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Its not really "dangerous" only because that wording implies another state of possible affairs that could be safer. unfortunately, ceteris paribus, the tendenc
by beepbooptheory 5y ago
Its not really "dangerous" only because that wording implies another state of possible affairs that could be safer.
unfortunately, ceteris paribus, the tendency of a rate of profit to ultimately slow is one of the costs of a free market, there is not really a way out of it long term!
- ashtonkem 5y ago> Its not really "dangerous" only because that wording implies another state of possible affairs that could be safer. I generally use this phrase in the context of companies being willing to do anything to get back to being wildly profitable. And in that case, yes, there is quite a bit of danger towards basically everyone else.
- worik 5y agoWhere is this thing called "Free Market"?
- stadium 5y agoCompetition from Facebook and now Amazon ad businesses eating away at profit margins
- specialist 5y agoI was recently reminded that Milton Friedman -- profit, err, prophet of Freedom Markets™ -- actively eschewed empiricism. It's not that these sages didn't understand. They refused. They actively rejected understanding. Our epistemological crisis, where we don't even have a shared reality, has ancient roots.