Yankee Tendency of Rate of Profit Continued to Fall Last Year

According to Michael Roberts, non-financial corporate profits were down a whopping 20% in 2020. Given that COVID has continued in 2021 along with the great resignation, labor strikes and supply chain delays and inflation, it is likely to be even worse this year. It is also interesting to compare the differences between Roberts and other Marxian economists about how the rate of profit is determined.

Read in The Next Recession

Leave a Reply

Your email address will not be published. Required fields are marked *