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

September 30, 2021 by Newsclick

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.

× To Subscribe