Equilibrium price?

November 2024 Forums General discussion Equilibrium price?

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    Anonymous
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    Young Master Smeet wrote:
    As Uncle Charlie noted: "Even a cursory examination of competition shows, furthermore, that under certain circumstances, when the greater capitalist wishes to make room for himself on the market, and to crowd out the smaller ones, as happens in times of crises, he makes practical use of this, i.e., he deliberately lowers his rate of profit in order to drive the smaller ones to the wall. "https://www.marxists.org/archive/marx/works/1894-c3/ch13.htm

    That is what Monsanto has done with many small farmers to put them out of business. There is no such thing as free market and equilibrium price in capitalism in the real world

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