Marx on Geometric Change (1. The Rate of Profit)

While… productive power increases in a geometric, the extension of markets proceeds at best in an arithmetic ratio. —Engels, preface to the 1886 English edition of Capital Vol. 1 Change and Progress Theories of ‘accelerating change’ are mostly commonly associated with a particular strain of techno-utopian thought, concentrated primarily on the libertarian—and perhaps at this point, postlibertarian—side […]

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