[Marxism] Fwd: The global crawl and taking up the challenge of prediction | Michael Roberts Blog

Louis Proyect 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.


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