[lbo-talk] Marx before Minsky

SA s11131978 at gmail.com
Sun Feb 1 04:21:42 PST 2009


Patrick Bond wrote:


> On the contrary, a new interview of Robert Brenner helps clarify why
> under conditions of overaccumulation (i.e., Marx not Veblen or
> Minsky), there 'wasn't enough investment' in the 1980s-2000s, because
> of overinvestment in the prior era. Hence underinvestment in the real
> sector accompanied hyperinvestment in the financial sector.

How could there be underinvestment in the real sector when manufacturing output doubled in 1980-2007?

SA



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