A modern Achilles: The savings glut and the paradox of capitalist development

I would like to consider a paradox. On the one hand, prices are driven by demand for the product, and thus for the expenditure of savings from the income of labour. On the other hand, prices are shaped by the accumulation of savings which are diverted from ordinary spending to extraordinary spending on financial commodities. … Continue reading A modern Achilles: The savings glut and the paradox of capitalist development