Well, here's a model I propose. So-called "market equilibrium" is actually a steady state of various powers at oligopoly-oligopsony price point (therefore, ther

Well, here's a model I propose. So-called "market equilibrium" is actually a steady state of various powers at oligopoly-oligopsony price point (therefore, there are non-zero profits and above-subsistence wages, unlike in the ideal free market, which predicts zero profits and subsistence wages). This implies some sort of "social contract" about profit sharing which can be enforced by strikes of either party, because they essentially need each other. So capitalists to pay less means breaking that contract (with consequences, that's why you cannot easily do it). However synchronized breaches of the contract may take some time before this settles into another steady state, because of information asymmetry - the information about contract breach takes time to propagate to all interested parties.