28/01/2026I always secretly hoped Trump would win the presidency. I knew it wouldn't be good for Americans, but for the rest of the world he would be a catalyst for the end of King $ & so the US world empire. Didn't think he would do it in a year though. 000 0
John Keeley @duvinrouge.bsky.social · 23/01/2026King $ funds US military might, & military might enforces King $. If the rest of the world wants to free itself from the US empire then it needs to stop funding it. 000 0
John Keeley @duvinrouge.bsky.social · 15/01/2026The US president is half Mussolini, half Jimmy Saville. It would be funny if it wasn't so serious. 000 0
John Keeley @duvinrouge.bsky.social · 10/01/2026To put an end to US bullying requires ending the reign of King $. BRICS+ are building a new international monetary system to do just that. It will likely be backed by gold, which has historically been 'world money'. 110 0
John Keeley @duvinrouge.bsky.social · 09/01/2026The US ruling class is at war with the rest of the world & its own people. 000 0
John Keeley @duvinrouge.bsky.social · 08/01/2026In 1776 the American colonies declared themselves independent of Britain. Now we need the British colony to declare independence from the USA. 000 0
John Keeley @duvinrouge.bsky.social · 08/01/2026Remember we said the removal of Saddam was all about oil, not democracy? Remember we said the removal of Gaddafi was all about stopping him launching an African currency backed by gold, along with the oil, not democracy? Trump just doesn't bother pretending. 000 0
Reposted by John KeeleyAmy Westervelt @amywestervelt.bsky.social · 05/01/2026Something I see a lot of folks missing in discussions about what's happening Venezuela, particularly around oil, is the role U.S. oil majors' interest in Guyana—and the threat Venezuela posed to it—has in all of it. Explainer here: drilled.media/news/guyana-...drilled.mediaThe U.S.-Venezuela-Guyana Oil TriangleThe U.S. interest in Venezuela isn’t just about the oil there, but also about the oil next door in Guyana, and the U.S. oil companies that have staked their future on it. 9371221 0
John Keeley @duvinrouge.bsky.social · 04/01/2026The US military machine is funded by the $ being 'world money'. The $ is 'world money' because the US military machine enforces it. Venezuela, Nordstream, Libya, Iraq, etc all happened because the world is trying to free itself from paying for its own subjugation. 000 0
John Keeley @duvinrouge.bsky.social · 04/01/2026It's all about trying to maintain the $ as 'world money'. They want oil sold in $'s not Chinese Yuan or anything else. It is why Biden blew up Nordstream. It is why George W. Bush removed Saddam. It is why Obama deposed Gaddafi. Etc, etc. 000 0
John Keeley @duvinrouge.bsky.social · 03/01/2026We are seeing the beginning of the end of the $ as 'world money' & so the ability of the US to maintain its world empire. In 1945 the US share of world GDP was about 40%, today it's about 16%. BRICS is approaching 40%. New international monetary system backed by gold coming. 000 0
Reposted by John KeeleyInfoMigrants @infomigrants.net · 01/01/2026Details were slow to emerge on one of the latest large-scale #migrant tragedies in the #Mediterranean, as it took place over the Christmas holiday period. It has now been confirmed that a deadly #shipwreck off the coast of #Tunisia cost 116 lives on December 19. Only one person survived the event.infomigrants.netSea-Watch: 116 migrants confirmed dead in December shipwreckDetails were slow to emerge on one of the latest large-scale tragedies in the Mediterranean, as the incident took place over the Christmas holiday period. It is now confirmed that a deadly shipwreck o... 29706303 0
John Keeley @duvinrouge.bsky.social · 02/01/20262026 & we still have religion controlling human minds, we still have tribal nationalism, & we still have the rich few owning the economy. All three get combined in the racist lunatic of a US president & the genocidal maniac leading Israel. 100 0
John Keeley @duvinrouge.bsky.social · 30/12/2025The AI bubble...wsws.orgAI debt grows and financial risks increaseThe past year has seen a significant shift to debt-financed AI operations amid the proliferation of circular deals involving the major players. 010 0
John Keeley @duvinrouge.bsky.social · 29/12/2025In Orwell's 1984 Big Brother had only Two Minutes of Hate. Today's Twitter provides that 24/7. 000 0
John Keeley @duvinrouge.bsky.social · 29/12/2025The ruling class have gone back to nationalism/racism after flirting for half a century with the global movement of capital. And that's because that global movement was really a US finance capital movement seeking to control the world. Mass migration & China are the reasons. 000 0
John Keeley @duvinrouge.bsky.social · 21/12/2025Evolution has given many species a strong sense of tribalism. The problem for humanity today is to try & overcome that. All the time we have politicians using nationalism, even racism in the interest of the rich few they represent, nuclear apocalypse is where we are all heading. 000 0
John Keeley @duvinrouge.bsky.social · 11/12/2025counterfire.orgTrump’s secret version of his national security strategy blows up the world as we know itJohn Rees analyses the new imperial order The public version of President Donald Trump's new National Security Strategy (NSS) was controversial enough. 010 0
John Keeley @duvinrouge.bsky.social · 09/12/2025Not even Volcker could save the $ as 'world money' this time. And Trump wants anti-Volcker. 010 0
John Keeley @duvinrouge.bsky.social · 14/11/2025Production grows faster than employment due to increases in labour efficiency from new technology driven by competition to reduce labour costs. As a consequence, there is a tendency for the rate of profit to fall & ever greater inequality between workers & capitalists. 110 0
