And if inflation is ultimately caused by shortages due to lack of investment, what happens when the recession/depression ends? Inflation resumes. I'm starting to wonder if the rate of profit is so low now that inflation (fake profits) will be more or less continual as long as capitalism remains dominant. They fixed it by gutting the new deal in the 70s but there's not a lot left to gut now.
We have high (legal, financial and logistical) barriers to entry for new competition under a capitalist system and the entire economy is dominated by large corporations that are able to raise prices at will? At the same time the government is giving even more money to big corporations and refuses to build even basic state-owned infrastructure to at least alleviate the stranglehold of the big corporations on the entire system, much less talk about nationalization??
Lenin called imperialism "moribund capitalism." Why? Because imperialism carries the contradictions of capitalism to their last bounds, to the extreme limit, beyond which revolution begins.
And if inflation is ultimately caused by shortages due to lack of investment, what happens when the recession/depression ends? Inflation resumes. I'm starting to wonder if the rate of profit is so low now that inflation (fake profits) will be more or less continual as long as capitalism remains dominant. They fixed it by gutting the new deal in the 70s but there's not a lot left to gut now.
We have high (legal, financial and logistical) barriers to entry for new competition under a capitalist system and the entire economy is dominated by large corporations that are able to raise prices at will? At the same time the government is giving even more money to big corporations and refuses to build even basic state-owned infrastructure to at least alleviate the stranglehold of the big corporations on the entire system, much less talk about nationalization??
Hello, latestagecapitalism!
Yhea the rate of profit must be near 0 in the developed world. Otherwise you wouldnt have ovious scams like musk or bitcoin making so much money.