The Long Depression dissects the ongoing crisis of profitability that has defined capitalism since the 1970s which rendered all post-war booms fragile and temporary. It explains why a return to sustained high growth impossible without a massive destruction of capital value such as a major war or a deep depression.
what’s about the book?
The Long Depression dissects the ongoing crisis of profitability that has defined capitalism since the 1970s which rendered all post-war booms fragile and temporary. It explains why a return to sustained high growth impossible without a massive destruction of capital value such as a major war or a deep depression.