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>Wallerstein said that Capitalism has failed for the Capitalist class, what he means is that it's costing more and more to make a dollar. The reason that income
by eli_gottlieb 11y ago
>Wallerstein said that Capitalism has failed for the Capitalist class, what he means is that it's costing more and more to make a dollar. The reason that income is falling is because the Capitalist class expects to continue making billions against a market which is efficient. They just squeeze that profit out of the worker's paychecks.
I do recall some rather elaborate book, perhaps entitled Capital, being written about the tendency of the rate of profit to fall...
- spopejoy 11y agoCareful now, people might think you mean Piketty