Can Capitalists Afford Recovery? A 2018 Update
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Date
2018
Authors
Bichler, Shimshon
Nitzan, Jonathan
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Abstract
. . . Looking forward, the prognosis for capitalists seems negative. Over the last few years, unemployment has fallen sharply, and if the predictive power of our chart remains intact, the capitalist income-share-read-power is bound to contract further, raising the ante for a prolonged accumulation crisis. Eventually, though, capitalists are likely the resolve their CasP crisis, as they have done repeatedly for nearly a century, by offloading it onto the underlying population in the form of rising unemployment.
Description
crisis income distribution power sabotage unemployment
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Citation
Can Capitalists Afford Recovery? A 2018 Update.
Bichler, Shimshon and Nitzan, Jonathan. (2018). Real-World Economics Review Blog. 26 October. pp. 1-2. (Article - Magazine; English).