Confessions of an Erratic Marxist

“So, given the trends established during the past three decades,
with savings rates at 10% and growth no more than 1.5%,
[the $IMFS] is pushing us to a situation where wealth will
exceed six times GDP and the proportion of GDP that will be
going to those living off wealth (as opposed to wages) will
be at least one third. This is an unsustainable tendency that
operates like a time bomb in

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