this post was submitted on 23 Oct 2024
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[–] Diplomjodler3@lemmy.world 53 points 21 hours ago (2 children)

No, it's monopoly capitalism. A certain Mr. Marx from Germany had a few things to say about it.

[–] UnderpantsWeevil@lemmy.world 12 points 16 hours ago

One consequence of monopoly capitalism is businesses pursuing growth in revenue more aggressively than growth in user base.

When the market is saturated, all you can do to pursue growth is to increase unit margin. This eventually leads to production of "fictitious capital" as a stand in for real capital (as paper assets cost virtually nothing to produce).

Das Kapital goes into lengthy detail about this process. Specifically, the "how much does it cost to make a coat" chapter gets into it in (exhaustive) detail.