Moseley, Fred - In: International Journal of Political Economy 40 (2011) 3, pp. 59-71
-term decline in the rate of profit from the 1950s to the 1970s. Capitalists responded to this profitability crisis by attempting to … restore their rate of profit by a variety of strategies, including wages and benefit cuts, inflation, speed-up on the job, and … globalization. These strategies have largely restored the rate of profit, but have resulted in stagnant real wages for workers for …