Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
it seems intuitively obvious that high rates of return on capital are only possible in a growing economy

Which leads us to consider the prodigious rise of the financial sector. Which compensates for lack of growth by whipping up high rates of return based on the capture of future flows.

No growth now? Mine the future!

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Aug 18th, 2014 at 07:00:37 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series