Capitalist Contradictions

Capitalism has fended-off crisis tendencies due to the disproportion between capital accumulation and wage cuts by selling commodities on credit.

However this must result in a long-run tendency for the amount of credit to increase.

We now have data for US from the 1920's. Run your mouse over this chart to get the data [slow to load].

Original source is: NYT, www.tinyurl.com/5ayjc3

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License