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Capitalism is pretty much defined by placing a dollar value on production and seeking to maximise returns. The inevitable outcome is increasing profits by reduc
by manicdee 9y ago
Capitalism is pretty much defined by placing a dollar value on production and seeking to maximise returns. The inevitable outcome is increasing profits by reducing the costs of production.
There is no “perhaps” about it. There are no policies that will stop a capitalist economy behaving like a capitalist economy.
- runeks 9y agoThere’s no rule in capitalism about who wins: the consumer decides who wins when she purchases a producer’s product, picked from the store shelf. The producers of the products we purchase are those who survive, because their income is our expenditures (and their expenditures on wages/salaries is our income). You could argue that we choose wrong when we go shopping, but ultimately we decide which businesses have an income and which don’t.
- frgtpsswrdlame 9y agoI think you're missing the point a bit. It's not about our choice as consumers so much as it is the inevitable end of capitalism as a way of distributing property. https://en.wikipedia.org/wiki/Marx%27s_theory_of_history#Capitalism https://en.wikipedia.org/wiki/Marx%27s_theory_of_history#Cap...
- manicdee 9y agoWhat choice do you have when there is only one provider?