OECD: Are we seeing a "Marxist" process?

A "Marxist" process can be expected to have four stages: A decline in corporate profitability caused by a fall in the return on capital (due to the decline in the number of profitable investment projects); A reduction in wages t o correct this decline in corporate profitability; When this reduction in wages cannot be continued (the wage reaches the minimum acceptable level), capitalists seek to boost their profits through speculation; This leads to financial crises that give rise to a permanent loss of growth. When we look at developments in OECD countries since the 1990s, we see that this process is very similar to the one that has emerged: the stable return on physical capital has been achieved by skewing income distribution against employees; there is speculation in share prices and real estate prices, leading to crises that have permanently reduced productivity gains and growth.