• CapnCat [any]
    ·
    1 year ago

    Yeah, iirc (I have not read Capital) the fall of the rate of profit is due to the competition of various businesses

    • Llituro [he/him, they/them]
      ·
      1 year ago

      i have also not read capital, but my understanding is that the falling rate of profit is due to the competition of various businesses, and the profit-crushing nature of technological improvements in efficiency. the value of goods falls as they are produced more efficiently, and therefore, the profitability of commodities will trend downwards as competition compels businesses to become more efficient for the sake of the short-term.