this post was submitted on 26 Jun 2024
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chapotraphouse

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[–] CascadeOfLight@hexbear.net 26 points 1 year ago (3 children)

I love this graph, it is an excellent graph

[–] Awoo@hexbear.net 10 points 1 year ago* (last edited 1 year ago) (1 children)

1960 - 2020 chart, it's the most up to date one I've seen.

[–] asphalt@lemmy.dbzer0.com 9 points 1 year ago (1 children)

Ayo not starting at zero >:(

[–] quarrk@hexbear.net 11 points 1 year ago* (last edited 1 year ago)

Completely fine as long as the axes are clearly marked and consistently spaced

[–] umbrella@lemmy.ml 2 points 1 year ago

so thats why the empire wants war so bad with literally anyone else

[–] Emanuel@lemmy.eco.br 13 points 1 year ago (2 children)

I would suggest that anyone interested in this subject read "The failure of capitalist production", by Andrew Kliman. The author delves into the tendency for the rate of profit to fall in marxist terms, looking especially, but not exclusively, at the 2008 crisis.

I mention this because he uses an analogy that made me understand the tendency for the rate of profit to fall more accurately: like gravity, the rate of profit tends to fall, but that does not mean that all objects on Earth will eventually reach their lowest point with no means of going back up. It is merely a tendency, which capitalism is always fighting back against, and not a deterministic prediction about an absolute low in the rate of profits in the future.

Good meme tho

[–] TheWurstman@hexbear.net 1 points 1 year ago

tendency

imagine not getting it

[–] TheWurstman@hexbear.net 1 points 1 year ago (1 children)

I mention this because running around in a hamster wheel is cool

[–] Emanuel@lemmy.eco.br 1 points 1 year ago (1 children)

I'm not sure I understand your comments

[–] TheWurstman@hexbear.net 1 points 1 year ago (1 children)

Well if you know the system has this tendency to do the same thing over and over again why keep running around in a hamster wheel to keep it spinning?

[–] Emanuel@lemmy.eco.br 1 points 1 year ago (2 children)

Well, I certainly don't benefit from the machinations of capitalism, but, from what I gather, capitalists benefit by enjoying the periods in which profits are high and by destroying capital and consolidating monopolies when they are low. So maybe that's an incentive to continue being the ruling class, I suppose

[–] TheWurstman@hexbear.net 1 points 1 year ago (1 children)

I wasn’t accusing you or anything I’m just like what’s with running in the hamster wheel ???

[–] Emanuel@lemmy.eco.br 1 points 1 year ago (1 children)

lol I get it now, I'd just forgotten what I commented

No worries here

[–] TheWurstman@hexbear.net 1 points 1 year ago

It’s absolutely fine

[–] TheWurstman@hexbear.net 1 points 1 year ago

Ya fancy hamster wheel

[–] ButtBidet@hexbear.net 11 points 1 year ago (1 children)

Just need to make "Falling Rate of Profit" bigger

[–] TheWurstman@hexbear.net 2 points 1 year ago

I mean nothing is priced properly so who knows what the actual rate of profit is..

[–] Cowbee@hexbear.net 8 points 1 year ago

Never seen this, GOATed comrade

[–] culpritus@hexbear.net 6 points 1 year ago* (last edited 1 year ago)

HEXMARX !!!

[–] tombruzzo@hexbear.net 2 points 1 year ago

Dear god, that line's not doing what it's supposed to at all