Mu

Mu

Wednesday, October 2, 2024

The deepening crisis of capitalism, part 2

Excerpt:

Marx had (at least) four things to say about a situation like this:
1. The profit rate will fall for the system as a whole in the long run and in the final analysis.
2. Capitalists introduce methods that reduce this fall, but these methods work in such a way as to increase the falling rate in the long run.
3. The measures undertaken by the capitalists can only stall or reverse this falling rate temporarily for the system as a whole.
4. The capitalists would not be able to recognize the source or the outcome of the problem.


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