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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Ruffian who wrote (3395)11/15/2003 1:04:01 AM
From: Jim Willie CB  Respond to of 108672
 
most excellent on Ricardo, thanks

my takeaway
In the limit, Ricardo argued, a "stationary state" would be reached where capitalists will be making near-zero profits and no further accumulation would occur. Ricardo suggested two things which might hold this law of diminishing returns at bay and keep accumulation going at least for a while: technical progress and foreign trade.


so if foreign trade operates in reverse, then not only diminishing returns, but devastation
in USA case, via debt replacement

/ jim