We know that investment causes growth. But it is also true … - Jim Stanford

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We know that investment causes growth. But it is also true that growth causes investment.

Jim Stanford

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About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.

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Kate Raworth John Komlos Ha-Joon Chang Joan Robinson Nick Hanauer

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Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.

The problem is not scarcity; the problem is power.

Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist!

We know that investment causes growth. But it is also true that growth causes investment. - Jim Stanford

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