Note
Since this was written, the U.S. presidential election has gone from worse to far worse due to Joseph Biden’s disastrous performance in the June 27 debate with Donald Trump. Though I am no expert on these matters, Biden seemed to show signs of dementia. Dementia is not at all unusual for a man of his age.
All types of dementia are progressive, which means they get steadily worse over time. It’s hard to see how Biden will be able to serve as president until January 20, 2029.
The Democrats are discussing whether they should dump Biden—which would seem to be a no–brainer—and how to do that. As things stand, there appears to be almost nothing between Donald Trump and the White House. The truth is that the U.S. political system is ill-designed to handle this type of situation. I will have more to say on this next month.
A Critique of Crisis Theory 
Sam, I really enjoy these articles. When discussing money’s role in the anarchy of production, you said:
But what if the U.S. or any state for that matter were to nationalize the gold industry while keeping production unplanned otherwise? Would the state not then be able to create whatever effective monetary demand is necessitated by the market? My thoughts are that it would, but that this would in turn create new contradictions. For example, would this create full employment, and if so, how would rising wages resulting from it be resolved? I would love to hear your thoughts on this.