this post was submitted on 14 May 2024
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I feel like we're going in circles
Yes, I understand
My question is (1) why can't labor unions fight back against that tendency indefinitely, if given enough power to demand a reasonable share of the extra value of their labor (2) why is socialism guaranteed to get rid of that issue in practice; where has this been tried and worked out that way in reality to make sure it matches the theory
Unions can't fight back against competition being a thing. I think you're confusing RoP with wages.
The Tendency for the Rate of Profit to Fall has been absent from every Socialist country.