Sunday, October 14, 2018

Free Market, Competition, Profit, Loss

The Surplus-Value that a Good has acquired in the Labor process becomes Profit once it is sold.  On the other hand, if it is not sold, its Surplus-Value remains unactualized, so the investment in it is lost.  Thus, in a Free Market, consisting in Competition, there are both Profits and Losses, with the latter perhaps greater in the case of multiple competitors.  Thus, Free Market principles are inconsistent with both National Wealth-accumulation and the image of a 'rising tide lifting all boats.

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