Occasional Xs: How it works (XXXIX)

 

#DistributionTheory

The #MarketEconomy's political correspondence is NOT #Democracy but #Oligarchy with #Parliament/#Treasury/#CB/#BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit, so #PrivateFinancialWealth ≈ #PublicDebt.

— E.K-H (@AXECorg) September 3, 2023

 

For details of the big picture see cross-references Profit/Distribution.