Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis; Keynesianism in the North alone is no solution. The struggle is everywhere.
Imperialism then and now: [3] Capital relocation, inequality, encroachment and protracted crisis
Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed