In a healthy economy profits are used to expand businesses improve capital and for R&D.
Yeah we’re in a phase with robber barons right now where that isn’t always the case. I always wonder, was the last time there were robber barons also late stage capitalism? Was the Great Depression late stage capitalism? Have we been in late stage capitalism for over a century now?
In a healthy economy profits are used to expand businesses improve capital and for R&D.
Yeah we’re in a phase with robber barons right now where that isn’t always the case. I always wonder, was the last time there were robber barons also late stage capitalism? Was the Great Depression late stage capitalism? Have we been in late stage capitalism for over a century now?