The Real Movement

Communism is free time and nothing else!

Critical comments on Vytautas Liutkus’ “Marxist Political Economy in the Age of Inflation” (Part Two)

I have been reading an paper, Marxist Political Economy in the Age of Inflation, by Marxist theorist, Vytautas Liutkus. At least in part, the writer seems to offer an explanation for post-World War 2 inflation in the monetary system that is consistent with Marx’s labor theory of value. This is my second post on VL’s paper.


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So, who do you believe? The guy telling you why he fired his gun or the guy who just got shot at?

The story told by the guy doing the shooting:

“At 12:06 and 12:08, a border patrol ship fired warning shots, at 12:19, a Su-24m aircraft performed a warning bombing (4 OFAB-250) ahead of the course of the USS Defender.”

Russia ministry of Defense

The story told by the guy being shot at:

We believe the Russians were undertaking a gunnery exercise in the Black Sea and provided the maritime community with prior-warning of their activity.

No shots were directed at HMS Defender and we do not recognise the claim that bombs were dropped in her path.

UK Ministry of Defence Press Office

NOTE ON TURNING A BLIND EYE: “…it is commonly accepted that turning a blind eye comes from a comment made by British Admiral Horatio Nelson. In 1801 he led the attack alongside Admiral Sir Hyde Parker in the Battle of Copenhagen. Nelson was blind in one eye. Parker communicated to Nelson at one point, via flags, that he needed to retreat and disengage. Nelson, however, was convinced that he could prevail if they pushed onward. Nelson then, holding the telescope to his blind eye, pretended not to see the signal—making a sly comment to a fellow officer about reserving the right to use his blind eye every now and again.” Source