b********n
发帖数: 38600 | 1 We hold Adam Smith in great esteem, the champion of free trade, perhaps we
should listen to what else he has to say:
"But the rate of profit does not, like rent and wages, rise with the
prosperity and fall with the declension of the society. On the contrary, it
is naturally low in rich and high in poor countries, and it is always
highest in the countries which are going fastest to ruin."
Exactly the opposite of today's thinking, what does he mean?
When rates of profit are very high, capitalism is cannibalising itself by:
1) Not engaging in long term investment for the future
2) Paying insufficient wages to maintain demand for its products and
services
Spot on Adam Smith, time to start listening. | e*****s
发帖数: 7359 | | f**o
发帖数: 12685 | |
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