Can Capitalists Afford Economic Growth? - An Animation

ELVIRE THOUVENOT, (BASED ON SHIMSHON BICHLER & JONATHAN NITZAN)` ╱ ± 10 minutes
Capitalists seek not more income per se.

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Why does economic growth continue to weaken in recent decades? An animation by Elvire Thouvenot provides the answer: capitalists need sluggish growth to increase their power over the working class.


From: The Bichler & Nitzan Archives, Sept 15 2019. ╱ About the authors
Shimshon Bichler teaches political economy at colleges and universities in Israel. Jonathan Nitzan teaches political economy at York University in Canada. All of Bichler & Nitzan's publications, lectures, reviews, interviews and courses are available for free from The Bichler & Nitzan Archives (on twitter: @BichlerNitzan).

Despite the global dominance of capitalism, economic growth continues to weaken. Mainstream economists blame the slowdown on various ‘distortions’, but as this animation shows, the reality is quite different. Capitalists seek not more income per se, but greater power-through-redistribution, which they achieve by stymying growth.

This animation is based on Nitzan and Bichler’s 2014 paper, ‘Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis’, Review of Capital as Power, 1 (1, October): 110-155. The Bichler & Nitzan Archives can be accessed here.

This resource was created by Elvire Thouvenot and is shared under Attribution-NonCommercial-NoDerivatives Creative Commons license (CC-BY-NC-ND 4.0). You are free to copy and reuse this for non-commercial purposes but we ask that you acknowledge “Elvire Thouvenot” when doing so. If you remix or modify this material, you may not distribute the modified material.


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