The belief that a vigorous private sector characterizes the normal - TopicsExpress

The belief that a vigorous private sector characterizes the normal functioning of a capitalist economy, and the public sector needs to occasionally fill the gap in aggregate demand is false. Equally false is the suggestion that interest rates have a major impact on private investment decisions. The facts are quite different: for the last 30 years corporations have increasingly obtained their finance internally, from profits and sales of new stock (it is called financialization, Larry).

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