[Marxism] Fwd: The global crawl and taking up the challenge of prediction | Michael Roberts Blog
lnp3 at panix.com
Sat Apr 18 06:25:29 MDT 2015
Readers of this blog will know that from its very beginning over five
years ago, I have argued, ad nauseam, that after the end of the Great
Recession in mid-2009, the world capitalist economy entered what I have
called a long depression, see
What I meant by this was that the trajectory of the world real GDP
growth and investment took what I described as a square-root shape. A
relatively high trend growth rate was interrupted by a sharp drop, then
a sharpish recovery before growth resumed but this time at a much lower
level than before.
Schematically, it would look like this – and in reality.
More information about the Marxism