[Marxism] Fwd: US rate of profit update | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Sun Nov 19 06:31:15 MST 2017

What the updated data do confirm is my guess last year that 2016 would 
show a fall in the US rate of profit – and by all the measures 
mentioned. And, of course, Marx’s law of profitability over the long 
term is again confirmed.  There has been a secular decline in US 
profitability, down by 28% since 1946 and 15-20% since 1965; and by 
6-10% since the peak of 2006.  So the recovery of the US economy since 
2009 at the end of the Great Recession has not restored profitability to 
its previous level.


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