I think current policies do show that Marx was correct. The tendency of the rate of profit to fall, was the cause of neoliberalism and free trade, which tends to reduce wages to the lowest common denominator, basically putting Western workers in competition with two or three billion workers in the Third World. These policies in combination with other "financial innovations" (against labour) have tended to offset the tendency of the rate of profit to fall.
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Dusko Ljubojevic, MD
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