ZOP places funding for additional investment outside the firms themselves
The credit system becomes the means to real accumulation
Firm level risk however is not increased over all
But firm by firm new investments and the existing debt jacket interact
With the credit standards
Depreciation as the remaining component
Of net cash flow at ZOP
firms committed to simple self reproduction
Neither increasing or decreasing output rates and inventory levels
Only replacing existing plant and equipment
have no autonomous source of discretionary spending
Only profitable prospects can induce expansionary spending
However credit worthiness
Becomes an obstacle
What might be lost by an end to form level autonomous self expansion
What about autonomous self contraction
The existing firm level debt jacket
