Can Capitalists Afford Economic Growth?
September 14, 2019
Despite the global dominance of capitalism, economic growth continues to weaken. Mainstream economists blame the slowdown on various ‘distortions’, but as this animation shows, the reality is quite different. Capitalists seek not more income per se, but greater power-through-redistribution, which they achieve by stymying growth.
Watch on YouTube (10:26 minutes): https://www.youtube.com/watch?v=gTpanudMToA
This animation is based on Nitzan and Bichler’s 2014 paper, ‘Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis’, Review of Capital as Power, 1 (1, October): 110-155 (http://bnarchives.yorku.ca/414/). The Bichler & Nitzan Archives can be accessed here: http://bnarchives.net.
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