From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Dec 06 2006 - 11:24:29 EST
> Where did you get this from Loren, Jerry? Hi Paul Z: It was an excepted from LG's original post, which I reposted on OPE-L: <http://ricardo.ecn.wfu.edu/~cottrell/ope/archive/0612/0058.html> (see paragraph that begins "I'm sure you throw Rosa Luxemburg's Accumulation of Capital ...") In solidarity, Jerry > [Loren Goldner wrote:] > Primitive accumulation > means accumulation that violates the capitalist law of > value, i.e. non-exchange of equivalents. > > processes. When Western capital sucks Third World > labor power whose costs of reproduction it did not pay > for into the world division of labor, whether in > Indonesia or in Los Angeles, that's primitive > accumulation. when capital loots the natural > environment and does not pay the replacement costs for > that damage, that's primitive accumulation. When > capital runs capital plant and infrastructure into the > ground (the story of much of the U.S. economy since > the 1960's) that's primitive accumulation. When > capital pays workers non-reproductive wages, that's > primitive accumulation too.
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