Raedwald reposted
well well well if it isn’t the the thing I wrote about four years ago coming up again redstarcaucus.org/failed-techn...
A capital finds a technology to make its labour more productive than that of other capitals. It makes a surplus profit. The technology becomes the new norm across all capitals. Surplus profit disappears. Expanding scale now only way to make bigger profit. Next technology comes along. Rinse & repeat.