Zero-sum capitalism results in a falling rate of profit that eventually lowers investment and productivity. Neoliberalism is zero-sum capitalism and the eventuality has manifested. Time for the pendulum to swing back toward positive-sum capitalism, where the capital and labor share the benefits? There are tradeoffs involve with both zero-sum and positive-sum, as Dillow observes. This is a reason for the pendulum swinging over time.
Is capitalism a positive-sum or zero-sum game? The answer is: both: Smith and Marx both had a point. However, the extent to which it is either varies from time to time....
Stumbling and Mumbling
The crisis of positive-sum capitalismChris Dillow | Investors Chronicle
