Capitalist A is in competition in the same market with Capitalist B. Capitalist B takes advantage of (new technology, child labor, wage theft, offshoring, slave labor, etc) to extract more surplus value from their workers. This allows them to undercut Capitalist A’s prices. Capitalist A is forced to lower their prices to stay competitive and seek out their own cost cutting measures. This cycle repeats ad nauseum , requiring the Capitalists to seek out more markets to expand their sales numbers to make up for the lower profits on each individual item so they can still show overall profits.
I think.
As I understand it the TRPF is more about fixed vs variable capital (technology vs labour) and the other factors you mentioned (child labour etc) are ways of mitigating the TRPF by increasing the rate of exploitation
For sure. We’re talking about dialectics over the totality of the capitalist sphere of production, all these things are interrelated.
