I would research “tendency of rate of profit to fall.” No, automation is not socialism, though it is more viable with socialism than capitalism in the long term.
Presumably a massive economic crash. This has obviously never happened, it doesn’t even “fall” consistently over time due to the repeated capture of new markets overseas. Marx is just describing the consequences of “automation” under capitalism, or more generally the outsourcing of human labor to machinery.
I would research “tendency of rate of profit to fall.” No, automation is not socialism, though it is more viable with socialism than capitalism in the long term.
So, what could happen at the end? Once the rate of profit becomes 0?
Presumably a massive economic crash. This has obviously never happened, it doesn’t even “fall” consistently over time due to the repeated capture of new markets overseas. Marx is just describing the consequences of “automation” under capitalism, or more generally the outsourcing of human labor to machinery.