Re:Oregon passed sweeping housing crisis laws
by jdavis703 on Saturday July 20, 2019 @12:19PM
(#20486615)
If we can agree that profit is essentially what we call "greed," any financial risk means deceased profits, in other words less opportunity for greed. I'm not a communist so I'm not against profit, but in Marxist theory this kind of profit is seen as the problem with capitalism.
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Re:Oregon passed sweeping housing crisis laws
by roenxi on Saturday July 20, 2019 @01:02PM
(#20486935)
You might want to re-read your Marx; one of his more famous and less controversial observations was that the rate of profit tends to decrease over time in a healthy market.
High rates of profit wasn't the problem, it was the negative effects that were theorised to occur when the rate of profits, inevitably, fell too low.