Eric Maugendre about carbonJonathan #Nitzan and Shimshon #Bichler on #pricing:
"On the one hand, the profit target and markup built into the price reflect the firm’s power, while, on the other hand, that power, exercised by the high price, serves to restrict industry below its full capacity. The sabotage and the power to inflict it remain concealed, but their consequences are very real."
https://blairfix.github.io/capital_as_power/accumulation-and-sabotage.html#fnref174 #inflation #prices
"On the one hand, the profit target and markup built into the price reflect the firm’s power, while, on the other hand, that power, exercised by the high price, serves to restrict industry below its full capacity. The sabotage and the power to inflict it remain concealed, but their consequences are very real."
https://blairfix.github.io/capital_as_power/accumulation-and-sabotage.html#fnref174 #inflation #prices
glasspshr