Can Capitalists Afford Recovery? A 2018 Update

Jonathan Nitzan and Shimshon Bichler

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: ...Looking forward, the prognosis for capitalists seems negative. Over the last few years, unemployment has fallen sharply, and if the predictive power of our chart remains intact, the capitalist income-share-read-power is bound to contract further, raising the ante for a prolonged accumulation crisis. Eventually, though, capitalists are likely the resolve their CasP crisis, as they have done repeatedly for nearly a century, by offloading it onto the underlying population in the form of rising unemployment.

Keywords: income distribution; power; sabotage; unemployment; crisis (search for similar items in EconPapers)
JEL-codes: D3 E24 P16 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:183148

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