maybe returns to capital are falling because returns to labor are increasing.
From everything I see, the opposite is the case, at least in the USA and Europe. Maybe it's the Chinese labor that's getting a bigger share of the returns.
But I suspect that most of the "missing returns" go to those that exploit weaknesses in the financial system and know how to hide their profits, i.e. investment banks, hedge funds etc.
From everything I see, the opposite is the case, at least in the USA and Europe. Maybe it's the Chinese labor that's getting a bigger share of the returns.
But I suspect that most of the "missing returns" go to those that exploit weaknesses in the financial system and know how to hide their profits, i.e. investment banks, hedge funds etc.