It's very obvious that is circling the drain now, but clearly this didn't just happen in a vacuum. It must've started crumbling at some point... but when?
Some people might say it started after 9/11, others might say it goes back to the Raegan administration. A few might even say it started after losing the Vietnam War, or when they went off the gold standard. Or maybe even earlier...
What do you think?
tendency for the rate of profit to fall 🙏
I see people here mentioning a lot of good, specific points regarding American decline like the events of 2008 and I would just add to that, that events like those are ultimately downstream of capital's attempts to restore profitability