4 ms·

Karl Marx was right all along.

• astrange 3y ago
  I believe Marx's thing was "the tendency of the rate of profit to fall", not "the tendency of the rate of profit to rise because of greed".
  • js8 3y ago
    Isn't "the tendency of the rate of profit to fall" what ultimately prevents new companies to enter the market, causing "the tendency of the rate of profit to rise because of greed" due to price collusion of existing companies?
    • astrange 3y ago
      There's no correlation between price increases and industry concentration in the last few years. https://chrisconlon.github.io/site/markups_pnp.pdf https://chrisconlon.github.io/site/markups_pnp.pdf