great stagnation

Growth in the G7 ‘Great Stagnation’ will be slower than in the Great Depression

27th July 2017 Socialist Action 0

The following article by John Ross, examining the current slow growth of the G7 economies, was previously published on Learning from China.

The Western G7 economies are in, and will remain locked in, very slow growth. How slow this growth is can be seen starkly by taking an historical comparison: the average growth in the Western economies in the entire period since the international financial crisis in 2008 will actually be slower than in the Great Depression after 1929!

The ‘Great Stagnation’ and spreading world social instability

19th January 2014 Socialist Action 0

By Peter Wilson

Five years into the current economic crisis it is possible to see beyond the immediate impact of the global financial crisis and recession to see clearly some of the structural shifts that have taken place. A key change that has taken place is a sharp fall in capital creation, and therefore investment, in the imperialist countries. Given that investment is responsible for the bulk of economic growth, there is no immediate possibility of rapid growth in these economies being recreated. The cumulative effect of the resulting economic stagnation in the imperialist centres lies behind the spreading of social and political instability to widening areas of the world.