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I wonder if there have been any serious studies to determine whether there is truth behind Marx’s claims of an automation arms race leading to a declining rate
by BeFlatXIII 5y ago
I wonder if there have been any serious studies to determine whether there is truth behind Marx’s claims of an automation arms race leading to a declining rate of profit.
- imtringued 5y agoProfit must go down to zero because of structural reasons. Profit isn't a reward, it is a reallocation of capital to a new sector. At some point growth stops and there are no new sectors meaning there is nothing to reallocate existing capital to.