…The cause of that decline is the steady drop in labor share (effective demand). However, business now sees the way to generate growth is through capital utilization, even though capital…

…in capital income. Deflation around labor income is separate story. Capital income and labor income used to be in the same story, but now they have been disconnected from the…

…that must be just fine because “that is the way it has always been, right?” As it was I advocated raising the income cap on fica and taxing capital gains…

…capital. These low interest rates do not reflect financial repression. Then as more labor and capital are employed, nominal interest rates should rise gradually up the slope to the stabilization…

…simply add up simple units of “capital.” As Robinson argued, there is no such thing as “leets,” an inherent element of each capital good that can be added up independent…

…new controls on capital outflows. They report that currency depreciations and reserve sales will provide support for GDP growth, while increases in interest rates and or imposing capital controls do…

…capital adequacy standards. They can hold back on dividend payouts from their earnings, although that may not be popular with their stockholders. They can raise funds in the capital markets….

…within a Capitalist system. I am now considering if the Capitalist system can continue to function to the betterment of society and its people in a world where there will…

…profit rates stop rising, they stop increasing utilization of labor and capital. If profit rates stop increasing before full employment, well… we just won’t reach full employment now, will we?…

Yves Smith at Naked Capitalism showed concern over my last post on rising labor share… “In reality, it’s even worse than that. I hate criticizing writers whose work I generally…