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by vezzy-fnord
3848 days ago
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The enemy here, then, is capital, not these poor workers who fill necessary capitalist roles. I'm not sure how factors of production (including durable capital goods) can possibly be an "enemy" of anything. That said, your idea that capitalists act as crude profit maximizers is an oversimplification. In fact, most firms don't do any calculation of prices based on marginal revenues and marginal costs. Instead, they usually administer a markup price based more on internal accounting practices and then do not strongly deviate from the markup, choosing to downsize production when profits are low instead of upsetting the stable price signal they've chosen even if it would be more profitable to do otherwise. |
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