this post was submitted on 01 May 2024
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[–] 666@lemmygrad.ml 21 points 6 months ago (1 children)

I think it's better to look at it in the bigger picture. We all know "Marx's Double-Edged Law"; it is being applied in action here. I think it's interesting at this point in time the capitalists of the United States are considering the sale of it's domestic steel while the E.U oligarchs are beginning to cannibalize their own assets by purchasing increasingly leveraged U.S assets under the auspice of war.

It'll be still a long time before they hit bedrock; but the stones are beginning to show.

[–] nephs@lemmygrad.ml 10 points 6 months ago (2 children)

Do you have a reference for Marx 's double edged law? That's a new concept got for me.

[–] pearable@lemmy.ml 6 points 6 months ago* (last edited 6 months ago) (2 children)

I'd guess Tendency of the rate of profit to fall but I'm not sure either.

Edit: after some cursory googling, I believe I'm correct.

[–] nephs@lemmygrad.ml 3 points 6 months ago

Thank you for using your Google-fu. I appreciate it.

[–] 666@lemmygrad.ml 2 points 6 months ago

You are correct. That is the slang term. It sounds cooler and makes me picture Mecha-Marx.

[–] 666@lemmygrad.ml 2 points 6 months ago

Tendency of the rate of profit to fall from Vol 3.