[Marxism] As Predicted

["s.artesian" <sartesian@xxxxxxxxxxxxx>]

Oil below $40/barrel this week.  I expect it to close below $20/barrel within 
a year.  

There will no positive impact on capital expansion with this price decline, as 
there will be no profit boost.

I think it would be worthwhile to closely analyze this notion of "monopoly
ground rents" that many have used to "explain" the oil prices, and in fact
have used to try and explain imperialism.  IMO, the movements in oil prices
and the functioning of capitalism have very little to do with ground rents, 
but then, as is already known, I think Lenin's analysis of imperialism, and
those that followed and follow Lenin are wrong.

As soon as I get situated here in France, I  will try to produce something
more substantive on "oil capitalism."




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