Thus, in every branch of economic activity, capitalist business could never escape from recurrent problems of overinvestment and underinvestment, which periodically culminated in general crises.
Unions blamed management for underinvestment in capital improvements, and management blamed unions for demanding exorbitant pay, benefits, and strict limits on non-union subcontracting.
Economists who contradicted the law, which implied that underemployment and underinvestment (coupled with oversaving) were virtually impossible, risked losing their careers.
