My understanding is that the falling rate of profit is caused by capitalists taking on technical upgrades to the detriment of profit simply to gain market share.
However, I am confused as to whether this is empirically true. Whilst there are certainly studies that seem to show this, I find a lot of the methodology weird and hard to understand personally. If I consider an analogue that is actually comprehensible to me, like return on investment, it seems to maybe(?) fall modestly over time. What is the best analgoue for measuring rate of profit and why?
>>2426502oh man sometimes when i feel doomer i look at offgrid vids and get the same feeling this vid gives me
nice ted kaczynski hut btw
>>2426520That is a little difficult since I'm not into mine craft, but OK
So, I think you can make pretty complex mechanisms in mine craft with mods, yeah?
If you were to add a new mod and it replaced some special blocks and wrecked the mechanism then that's a fair bit of repair work of you fiddling with the mechanism to make it work again during which it's not producing anything
Now imagine what you're producing in mine craft with that mechanism makes real money
As long as nobody else using that mechanism upgrades to a faster mechanism it's all good, but once someone does take the time and resources to do the mod upgrade they are now producing the same resource faster, which means they can undercut you sell for less money and take more of the difference, so of course everybody else upgrades to the new mod
Now we're back to square one
Now you know how machinery in the real world actually just breaks sometimes, especially if it's not maintained, imagine all that happening in minecraft
>>2426520machines outcompete workers by being more productive at a lesser cost; this leads to (1) unemployment and (2) cheaper overall output. cheaper output means a lesser rate on return from input: lower prices = lower profits. unemployment = less consumption = lower profits. this is why governments distribute benefits to the unemployed from the working class back toward capitalists via consumption, as a form of de facto exploitation - the same way monetary inflation acts as a tax on labour.
>>2426522i currently live in a £30 tent and its very cozy. saves me the price of a mortgage and if anything gets broken i can replace it.
>>2426544technically illegal - but i'll be alright
>>2426543i dont cook food, and i wash myself with a cloth. its rather efficient.
>>2426502Why did you post that video?
Now I feel bloodcurdling RAGE
>>2426520From my understanding
Capitalist adopts machines that increased production > increase production allows the capitalist to undercut competition > capitalist begins monopolize the market share > monopoly begins to enter death spiral as demand decreases due to overproduction of the product. To recoup profits the capitalist begins to raise prices and cut labor cost > this accelerates the death spiral > market crashes.
>>2426697If only I were; then I would tirelessly go find another video to walk through the maths for your benefit since you have a problem with that source
Unfortunately, I am all too human and frail so will try to make an effort to post more sources here, but can not guarantee it
Is there anything else you would like to delve into?
>>2426733Very good, please post your sources so I can waste yet another decent chunk of an hour reviewing the math from yet another source
Don't be shy, it would be a pleasure, far more interesting than wading through all these presentations I should be watching right now
>>2426740Math for what?
>>2426736Yeah I think you could make this argument for shit on a canvas
>>2426495IMO it's sort of true but innovation is more adopted to crush the working class than to outcompete other capitalists. Capitalists regularly collude to hold back progress and prefer extracting labor monopsony rents (think Banana Republic) over innovating. Capitalists were only forced to offshore and industrialize China because workers were unionizing in the West. The PRC is built on top of Western trade unions.
So IMO the rate of profit has a tendency to fall as a result of worker resistance. It's kind of like how striking for a smaller work-week led to capitalists improving technology to compensate.
>>2427242Text books, chuck them out full of errors; what I'm getting at is that chat bots are full of errors sure, I really like how suspicious people are of their output
The problem is that this notion of some kind of romantic notion of a mythical pre chat bot non slop production
Nope it's mostly slop, you should be examining it as critically as you have to examine what the chatbot throws at you
>>2428089…. dude wtf. my answer to you wasn't AI. why do you think my answer was AI? is it because I used the
bold format that has always been available on here? did you even read what I said? my shit doesn't even look like AI. LLM answers have perfect grammar and I actually had lower case in the sentence openings. AI also gives you bullet pointed answers that are way too long and I gave you a really short answer off the top of my head. It's actually incredibly frustrating that you thought my really short sweet and to the point answer was AI. Also the audiobook I gave you is read out loud by a real human if that's what you're accusing of being AI.
>>2431921it wasn't AI
>>2431924Correct
I really fucking hate that when I bother to write anything on here that isn't outright hostility or retardation it gets dismissed as "AI" now. makes me fucking mad. like I get that people under 20 grew up never learning how to handle a keyboard and think that typing a few sentences is a monumental effort because they only have two thumbs to do it with, but god damn.
>>2426495I don't think capitalism was ever about profit. That's just the shit they told you in school.
A friend of mine whose a historian compared fascism itself to trolling as an ideology or at least political strategy. It doesn't really have an end goal, it's just fueled by kneejerk reactions from opponents and sympathizers alike and sees how far they can push the envelope in distorting and abusing the system they live under. Quite praxis really. Too bad it's being used for racism instead of like, putting a bullet in Elon's head.
Anywho, capitalism in itself is trolling. I don't know if you're a pampered little Trotsky-shit or a bathhouse ACP member, but as someone who has worked wagie jobs I can tell you management is some of the most retarded motherfuckers on this planet who have no intention to make money. They wanna demoralize, humiliate, and punish. That's it. That's all anybody ever fucking does and Ted Kacensky spoke of it in over socialization but imma take it a step further that that's quintessentially the normie pathology.
They are pathologically moralism outrages and another form of trolling. Their entire lives revolve around making you miserable knowing you're not gonna slit their throat. Whether do to fears of reprisal by their justice system, (which is mostly fabricated too as half of it is propaganda and those court systems are full of retards as well), whether do to you deep down don't wanna hurt people. (I don't either. Not because I don't enjoy it. I do. I like seeing people in pain, but I also don't like doing work. And who makes me do more work? Que? QUE???)
TLDR; Nothing surrounding capitalism has ever hinted to being about maximizing profit it's about maximizing misery so just kill people to end the misery. That's the essence of Anarcho Stalinism. Just kill people. Killing people is cool. Killing me is slightly less cool, don't be cringe bro. Kill moderators.
>>2434377It's the same kind of maths marx used in other sections of Capital, there's a specific term for it, linear something, applied to Marx's argument for the falling rate of profit
>>2434519Not to self and request for others to link it here
>>2434532Ooh, yes this one is good once you've covered the basics of why the tendency is to fall
At 11:20 he uses the example of productivity rising because of technology, and he uses the examples of the US and UK as plausible examples where this will result in cheaper goods, it's a plausible inductive assumption
Empirically, now in retrospect something that appears to be happening as technology improves is that prices appear to be going up in America and down in China
>>2434539I do think people don't significantly account for the stagnating aspects of highly developed capital. Porkies buy up patents and sit on them, oil porkies suppress nuclear power, imperialists suppress the industrialization of the periphery.
I think there's still a tendency for the rate of profit to fall but that the workers need to give it a push (fights for national liberation, etc…). I'm still not sure of the details here though.
>>2434539war is increasingly difficult to arrange due to nooks
on the other hand nuclear war would destroy so much fixed capital, pushing up the RoP, that I suspect it is inevitable
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