Michael Roberts Asks: How Is World Capitalism Doing in the Long Run?

in 1931 Keynes optimistically said that eventually capitalism would come around and make a better life for his grandchildren. This was followed by 8 more years of the Great Depression and a World War. Now we have a modern Keynesian who says the same thing if we consider the last 40 years. Michael Roberts then argues that not only is this untrue for the US, but it is also is not true for global capitalism.

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