by Summary:
The Economic Case for Socialism
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
The Economic Case for Socialism
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
| The Economic Case for Socialism |
What do you think about this? Responding to the best comments.
Compared to today the classicals were very optimistic about the future of capitalism. Little did they know that a falling rate of profit does not preclude the ability to hoard the wealth of the masses. Financialization has led to an ability for the bust cycle to still yet transfer the wealth of the populous to the top.
I just don't know what a world looks like when there's nothing left to rob the people of…
This disconnect of real production and wealth from money and markets, has done very well for the very few, and ruined it for the rest of us. Although disconnect might not be as succinct as obfuscation, or misdirection. The disconnect is the illusion that allows for the real wealth transfer.
Pretty much
Yes, it’s an obfuscation. Equality/Democracy can not exist alongside capitalism.
What causes the rate of profit to fall?
Because nothing can grow endlessly.