In European countries, which development could not getting replicated
American capitalism had, by means of the “conveyor system”, raised the fresh new removal away from excessive worth and you can investment accumulation in order to the new levels
Mr Ben Bernanke, chairman of Us Federal Set aside, features invested a lifestyle desire exactly what the guy phone calls new “holy grail” off economics: a description of the roots of the Great Despair. I campaign to suggest he may have experienced so much more achievement had he see a little less Milton Friedman and somewhat more off Trotsky. For the reason that it’s truthfully on inter-matchmaking, and the contradictions, ranging from European countries and you will America, and this rest during the centre of Trotsky’s investigation, the spot where the origins of your High Despair will be discover. (more…)