We saw in Part 2 that the rate of investment in Western industrialized countries is historically low. This, you have to imagine, is the result of forty years of neo-liberal revolution. As the result of theories that became dominant in the 1980s and which, …
The prevalent and dystopian image of robots destroying jobs rests upon another popular image that has also gained widespread currency: the assumption that labour productivity has increased dramatically. This assumption makes logical sense since the purpose of automation is to increase productivity. …
This is the translation of an article that was published April 27, 2015 on flassbeck-economics. We are publishing one article in English every week to allow more readers to follow closely our analysis of global and European events. However, translation is not free and we have to ask for a contribution from our English speaking readers also. …
