The tendency of profits to decline is is what drives the supposed innovation of the capitalist system: the need to always move to a different horizon of extraction, to find untapped sources of value that can stave off this heat-death for just a little longer. Sometimes the state intervenes and slaps them away from one horizon of extraction (see: child labor laws,) but this only rarely happens.
Read MoreFirst of all, I realize June is not yet over. But I have read fifteen of the thirty books on my Goodreads goal, so it seemed like a good time to do another book round-up. It’s been a bit of an odd go, for reasons that will hopefully become clear, but we’ll see. Also worth noting is that most of the links do go to Goodreads pages; they are not subsidizing me, but it seemed more useful than anything else. (Image is The Magician King by Lev Grossman, which is mentioned but not pictured in the piece.)
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