On 2010-12-01 01:21, Paul Zarembka wrote:
> You are confirming that means of production are unnecessary, that all
> that capitalists need is a labor force. The whole structure of Marx's
> thought is rendered worthless because control over means of production
> becomes irrelevant. Workers are no longer at the mercy of capitalists.
> There is no basis for a class society.
This does not follow at all.
Suppose you do a Marxian decomposition of the average rate of profit of
the invested capital stock:
R = share of surplus labour x ratio of living to dead labour
Now suppose someone asked you to show how the relative growth rate of R
depended on the relative growth rates of the share of surplus labour and
the ratio of living to dead labour. That is quite straight-forward. Then
you were asked under what conditions on those variables would yield the
relative growth rate of R equal to zero? Your odd conclusion will
certainly not follow from this.
Clearly, the relative growth rate of the ratio of living to dead labour
would depend on how fast the amount of labour grows as well as how much
capitalists decide to reinvest rather than unproductively consume.
//Dave Z
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Received on Wed Dec 1 05:21:53 2010
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