GERMANY WHERE NEXT? Q2 DATA INCLUDING RATE OF PROFIT.

4 Responses to GERMANY WHERE NEXT? Q2 DATA INCLUDING RATE OF PROFIT.

  1. Thomas Weiß says:

    Rates of profit were quite stable in Germany since Covid graphs 4 & 5.

  2. Thomas Weiß says:

    “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.”

  3. hysnik says:

    Reblogged this on hysnik.

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