On 2010-10-25 19:01, GERALD LEVY wrote:
> To think that you can have capitalism when the
> individual members of the capitalist class consume on average the same amount
> and quality of output as individual members of the working class consume
> is folly.
Again this is a misunderstanding. The amount of output of the basic
sector consumed by the capitalist class is determined by the amount of
surplus labour they can extract within it. This is something different
from the reproduction of the non-basic sector.
As for the necessity of a distinct set of 'quality goods' for the
existence of capitalist relations of production; well yes this is the
apologetics one would hear from the rentier class, while the industrial
bourgeoisie that Adam Smith defended would think otherwise.
//Dave Z
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Received on Mon Oct 25 13:58:16 2010
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