OPE-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

IMPORTANT: If you cite this message, OPE-L policy requires you not to reveal the identity of the author.

[OPE-L:6103] Re: Re: falling profits

You may cite this message only if you do not disclose who wrote it. 

On Fri, 26 Oct 2001, Patrick L. Mason wrote:

> I agree with Paul that "crisis" isn't the appropriate world to use for the
> US economy. 1974 - 1992 might accurately be described as a crisis. But,
> this year's slump is probably no more than the common garden variety
> recession - a 9 month dip then return to growth.

Patrick and Paul Z., I promise:  if the current recession turns out to be
the "garden variety" type, I will not use the word crisis again.


> During the 1970s and 1980s
> the US economy was thoroughly restructured and the least internationally
> competitive firms were brutally weeded out.

But the rate of profit for the economy as a whole recovered less than half
of its prior decline.  Does this not suggest that the profitability
problems were not entirely solved?
[ Other Periods  | Other mailing lists  | Search  ]