US: Economies bent out of shape

24 April 2021 — theplanningmotivedotcom

Here is a vivid picture of the US economy. It is a body obese with fictitious capital, whose arteries are clogged by debt, limbs that are ulcerated by deindustrialisation, outsize fists from arms spending but with a still functioning brain. This article looks specifically at how the growth of fictitious capital has bent the US economy out of shape. Other countries too. Only the US is the most advanced.

bent-out-of-shape.pdf

klems-2019

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