BERKELEY – Across the Euro-Atlantic world, recovery from the recession of 2008-2009 remains sluggish and halting, turning what was readily curable cyclical unemployment into structural unemployment. And what was a brief hiccup in the process of capital accumulation has turned into a prolonged investment shortfall, which means a lower capital stock and a lower level of real GDP not just today, while the recovery is incomplete, but possibly for decades.
伯克利—在整个欧洲-大西洋地区，2008—2009年衰退后的复苏一直步履蹒跚，将本可治愈的周期性失业拖成了结构性失业。而资本积累过程中的小趔趄也演变成了旷日持久的投资短缺，也就是说，不光是在复苏不力的当下存在资本存量和真实GDP下降的问题，未来数十年可能都将如此。