>>513230636
>>513230557
>The measurable gap between the value a worker produces (like a $500 widget) and their wage ($50)
Clearly, you think of value as price or as quantifiable in money. Which is wrong. Value is all of the possible desirable uses of something. Not just the known possible desirable uses or those possible uses desirable to someone in particular.
>the falling rate of profit
Is caused by the slowdown in the rate of creation of new money below geometric and./or the inability to cut costs even further.
>–
Heh.
>extracting sufficient surplus value
Again thinking of value as money or quantifiable in money. Wrong.
>from productive labor due to automation, competition, or rising costs.
You're talking like you think of financial profit as surplus value. All I can do is lol.
>Statements like "financial profit does not require production. See Iceland" mistake a temporary bubble for a sustainable system.
Capitalism itself is one giant bubble and one giant ponzi scheme and invariably unsustainable for more than a few decades.
>Finance ultimately parasitizes the real economy built on that labor.
Yes. But, in capitalism, the real economy needs finance to create the new fiat currency the constant creation of which is required by the real economy in order to be financially profitable. But that financial profit comes at the cost of inflation which kills the real economy anyway, just more slowly and gradually, over decades.
>>513229920 (You)
>rate of surplus value extraction
Again with the weasel word.
>profitability
Requires ever accelerating creation of new money. Which requires that money be fiat currency.
>(where surplus value is harder to extract) into speculation.
Just say financial profit. It's easier on the soul.
>Dismissing "value" ignores the foundation of political economy.
Not my problem. You were trained on cargocult nonsense.