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international / worker & community struggles and protests / opinion/analysis Sunday May 18, 2014 18:09 by Paddy Hackett
State expenditure, as a whole, constitutes an enormous deduction from total surplus value. This largely unproductive spending involves an enormous contraction in the accumulation of capital. It is a deduction that has been growing significantly in the aftermath of the 2nd World War. In the present period of growing problems, regarding the accumulation of capital, there have been continuing feeble attempts to shrink the state or at least reduce the annual rate of state spending. read full story / add a comment |
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