What will happen when the global rate of profit drops to 0?

I understand that the global rate of profit is dropping over time. There is a chance that climate change, nuclear war, and other things can end the system as we know it. But it the system moves along from India and China to Africa and South America, and exhausts all available cheap labor pools, what will happen? What will happen to the global economy if it manages to reach that point?

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  • Mario Younis
    published this page in Ask Prof. Wolff 2018-01-17 22:59:15 -0500