Often, we talk about the contradictions of capitalism inevitably causing economic crises, but what are those contradictions?
Often, we talk about the contradictions of capitalism inevitably causing economic crises, but what are those contradictions?
I think a pretty digestible one is that businesses need customers to buy their product to get profit but also need to keep wages as low as possible to maximize profit, which reduces their customer base because people can’t afford things.
So basically the way millennials are killing industries because they can’t afford them.