Y
Hacker News
new
|
ask
|
show
|
jobs
by
astrange
1115 days ago
I believe Marx's thing was "the tendency of the rate of profit to fall", not "the tendency of the rate of profit to rise because of greed".
1 comments
js8
1114 days ago
Isn't "the tendency of the rate of profit to fall" what ultimately prevents new companies to enter the market, causing "the tendency of the rate of profit to rise because of greed" due to price collusion of existing companies?
link
astrange
1114 days ago
There's no correlation between price increases and industry concentration in the last few years.
https://chrisconlon.github.io/site/markups_pnp.pdf
link