The hidden weakness of OECD economies
In OECD countries, we see that: Despite the increase in spending on corporate R&D, innovation and modernisation; Despite increasingly expansionary fiscal and monetary policies; growth continues to slow. This shows the hidden structural weakness of OECD countries’ economies, which can have many causes: The perception of uncertainty and excessive debt, which curb consumption and investment; The proliferation of companies with dominant positions, which slows investment; The skewing of income distribution against wage earners, which curbs consumption; The excessive rise in housing prices, which curbs demand for housing; The excessively high required return on equity, which weakens investment.