Like, Roosevelt broke up monopolies, for instance. That stuff was insufficient, but it was SOMETHING. Unlike now, where they just let capitalists do whatever they want.
Like, Roosevelt broke up monopolies, for instance. That stuff was insufficient, but it was SOMETHING. Unlike now, where they just let capitalists do whatever they want.
The tendency for the rate of profit to fall. Since capital invests in labor saving technology and unpaid wages is (probably) the source of all profit, that means more productive labor yields less profit per unit. There's a very subtle but measurable long term trend for the average business investment to yield less profit. With less profit, there's less investment and your nice little capitalist economy stops growing. So now there's so little profit left in the system that the state has to let the big businesses do whatever they want, and labor must be disciplined. That restored the rate of profit during the neoliberal era but that well has been running dry in recent years as well.