Crisis Theory: The Decline of Capitalism As The Growth of Expensive and Fragile Complexity

It’s an empirical fact that the economy experiences business cycles, in other words, oscillations between booms and busts.  Furthermore, many argue that the economy is experiencing a secular decline. For example, productivity across all industries has decreased since the 1970s. …

Crisis Theory: The Decline of Capitalism As The Growth of Expensive and Fragile Complexity