Jamil Jonna <[email protected]> wrote: > I agree about Apple/Google/Microsoft but I don't think "rivalry" is the same > as "competition," so it does not follow that rivalry leads to an equalization > of profit rates. In other words, even if competition appears to be "intense," > profit rates in oligopolistic vs. competitive sectors tend to be highly > skewed in favor of oligopolistic sector. At least all of the the evidence > I've seen supports this view. If you have contrary evidence, I'd be > interested in seeing it.<
I never said that actual profit rates equaled the average profit rate. To be unnecessarily pedantic, if two companies of equal weight in the economy have profit rates x and y, the average profit rate = (x + y)/2 even if x does not equal y. That average is different from the profit rate seen in (more) competitive sectors (the competitive profit rate). Instead, it's a macroeconomic variable (economy-wide surplus-value/(economy-wide capital invested).) Even in the most competitive capitalist economy (i.e., one with easy movement between sectors, similar firms competing in each sector, etc.) actual profit rates differ from the average, since the economy is always changing -- shook up by accumulation and technical change. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
