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Originally posted by jackinthebox
...What good is the vote if it is superseded by economics...
Dilemma of Accumulation
Capitalists seek to monopolize, but monopoly (and its high profits) lead to
competition. Since monopolies can’t be sustained in the market, capitalists look to (1) the state (which can produce monopolies) and (2) custom (e.g., creating tastes).
During stagnation, three types of adjustment are possible to augment profits: 1) lowering the cost of producing competitive products, 2) finding new buyers for competitive products, 3) finding new products that will be relatively monopolized.
Lowering labor costs conflicts with increasing demand. This dilemma only be
solved by expanding the system, which cannot be done indefinitely.
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