2 ms·
In a highly competitive market, profits for production are driven to zero. The only thing that remains profitable is rent, for ownership of otherwise unshareabl
by beat 11y ago
In a highly competitive market, profits for production are driven to zero. The only thing that remains profitable is rent, for ownership of otherwise unshareable resources like land.
We are seeing a shift toward a more idealized, libertarian market. The problem is, in such a market, the only people getting richer are the owner class.