Capital . Karl Marx 1867. Athens, February 12, 2012. Capitalism is a system of commodity production.
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Athens, February 12, 2012
esp. FIRE (Finance, Insurance, Real Estate)
financial leverage tends to override capital (equity) and financial markets tend to dominate over the traditional industrial economy
“Home of the Free, Land of the Poor,” Making Sen$e, PBS Newshour, 8/16/2011
Low-, middle-, and high-income growth, 1973-2010Real income growth for different income percentiles diverged in 1970s, with real incomes flattening in 20th percentile and median, and increasing in 95th percentile
[“30 More Years of Hell?” C. Kilpatrick, Jacobin]
forces & relations of production