Capitalism: Competition, Conflict, Crises -

Prices and profit rates do not stay equalized; rather, they fluctuate continuously around a moving, "gravitating" center. 2. Conflict in Capitalist Dynamics

Competition acts as a form of "economic warfare" where producers constantly attempt to lower costs through wage reduction, technological innovation, and increased efficiency. Capitalism: Competition, Conflict, Crises

Real competition creates intense conflict between companies, industries, and nations, as producers fight for a share of the total global profit. Prices and profit rates do not stay equalized;

Competition shapes global patterns of trade, finance, and investment, reinforcing imbalances between developed and developing economies. they fluctuate continuously around a moving

Shaikh argues that the neoclassical model of "perfect competition" is unrealistic and ideologically driven. Instead, he proposes a theory of :