Paul Z. defines the accumulation of capital as follows;
Ok, how about this defintion--accumulation of capital is increase in the
amount of labor hours purchased by capital, accompanied by a required
purchase of additional means of production (the former measured by v and
the latter measured by c)? In other words, it is exactly an expansion of
capitalist social relations of production.
Well, how about the labor-expelling accumulation of capital?
If higher organic compositions of capital decreases the level of labor-
employment even in its absolute level? This Marx called over accumulation
of capital. It is also an accumulation of capital anyway.
Am I preposterous?
BTW, where are they gone who contributed so heavily to the OPE-L everyday,
those long list? I feel at a loss because it is so quiet.
With sincere concerns,
Chai-on