Karl Marx’s ”Capital” Vol. 3 (Part 3/10)
Theory & Philosophy
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Is There a Drop in the Profit Rate?
If less money is o be spent on wages, assuming that the rate of surplus value stays the same, then the price of goods is going to come down. But as i said, it's tendential, so there might be spikes in which it is increased. Maybea new industries are opened up that allow more people to be employed,. More fit to be extracted on mass, that allows uno the overall average profit rate to actually go quite high. And these are all possible scenarios. But the capitalist's economy is going to gravitate towards more and more automation, because has he save dollars? This is something david ricardo and adam smith both feared.
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