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davide's avatar

Very interesting piece, I'm interested in the debate as to whether firms are themselves really investing less or if it's also changed. There's a focus on capital investment, but other authors like Maher and Aquanno argue that R&D per GDP hasn't lowered per say. I am in the middle where, we have to explain why northern capitalism has stopped growing, but I don't think it's as simple as monoply + stagnation.

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Mike Moschos's avatar

Well written, I would note that prior to the post WW2 centralization that culminated in the advent of the so called Neoliberal Era we were also politically, economically, governmentally, financially, and scientifically decentralized system that proactively, at different levels of government made things the way they were and took proactive steps for hundreds of years, especially at the state and local levels, to prevent the financialization of the economy

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