• KurtVonnegut [comrade/them]
    ·
    2 years ago

    Profit = ($$$ capitalist makes) - (starting investment) - (labor)

    How bigger profit?

    Pay less to labor.

    How pay less to labor?

    Make innovation. (Product. Robot. Shitty labor laws in your state / country.)

    BUT others copy innovation. (Other capitalists make same product / robot / labor laws in their country.)

    Competition --> profit-making innovation.

    Competition --> innovation spreading.

    EXAMPLE: iPhone. When iPhone new, everyone pay $$$$$$$ for iPhone. Cheap labor + expensive phone = profit.

    BUT now Apple, Samsung, etc. all have basically same phone.

    Innovations become stupid. 5 iPhone cameras --> 6 iPhone cameras! SOYFACE!

    Same thing applies to all commodities.

    (Also, fall of USSR and end of space / technology race led to less publicly funded technological innovation, which was often appropriated by capitalists, ESPECAILLY in Silicon Valley... Internet was originally a publicly funded government project.)

    More capitalism --> harder to do capitalism --> falling rate of profit --> harder to get passive income

    Result?

    Reversion to Fedualism

    Feudalism = rent seeking

    In future, you pay more for things you already have

    Rent = more expensive ; subscriptions = more expensive ; Intellectual Property = more expensive

    What happens next?

    France 1789, Russia 1917, Cuba 1959, etc.

    Further reading: Marx, Engles, etc.