Modern Variants of Capitalism, Part 2: Financial Capitalism


Advanced economies started cooling off about 50 years ago. Official data state it plainly. For the past two decades, most economies in North America and Europe have slowed to a crawl or stalled altogether. Real inflation-adjusted GDP compound annual growth rates (CAGR) in the United States went from 4.2% and 4.5% on average in the […]
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