logically, a business would not want to lower wages

because if they did, people would leave them

and work for other businesses

then, they go out of business

if it makes them more money they would that happened at my work, they offered less pay and gave less benefits

lots of people who work for them don't have a choice I can't leave because I need money to afford housing etc.

well, we've identified the problem in your situation

they can lower wages because they are a local monopoly

I don't have any capital because I am a wage worker?

that should not happen in a capitalist society

see

what we have right now

is more or less corporatism

our system is closer to a fascist system than a capitalist one

government essentially works with big business to keep smaller businesses down

they do this through excessive regulation and taxation

as well as subsidies and nationalization

We can agree on a number of things which characterized the latest crisis, but I of course don't support the ABCT. I also don't subscribe to the conventional narrative that crises are merely departures from the usual tendency of the market economy toward equilibrium, automatically adjusting prices so that the supply of commodities corresponds to the demand for them. I believe such economic turbulence, the kind of which we've experience just recently, is a direct result of a propensity for crisis within capitalist development which has been there since the very beginning.

I guess we agree that collusion between the state and business is bad but I think I am better off with more regulation but I feel your would disagree

if it wasn't for regulation the boss would work everyone as long and hard as he wanted

he would do whatever makes a buck no matter what impact it made on the worker

well of course some regulation is required

we're talking about overregulation

which strangles small businesses and keeps more from forming

that's why we have regional monopolies

because no more businesses can start up

I think the line between over regulation and regulation is a matter of opinion

I believe crises results from a breakdown not in the systems capacity to produce enough wealth, but in its capacity to generate enough profit. It is an issue of surplus and not scarcity.

explain lemon

yes explain this

I am not sure if I understand you I am not the smartest man

I would be the first to admit

The overproduction of commodities and the overaccumulation of capital into fewer and fewer hands has led to numerous crises throughout history. I cannot explain in great depth due to time-constraints and the nature of the platform we are using to communicate, which certainly isn't conducive to exhausting theoretical discussions about technicalities relating to economic history, etc. But I'll obviously refer you to the historical record, as well as Marx's theory of capitalist crisis.

Oh, there's this too...

Oh no @Deleted User he’s back

http://journals.sagepub.com/doi/abs/10.1177/0486613412447058

i understand where you are coming from here

overproduction is certainly a problem

I think dr wolff was talking about this but I might be off base that there is a crisis of capitalism as wealth is concentrated the goods produced pile up as the market for those goods shrink, am I on the mark or talking out of my ass?

I can just feel the iq of lemon eminating out of my screen

top cat shush