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Sunday, May 11, 2014

PERHAPS IT IS A TERMINOLOGICAL DISTINCTION

Under slow growth, maybe it is better to phrase it this way:

capital is consolidated more rapidly, rather than being accumulated more rapidly. 

Capital is wiped out by war, depression, etc.

Slow, and especially negative, growth hinders capital accumulation, as economic downturns and depressions very well have attested. both serve the interests of consolidation, however, very well.

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