Mandel and Keyens

Doug Henwood dhenwood at panix.com
Sat Sep 19 10:45:12 PDT 1998


Rakesh Bhandari wrote:


>So Keynes is only prettifying what Grossmann discovered--that the
>resumption of accumulation requires a higher rate of exploitation, however
>accomplished.

We know what we mean by the term exploitation, but try it out on an audience of working people in this glorious land we live in. If you tell them they're more exploited now, with unemployment around 4.5% and real wages rising, than they were a few years ago when it was 7% and real wages were falling, they'll think you're nuts, even though you're right.

Doug



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