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On Thu, May 15, 2025 at 02:21 PM, Tom Walker wrote:

> 
> I can imagine Marx's exasperated response to all this "tendency of the
> rate of profit" gesticulation.

Why imagine when Marx tells us exactly  the importance:

> 
> But the main thing about their horror of the falling rate of profit is the
> feeling that the capitalist mode of production meets in the development of
> its productive forces a barrier which has nothing to do with the
> production of wealth as such; and this peculiar barrier testifies to the
> limitations and to the merely historical, transitory character of the
> capitalist mode of production; testifies that for the production of
> wealth, it is not an absolute mode, moreover, that at a certain stage it
> rather conflicts with its
> further development. -- Capital Vol 3 Chapter 15
> 
> 

But for some, it's easier to speculate than to read.


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<div>On Thu, May 15, 2025 at 02:21 PM, Tom Walker wrote:</div>
<div>
<blockquote>I can imagine Marx's exasperated response to all this "tendency of the rate of profit" gesticulation. </blockquote>
</div>
<div>Why imagine when Marx tells us exactly  the importance:</div>
<blockquote>
<div><em> But the main thing about their horror of the falling rate of profit is the feeling that the capitalist mode of production meets in the development of its productive forces a barrier which has nothing to do with the production of wealth as such; and this peculiar barrier testifies to the limitations and to the merely historical, transitory character of the capitalist mode of production; testifies that for the production of wealth, it is not an absolute mode, moreover, that at a certain stage it rather conflicts with its</em><br /><em>further development.</em>--<em><span style="text-decoration: underline;">Capital Vol 3</span> </em>Chapter 15</div>
<div> </div>
</blockquote>
<div>But for some, it's easier to speculate than to read.</div>
<div> </div>


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