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WHAT BANKING INCOME IN THE USA TELLS US ABOUT THE STATE OF THE US ECONOMY.
Tag: Crash
The three contradictions of the Long Depression
One of my basic theses about modern capitalism is that since 2008, the major capitalist economies have been in what I call a Long Depression. In my book of 2016 of the same name, I distinguish between what economists call recessions or slumps in production, investment and employment; and depressions. Under the capitalist mode of […]
The three contradictions of the Long Depression