Re: [OPE] Heinz Dieterich's General Program for Transition TowardsXXICentury Socialism in Latin America

Perhaps we should pay attention to Marx's comments on labour tokens in the Grundrisse!

Paul
  ----- Original Message -----
  From: Gerald Levy
  To: Outline on Political Economy mailing list
  Sent: Wednesday, October 22, 2008 7:34 AM
  Subject: Re: [OPE] Heinz Dieterich's General Program for Transition TowardsXXICentury Socialism in Latin America

  Hi Jurriaan:

  *Every day there are hundreds of millions of workers who are "cheated"
  BY THE MARKET* - in the following sense. Wage workers enter into an
  agreement with employers (capitalists and the state) to be paid a certain
  wage. They (generally) receive that wage (in *nominal* terms) but the
  purchasing power of their wages declines when the average price of goods
  on *markets* increases (inflation). Over time, they might (or might not be)
  successful in regaining their purchasing power "stolen" from them by the
  *market* if they succeed in re-negotiating wages (so that the value of labour
  power returns to its former state ... or, perhaps, increases). Hence, in the
  short-term, inflation (the market) cheats workers but over the longer-term
  the VLP might remain stable or even increase.

  In solidarity, Jerry

> I think Dieterich's "labour-token" scheme is going to fail. The general hostility
> to markets and prices is unwarranted. The way they're going, they'll never reduce
> price inflation. I don't want to have anything to do with input cheats.

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Received on Wed Oct 22 19:29:18 2008