In all phases of fluctuation in economic activity, the full exercise of IBDA feedback, Employment > Profit > Capital > Employment, is possible. Moreover, it is necessary, because the rapid return to full employment whenever it is compromised depends primarily on it.
One of the main obstacles to this full exercise lies in the reduced remuneration of the capital savings placement — cut or outright evaded to complete the euthanasia of the rentiers by the glorification of the harvesters of surplus value. Another main obstacle comes from public finances when their management does not comply with two rules.
The last section of this chapter explains these two rules. The closer we get to it, the more the deterioration of public finances leads to more job destruction than creation. This occurs through a mechanism that is elucidated by consideration of IBDA feedback.
The "market finance" that took off in the 1980s reinforces the two main obstacles to the exercise of IBD feedbackEPCE. Let this exercise finally come to the forefront of the common goods in the public mind! Under the effects of the most devastating crashes, legislators will tighten the regulation of modern finance to the point of making it unrecognizable from what it was at its worst. The abandonment of designs full of perverse effects is largely at stake in what the refreshed political economy will manage to make commonly understood.