On Sep 20, 2020, at 6:59 AM, Louis Proyect <lnp3@...> wrote:

Back in July, I wrote a post on a new approach to a world rate of profit and how to measure it.  I won’t go over the arguments again as you can read that post and previous ones on the subject.  But in that July post, I said I would follow up on the decomposition of the world rate of profit and the factors driving it.  And I would try to relate the change in the rate of profit to the regularity and intensity of crises in the capitalist mode of production. And I would consider the question of whether, if there is a tendency for the rate of profit to fall as Marx argued, it could reach zero eventually; and what does that tell us about capitalism itself?  I am not sure I can answer all those points in this post, but here goes.

https://thenextrecession.wordpress.com/2020/09/20/more-on-a-world-rate-of-profit/