Canada's "Kondratiev's" Economic LongWave

THE idea that the dynamics of economic life in the capitalistic social order is not of a simple and linear but rather of a complex and cyclical character is nowadays generally recognized. Image
Science, however, has fallen far short of clarifying the nature and the types of these cyclical, wave-like movements.

Kondratieff, Nikolai D.. The Long Waves in Economic Life.
When in economics we speak of cycles, we generally mean seven to eleven-year business cycles.

But these seven to eleven-year movements are obviously not the only type of economic cycle.
The dynamics of economic life are in reality more complicated. In addition to the above-mentioned cycles, which we shall agree to call “intermediate,” the existence of still shorter waves of about three and one-half years’ length has recently been shown to be probable.
But that is not all. There is, indeed, a reason to assume the existence of long waves of an average length of about 50 years in the capitalistic economy, a fact which still further complicates the problem of economic dynamics.

Kondratieff, Nikolai D.. The Economic LongWave

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More from @TheELongWave

22 Nov
Do gym shutdowns really have a positive cost-benefit?

Thread...

Earlier this year, I posted a study showing a very low corona transmission rate in gyms, at least in Norway, in an infection with a low infection rate.

#COVID #COVID19Ontario #COVID19Canada
Public Health England's data show only just over 1% of infections can be track-and-traced to gyms.

In Canada, COVID19 Science Advisory Table reported that only 3.3% of outbreak-related transmissions were related to gyms and sports.
Also, in Canada, many health and fitness professionals pleaded to the government to keep gyms open. As the Toronto Sun reported:

"The group wants to partner with government and public health to safely keep gyms open during COVID.
Read 8 tweets

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