> It lives off entirely from the surplus labour pumped out from the > workers in the basic sector, and it impedes the growth of the real > capital stock and of productivity.
Hi Dave:
As has been noted on this list before, many - if not most - of the
technological breakthroughs of the 20th Century which both resulted in
new means of consumption and new productivity-increasing means of
production were a consequence of state spending on the military. So, your
claim that the military sector "impedes the growth of the real
capital stock and of productivity" is - from a historical perspective -
simply not correct. This error arises from strictly applying a Sraffian
'basic' goods' vs. 'non-basic' goods sector distinction: it does not allow
one to see the actual inter-relations and inter-connectedness over
time between different sectors and branches of production.
In solidarity, Jerry
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Received on Sat Jan 24 07:27:30 2009
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