Must capitalism be racist?

Sam Pawlett rsp at uniserve.com
Thu Dec 30 12:16:56 PST 1999


Jim heartfield wrote:
> Psychic income, what can you buy with that? Presumably he says 'psychic
> income' because you cannot demonstrate that white workers exploit black
> workers without abandoning the Marxist theory of exploitation, but I'm
> not sure that shifting into the realm of the psyche will square the
> circle.

Yes, 'psychic income' is a horrible phrase, one that an economics teacher of mine used to use all the time to designate benefits or enjoyment that cannot be put into $$$ terms.

Sam Pawlett



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