Re: [OPE-L] accumulation of capital and the working class - actual non existence of variable capital

From: Gerald Levy (glevy@LAGCC.CUNY.EDU)
Date: Thu Jan 10 2008 - 19:17:20 EST

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Strictly speaking, the capital involved in paying "unproductive labour" is in aggregate not variable capital, but constant capital, since it creates no net new value but only redistributes it, yet for the individual employer it functions as variable capital, insofar as surplus labour is performed that enables an appropriation of profit.  


Hi Jurriaan:

Yet, strictly speaking (and in every other way) unproductive labour 
is not means of production  and "dead labor".  The labor may be 
unproductive but it is still labor.   

I gather, though, from previous discussions that you are not
satisfied with treating the wages of unproductive labor as 
deductions from surplus value (and hence non-C and non-V) ....

In solidarity, Jerry

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