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October 27, 2011

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Douglas Lain

"In other words, over the course of the last century, net business investment atrophied while G.D.P. per capita increased spectacularly."
This is actually untrue according to empirical evidence presented by Kliman. This standard account leads us to conclude we can regulate Capitalism and that perverse greed is at the root of the crisis. Instead the evidence demonstrates that profits have been declining since the 70s right alongside the decline in production and reinvestment.

Douglas Lain

http://www.marxisthumanistinitiative.org/tag/falling-rate-of-profit

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