councilor.org
| Source | Doug Henwood |
| Date | 00/08/23/13:37 |
| Michael Perelman wrote:
>If you were to estimate what caused the increasing rate of profit during >the last decade, how much credit would you give to > >weakening unions >globalization >lower environmental/regulatory standards >financial shenanigans (i.e., manipulating pensions) >new technology >better management Lower interest rates. PROFITS AND NET INTEREST, U.S. NONFINANCIAL CORPORATIONS share of GDP by period profit + profit interest interest 1929 10.2% 4.4% 14.7% 1930-34 2.8% 6.4% 9.2% 1935-39 6.3% 4.3% 10.6% 1940-44 11.4% 2.0% 13.4% 1945-49 9.7% 0.9% 10.6% 1950-54 11.0% 1.1% 12.1% 1955-59 10.4% 1.7% 12.1% 1960-64 10.1% 2.5% 12.6% 1965-69 10.5% 3.2% 13.7% 1970-74 7.8% 4.1% 12.0% 1975-79 8.2% 5.1% 13.3% 1980-84 6.4% 7.7% 14.0% 1985-89 7.0% 8.0% 15.1% 1990-94 7.2% 6.8% 14.0% 1995-99 9.4% 5.3% 14.8% 2000 9.4% 5.6% 15.0% |
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