This blog-entry is intended to deepen both our extant data, and our extant ‘dis-falsification’, or corroboration, regarding the hypothesis of the ‘techno-depreciation meta-dynamic’ fatal flaw of the capitalist system that we have advanced in this blog.
Karl Marx, from at least 1857 on, with his discovery of his “law of the tendency of the rate of profit to fall” predicted that the day would come -- ~117 years after Marx predicted it, in this case -- when even capitalists and their servants would find themselves moved, based upon their experiences, to write such words!
Maybe Peters thought that this rising fixed capital composition is simply, empirically too obvious to need mentioning.
Global Strategic Hypothesis: The “innermost”, “highest” layer of the capitalist ruling class became aware of this death dynamic of the capitalist system far earlier, circa the 1880s, and began their counter-offensive, with their engineering of the 1907 'designer depression', to "argue for" their Federal Reserve Act, with their 1913 imposition of that “Federal” Reserve Act, and of their Federal Income Tax, so as to have deductions from the wages of workers finance the suppression of industrialization / productive forces growth in the capitalist periphery, with their engineering of World War I, and their selling of munitions to all of its sides, with the foundation that World War I laid for the industry-wasting “Military-Industrial Complex” [Eisenhower] to come, with their massive funding of their “Eugenics” ideology, and, facilitated by their engineering of the 1929+ “Global Great Depression I” 'designer depression', their world-wide imposition of Fascist, genocidal [“Eugenics”] state-capitalist totalitarian dictatorships -- under their, unified, control -- across much of Latin America, Europe, and Asia, until their agenda for global reversal of the historic growth of the human-social forces of production, and therefore also their agenda for global dictatorship, and for global, “Eugenics” multi-genocide, was interrupted, temporarily, when their erstwhile ‘servant-dictator’, Hitler, turned ‘Franken-Dictator’, and then again when Stalinism challenged their global rule, after the Hitler regime's removal by World War II...until they could finally resume that agenda, in earnest, in 1989.
*Image source(s) [used with permission but not endorsement] --
- Economic Report of the President: 2011 Report Spreadsheet Tables, B-12. Gross domestic product (GDP) by industry, value added, in current dollars and as a percentage of GDP, 1979-2009, U.S. Government Printing Office  (11/25/2011)
- Economic Report of the President: 2003 Report Spreadsheet Tables, B-12. Gross domestic product by industry, 1959-2001, U.S. Government Printing Office  (11/25/2011)
- Value Added by Industry in Current Dollars, Quantity Indexes by Industry, and Price Indexes by Industry, 1947-1997; Value Added by Industry, Gross Output by Industry, Intermediate Inputs by Industry, and the Components of Value Added by Industry, 1987-1997, Gross-Domestic-Product-(GDP)-by-Industry Data, Bureau of Economic Analysis, U.S. Department of Commerce,  (11/25/2011)
- MERCHANDISE IMPORTS, EXPORTS, AND TRADE BALANCE: 1790-2006 (percent of GDP)  (11/27/2011)
Source: Own work
Note the precipitous fall in the share of “Total manufacturing” in total U.S.-GDP [broken/dashed blue graph line], in ‘contra-parallel’ with the rise in the GDP share of the “FIRE” sector -- Finance, Insurance, Real Estate, Rental, and Leasing [broken/dashed red graph line] -- with the rise in the GDP share of “Services” -- “Professional and Business Services” [solid red graph line] -- with the rise in the GDP share of “Educational services, health care, and social assistance [dotted green graph line], and with the rising foreign trade deficit [solid black line with dot-tics].