Social Sciences
8 years ago

Capitalism's Profit Rate Faces Collapse as Growth Stagnates and Resources Dwindle.

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World Review of Political Economy
Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall
Minqi Li

Paper Summary

The article introduces a new model to study how profits change over time in the US and China. By looking at economic growth and accumulation, the model suggests that capitalism might struggle to maintain profit rates due to slowing growth and environmental limits.

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