[lbo-talk] Austerity In The Face Of Weakness

c b cb31450 at gmail.com
Tue Aug 31 10:29:15 PDT 2010


Wouldn't this analysis suggest that the profit rate - an indicator fetishized by Marxists - is a pretty irrelevant indicator of the health of capitalism?

SA

^^^^^^^^ CB; Does the Marxist fetish concerning the profit rate claim that high profit rates for some companies at a given time indicate that a capitalist nation is "healthy" and not about to go into another crisis ?



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