Interestingly, the 1960s saw the highest rate of average annual wage, productivity, GNP, and profits growth simultaniously. With the sudden overproduction of consumer durables in the early 1970s capitalist realized a global restructuring of capital was needed. Capitalism has been subject to overall stagnation tendencies ever since. Globalization has coincided with lower average annual rates of GDP growth. Militarism and military spending has been one strategy for maintaining the stability of the average rate of profit with very mixed success.
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Globalization
Average stability
Productivity
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