In a world of perfect competition, there are no profits, but in a world of monopolies, the capital and labor markets are forever in disequilibrium. Implications for worker democracy?
The greatest irony of market economies: they rely on firms that make no profits
The greatest irony of market economies: they…
In a world of perfect competition, there are no profits, but in a world of monopolies, the capital and labor markets are forever in disequilibrium. Implications for worker democracy?