• Muad'DibberM
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    3 years ago

    Marx has a good aphorism that explains the main factor for the tendency of profit to fall: “Accumulation of capital is the growth of the proletariat.” IE population is proportional to profit.

    The US in making the switch from domestic industry to financial services, the instruments which it could carry out modern imperialism, delayed the fall of the rate of profit, but only as long as the US military can project control over those workers outside its borders. That control is slowly unraveling, and western countries have consumers and service workers (which aren’t paid out of capital, and don’t build the wealth of nations, or contribute superprofits), not surplus-value-producing proletarians.

    Good video by Paul Cockshott on the TRPF