4 ms·
Well, Marx predicted that : https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit...
by julienfr112 6y ago
Well, Marx predicted that : https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit... . The exact opposite of what we are looking at.
- sudosysgen 6y agoExcept that the rate of profit has fallen and is falling, with small fluctuations year over year. It is possible for monopoly and industry power to crush worker power, while the rate of profit increases. In fact, this is exactly what he predicted. The mechanism for this to happen is simply accumulation of capital. Another reality is that the profits of many industries such as the financial industries are not predicted to fall according to Marx, only that of commodity-producing industries. An absolutely huge part of modern profits is not profits according to the definition used at the time, and not realizable or even intangible. If you look at the rate of profit in commodity-producing industries, you will find that it is exceedingly thin in a great many cases, and that often profit is only realized via financial instruments (for example, the sale of new cars).