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this post was submitted on 17 Dec 2024
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askchapo
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Yes, there is a maximum level of extraction available to any mode of production at a given technology level.
This can only be overcome by increasing the productivity of capital (more tech) expanding into new extractive areas (imperialism) or eating your own seed corn and either reducing labour below substinence or liquidating sections of the proles or ruling class (fascism)
Or you know moving to some kind of new mode of production...
This is where the concept of commodity frontier comes to be very useful.