GERMANY WHERE NEXT? Q2 DATA INCLUDING RATE OF PROFIT.
September 2, 2022 4 Comments
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September 2, 2022 4 Comments
THEPLANNINGMOTIVE.COM 
Rates of profit were quite stable in Germany since Covid graphs 4 & 5.
“This tends to confirm once again that it is profits which determines investment and not vice versa.” This raises the question, what determines profits?
The answer was in the article itself you mention. I quote myself: “What I find fascinating in the article is his measurement of GDP. “GDP = total hours worked × output per hour worked.” In their unguarded moments, the apologists for capital admit that capitalist wealth is a function of the number of workers times their productivity and nothing else. A growing and productive workforce is all it takes. Dare we describe Smolyansky as an unconscious Marxist, or simply an economist stating an obvious truth.”
Reblogged this on hysnik.