But it increased. Why? I dont understand your understanding of automation. Not everyone can develop automation. Requirements for development of automation are almost perfectly in the hands of a very small techno-bourgies. And these techno-bourgies who are the only ones who can develop automation, can hyper profit from it while everyone else gets impoverished because they can not compete. And they can use these profits to entrench themselves so hard, that they automatically win any sort of physical conflict with the impoverished masses. Automation will enable fascism. Not communism. Because of automation, there will be no need for class struggle. Marx was not aware of nuclear first strike strategy. There's no struggle in a successful nuclear first strike.
Basically few successful automation porkies can live life in luxury and nuke everyone else.
Jace Brown
I stand to inherit enough land from my parents to create a small ancap microstate and it's fucking terrifying. Why do you think porkies have entire retinues of advisors to manage their money for them? I'd love to get rid of it all and give it to some commune or co-op so that they could work the land and I wouldn't be burdened with the responsibility
Kevin Edwards
Blowing money on hookers and junk isn't the same as publishing texts on political economy and educating people.
There pretty much is.
Aiden Howard
It decreases over time, due to automation.
The technology needs to be developed once. Than it can be built over and over again.
No all you need is a bunch of STEMfags and moderate funding.
Not true. A few million people can’t win a war against everyone else.
If Silicone Vallytry to go to war with everyone else they’ll lose. Also the only people who have Nukes are states. And Silicone Vally is filled with Ancaps.
A) Porkies don’t have Nuke B) IF they nuked everyone else the radiation would kill them. Gold covered Gates don’t stop radiation C) Once those Porkies have the tech it can be stolen be socialist organizations who can use it to developed parallel societies and there goes capitalism.
Also one thing you left out that Capitalism will collapse from automation not when almost all labor is automated but when automation leaves a third of people unemployed.
Wouldn't automation just diminish the value and significance of labour as a cost driver? Lowering surplus value?
Ethan Wilson
The rate of profit refers to the relationship between surplus value and total value. With economic development the relationship between dead and living labour skews heavily towards dead labour. This means that while profits can increase in absolute terms they can decrease in relationship to investment.
Thomas Ortiz
It would, leading to a major economic crisis
Yep, thuss lowering the rate of profit.
Christian Barnes
I invested in Alibaba (BABA) and have gotten great returns so far OP.
Hudson Bailey
EU is going to impose import tax on every package from china, better sell them before it's too late
