/liberty/ - Liberty

>>93633

By removing the reason the system is going wrong - leftists.

>>93633

Profits trending towards zero in the long run is an intended feature of the capitalist system.

>>93633

Are you incapable of reading that graphic? See those upward rises during 1914-18 and 1936-1945? War economy is the best means of recreating better markets.

>>93639

That's objectively false. War not only destroys existing productive capital, it shifts resources away from the development of goods demanded by the market towards goods that have little utility in the market and whose creation is dictated by a central fiat rather than the price system. War will occasionally create the illusion of profit in a single country if all of its competitors were bombed to smithereens (see: US post WWII), but the increase is relative only, not absolute. I'd also take that graph with a few pounds of salt, as it gives no indication of what exactly "world rate of profit" is, or how it's measured, or anything that could be useful information.

>>93640

Also the x and y axis have no units of measurement.

>>93652

Do you have brain damage?

>>93639

Yes profitability increases during war however the trend is towards reduced profitability. It also up ticked during the 80s and 90s. But this didn’t last. This is because reductions in profitability are caused by increases in Automation which capitalism incentives.

>>93634

>>93635

>>93647

Not an argument

>>93637

Please Explain. It is caused by automation and reduction of socially nessicary labor time which is incentivized under capitalism. By no one intended it to be this way.

>ITT: commie waste desperately try to redefine "profit" as "government spending" to equate capitalism with Keynsian economics and fail drastically.

The rate of profit is bound to fall in any industry which has free competition (as competing firms bid prices down), but it would only fall to zero in a totally stagnant or "evenly rotating" economy: one where the same exchanges/etc are done over and over again due to a totally fixed value scale, time preference, level of tech, amount of resources, etc. Most economies are not like this, least of all in the developed world, so profits are bound to fluctuate both in the short and long run.

>>93681

>commie waste desperately try to redefine "profit" as "government spending" to equate capitalism with Keynsian economics

>but, there's literally no other way for a government-printed currency to enter the economy.

Am confused, which button push?

>>93722

>what is fractional reserve banking

>>93731

Okay, genius. A 9x multiplier (10% reserve) of zero is… what number, exactly?

You can fictionally multiply a supply with credit fraud. You cannot create a supply with a fractional-reserve system with greater than zero percent minimum reserve, which you don't have.

>>93722

>government does stuff therefore all profit is caused by government

>>93783

>govt issues money

>>93784

>issuing money=source of all profit

>what are bank notes

>>93787

>thinks you can make a profit without money

>>93811

>firms actually owe their profits to whoever manufactures their accounting ledgers

>>93813

>some actually do

>>93815

Further, even banks that have 10% reserve requirements may as well have 0%, because their deposits are insured by the FDIC and they're more or less guaranteed bailouts on top of that.

>>93826

don't worry the money goes to rich people mostly