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13 points

Profit = ($$$ capitalist makes) - (starting investment) - (labor)

How bigger profit?

Pay less to labor.

How pay less to labor?

Make innovation. (Product. Robot. Shitty labor laws in your state / country.)

BUT others copy innovation. (Other capitalists make same product / robot / labor laws in their country.)

Competition --> profit-making innovation.

Competition --> innovation spreading.

EXAMPLE: iPhone. When iPhone new, everyone pay $$$$$$$ for iPhone. Cheap labor + expensive phone = profit.

BUT now Apple, Samsung, etc. all have basically same phone.

Innovations become stupid. 5 iPhone cameras --> 6 iPhone cameras! SOYFACE!

Same thing applies to all commodities.

(Also, fall of USSR and end of space / technology race led to less publicly funded technological innovation, which was often appropriated by capitalists, ESPECAILLY in Silicon Valley… Internet was originally a publicly funded government project.)

More capitalism --> harder to do capitalism --> falling rate of profit --> harder to get passive income

Result?

Reversion to Fedualism

Feudalism = rent seeking

In future, you pay more for things you already have

Rent = more expensive ; subscriptions = more expensive ; Intellectual Property = more expensive

What happens next?

France 1789, Russia 1917, Cuba 1959, etc.

Further reading: Marx, Engles, etc.

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5 points

Well done

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