{"id":18337,"date":"2026-07-12T14:39:18","date_gmt":"2026-07-12T11:39:18","guid":{"rendered":"https:\/\/www.poleconomix.gr\/portal\/?p=18337"},"modified":"2026-07-12T14:39:18","modified_gmt":"2026-07-12T11:39:18","slug":"europes-largest-companies-now-lend-more-than-they-invest","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/europes-largest-companies-now-lend-more-than-they-invest\/","title":{"rendered":"Europe\u2019s Largest Companies Now Lend More Than They Invest"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.socialeurope.eu\/author\/mariana-mazzucato\">Mariana Mazzucato<\/a><\/p>\n\n\n\n<p>Throughout the developed world, you hear the same anxious story. From Brussels to Washington, political and business leaders warn that our economies have grown uncompetitive because wages are too high, and regulation too burdensome. Make labor cheaper and deregulate, we are told, and private investment will abound.<\/p>\n\n\n\n<p>This diagnosis may sound like common sense to some. But we now have ample evidence and real-world experience to know that it is dead wrong. In a&nbsp;<a href=\"https:\/\/www.etuc.org\/en\/document\/report-labour-squeezed-investment-stalled\" target=\"_blank\" rel=\"noreferrer noopener\">new study<\/a>&nbsp;for the European Trade Union Confederation, my colleagues and I followed the money to test this hypothesis, analyzing the financial records of Europe\u2019s 300 largest publicly listed non-financial corporations over the last 25 years. Our findings should trouble policymakers both in Europe and beyond. For two decades, capital has been abundant and cheap, and corporate profits strong; yet investment, productivity, and wages have stalled. The binding constraint on growth has not been the price of labor, but the allocation of capital.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.socialeurope.eu\/europes-largest-companies-now-lend-more-than-they-invest\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mariana Mazzucato Throughout the developed world, you hear the same anxious story. From Brussels to Washington, political and business leaders warn that our economies have grown uncompetitive because wages are too high, and regulation too burdensome. Make labor cheaper and deregulate, we are told, and private investment will abound. This diagnosis may sound like common [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,40,4],"tags":[],"class_list":["post-18337","post","type-post","status-publish","format-standard","hentry","category-18","category-40","category-proposals"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=18337"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18337\/revisions"}],"predecessor-version":[{"id":18342,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/18337\/revisions\/18342"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=18337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=18337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=18337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}