this post was submitted on 12 Sep 2023
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really? companies have been pulling in trillions in profits
falling rate of profit doesn't mean there was a loss. Just less profit (by percent, ROI) than previous years
https://thenextrecession.wordpress.com/2022/12/18/the-us-rate-of-profit-in-2021/
https://thenextrecession.files.wordpress.com/2022/12/usrop1.png
You need to take into account inflation, how much was invested vs. how much profit was made & various industries across different sectors. The overall trend has been less and less profit over time, which means companies have to be more and more exploitative or delivery a shittier product over time to keep getting the same returns they have been used to. Eventually it will reach the point of no profit, which is the end-point of capitalism in which it will start another world war or implode to reset.