Brian

21%
Flag icon
In sum, the need to create strong firms may lead the state to favor the producer and the financier at the expense of the citizens. As a result, consumption is unnaturally constrained in such economies.
Brian
often under these regimes, second problem is that consumption is often suppressed in favor of more production. "we all chip in" etc. all costs to producers are kept low, depressing income for raw materials and overall wages, so no one else has enough income to spend.
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Rate this book
Clear rating
Open Preview