Quote:
Originally Posted by Murphy
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The economy's purpose is to produce and for the population to consume ad infinitum, with those seeking a profit continually seeking further profit ad inifinitum -- this will reach a breaking point when there is nothing left to consume or the planet is rendered uninhabitable due to continued catastrophic pollutants and so on.
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Or, as in the case of the current US economic problems, those seeking profit have all of the currency available in their possession and those seeking goods have no currency remaining. From here, the currency shifts and the process of fleecing consumers starts over again.
Quote:
Originally Posted by Murphy
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" Marx assumed that the competitive processes of a capitalist market society would lead to a concentration of capital ownership in fewer and fewer hands.
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Exactly.