8 ms·
too complex. world is simple. boom-bust cycles enable capital to buy everything in the bust period. every thing. legal entities keep shifting to join news tax
by jfidbfidvdid 3y ago
too complex. world is simple.
boom-bust cycles enable capital to buy everything in the bust period. every thing.
legal entities keep shifting to join news tax avoidance tricks. it's not a static game.
- JumpCrisscross 3y ago> boom-bust cycles enable capital to buy everything in the bust period. Out of curiosity, what happens to the busted capital in this toy model?
- sudosysgen 3y agoThe capital in monetary terms is destroyed, it's then either bought out by surviving capital and concentrated in actual terms, or destroyed. In either case, the relative concentration of capital increases.
- 20after4 3y agoOften it gets bought and consolidated into a bigger entity. In the 80s and 90s it would be shipped to Mexico, Costa Rica or (in later years) China where it was put to use operated by a much cheaper workforce.