From: Patrick Bond (pbond@MAIL.NGO.ZA)
Date: Thu Dec 27 2007 - 17:55:51 EST
Jurriaan Bendien wrote: > "A decline in the real rate of return on capital does not make > investors worse off or weaken the incentive to invest if the real cost > of capital declines proportionally." > Has the world economy not experienced: a) declining rates of profit in the value-producing sectors especially in the major Western and Japanese economies? b) a 28-year period of relatively high cost of capital, in world-historic terms? c) very high rates of profit in the financial/commercial circuits of capital, which have benefited the increasingly diversified Western multinational corporation? That's the sense I have from as much marxist empirical material as I can find. Cheers, Patrick
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