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> Most corporate profits are now no longer derived from producing or even marketing anything, but in the manipulation of credit, debt, and “regulated rents." I

> Most corporate profits are now no longer derived from producing or even marketing anything, but in the manipulation of credit, debt, and “regulated rents." I have read this assertion before, but how can you measure or prove that? I mean there is still an awful lot of stuff being produced, somehow. Wow, HN mods seem to have deleted this story, so i can't answer the comment: https://i.imgur.com/tOlYKUa.png https://i.imgur.com/tOlYKUa.png says that in 1971, when they still had the gold standard, the ratio was 20-22 now it is around 25-27; so is that a big qualitative change that changes the nature of the system? (Ok, it was much higher a few years back, but it is fluctuating) Still I don't entirely trust the argument that change of gold standard changed everything.

peisistratos 8y ago
Here is an article that points to a lot of US government data, and then gives their economic/political interpretation of the data - https://monthlyreview.org/2008/12/01/financial-implosion-and-stagnation/ https://monthlyreview.org/2008/12/01/financial-implosion-and... You can concur with their analysis or not, but the relevant government data is properly referenced.
anvandare 8y ago
Look up statistics, I guess? I found [1] and (assuming it can be categorized under "Financial Profits") made it into a (terribly quick and dirty) graph [2]. [1] https://www.govinfo.gov/app/details/ERP-2017/ERP-2017-table6 https://www.govinfo.gov/app/details/ERP-2017/ERP-2017-table6 [2] https://i.imgur.com/tOlYKUa.png https://i.imgur.com/tOlYKUa.png