However you want to run the analysis, I believe the next recession is going to be aggressive because if we look at the global inequality index, there seem to be a less contraction than expansion despite global growth gained momentum for a while, basically the next recession will validate Karl’s labour value theory – economies run into troubles when labourers can’t afford what they produce, and that has been echoed by specialist around the world, but the reason it hasn’t gain many audiences is the idea that you wanna cap wages but not productivity puts the employer and the employee at odds, the centrality of labour is fading, and that’s been replaced by centrality of the state.
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