JANUARY 6TH, THE DAY TRUMP MADE ‘AMERICA BREAK’.

This article analyses the US economy, but it also pays tribute to the wave of Chine investment which drove the world economy up to 2014. To avoid confusion, it must be recognised that this wave ebbed because the complex rate of return in China (profitability) began to fall in 2013 and only for this reason. This was a function of the increase in the composition of capital. Thus, methodologically it is profitability that initiates investment rather than the other way round. This point was not emphasized in the body of the article.