Heterodox
Capitalism is about capitalizing whatever can be capitalized into an asset on a balance sheet. And it can be said that the creation of these 'assets' is now the focus of modern capitalism. This then defines modern capitalism as a mechanism for rent extraction, and not profit-making. And what that means is that value creation has ceased to be what markets are about. No wonder we are in the end-times for neoliberalism. Tax Research UK Assetisation and the end times of neoliberalismRichard...
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