Marx claimed that capitalism cannot go on forever because of the contradictions within the system. Specifically, he claimed that the tendency of the rate of profit to fall would do capitalists in.
This means that technological innovation would undermine profits and capitalists would have to come up with other strategies that in the long run don’t work. Marx based his model on Western Europe. Michael Roberts wanted to find out if as a global system of capitalism there is still the tendency of the rate of profit to fall. Based on the latest research by political economists he found answers to his questions.
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