/leftypol/ - Leftist Politically Incorrect

Think watched attached some time ago, and the related video on calculating the tendency.

The wikipedia is surprisingly decent for this depite people here's hangups about wikipedia.
https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall
>>2236119
>Paul Cockshott
haz et al. is part of what OP is complaining about.

>>2236145
thank you so its not just me. technology has a lot to do with it.
>The central idea that Marx had was that overall technological progress has a long-term "labor-saving bias", and that the overall long-term effect of saving labor time in producing commodities with the aid of more and more machinery had to be a falling rate of profit on production capital, quite regardless of market fluctuations or financial constructions
and yet twchnology is always ignored.
frustrating.

>>2236161
well i rewatched paul cockshotts video he seems like he explained it well.

>>2236161
LTV is way more important to the falling rate of profit than technological progress.

>>2236116
Why not read? Are you illiterate?

>>2236188

Maybe anon learns better when written words are combined with video & audio supplements.

>>2236200
>Maybe anon learns better when written words are combined with video & audio supplements.
This is conjecture, OP simply asked for video and not any real considerable multitude of sources to read or watch. I’m going to do some conjecture myself: maybe OP just wants popsci type videos that are 5 mins long and miss all the nuance you could get from a considerable analysis that requires hours of reading because they are brainrotted adhd.

>>2236200
>>2236204
My guess would've been they wanted something easy to share to people not familiar with the subject.

>>2236176
technological progress is just a labor theory of profitability. namely a living labor theory of profitability. as variable capital (living labor) decreases, so does profitability. As constant capital (dead labor) increases, profitability decreases. Using technological progress to explain the tendency of the rate of profit to fall is not mutually exclusive with a theory of value rooted in socially necessary labor time in a capitalist economy where labor power is sold as a commodity. in fact the rise of rent-seeking and the return to protectionism is a big part of capitalist reaction to TRPF and marx being proven right. hence all the crowing about neofeudalism and neomercantilism

>Why can i find a good video on the falling rate of profit?
The powers that be consider such knowledge haram

>>2236116
>the falling rate of profit
Its pseudoscientific voodoo for these political schizos who just cant admit that Marx was wrong here and there instead of being infallible prophet of the end times.

>>2236784
>Its pseudoscientific voodoo for these political schizos who just cant admit that Marx was wrong
What was he wrong about exactly?

>>2236784
well somebody coukd come up wuth an alternative theory on the falling rate of profit

>>2236784
>pseudoscientific vodoo
get back in the wage cage retard

>>2236161
>the overall long-term effect of saving labor time in producing commodities with the aid of more and more machinery had to be a falling rate of profit on production capital,

Yes that's the claim, but why does profit fall?

>>2236904
to marxists, its because less surplus value is generated in production

the falling rate of profit is about the exponential difference between production and consumption. higher production means cheaper goods; thus, a greater stock of cheaper goods must be sold to break even on investment costs. this can be entirely tracked by supply and demand price-theory, so any neoclassical or austrian economist should accept it. the only obstacle to this trend are rent-seeking institutions, like housing, intellectual property, etc. which are not productive, but only monopolistic.

>>2236775
ofc they are not mutually exclusive. however, 'technological progress' i.e. using a compact harvester instead of a scythe (just an example of the top of my head) to increase productivity is easy to grasp and quite obviously what neoclassical economics focuses on.
LTV, social necessary labor time, those are more abstract concepts which you will not be taught in economics classes in school or university.

thus i deem those, LTV and socially necessary labor time, the 'bottle neck' to understand the tendency of the rate of profit to fall.

besides that, anyone who took an undergrad calculus class should easily be able to grasp this stuff.
which is, imho, one of the problems with (modern day) selfproclaimed marxists: they lack the mathematical education to actually understand marxist economics.

>>2236927
>LTV, social necessary labor time, those are more abstract concepts which you will not be taught in economics classes in school or university.
you dont need conceptual hocus pocus to understand basic statistics.
greater productivity = greater supply.
greater supply = gradually falling demand.
the marginal utility of goods falls in proportion to their consumption, the same way we lose our appetite the more we eat. these are the natural limits of the market, and why the rich just waste their money on useless luxuries, like how we also waste our money and time.