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    Linda Woodrow (lindawoodrow@mastodon.social)'s status on Friday, 06-Dec-2024 09:08:22 JSTLinda WoodrowLinda Woodrow
    in reply to
    • ☭ 𝗖 𝗔 𝗧 ☭

    @Radical_EgoCom @FisherPeter I think those terms are all classic economic theory, & mean something very different in classic theory to what we have now. We don't have anything like marketplace competition except perhaps in very small businesses. We have corporate ownership of most means of production, and both "corporate" and "means of production" signify different things to what they did in Adam Smith's time, & classic theory falls over when "profit" is is speculative, not surplus value. 1/2

    In conversationabout 7 months ago from mastodon.socialpermalink
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