Greenspan IQ query

[Rakesh Bhandari]

Enrique, I was referring *real* accumulation of physical machines, etc and
addition of capacity in producer goods. In order to avoid excess
capacity/idle capital, the reservoir of labor cannot dry up; scarcity of
workers in relation to real capital means surplus of workers.  Of course
overcoming labor shortage does not mean profits extracted will actually 
be sufficient for further accumulation--and these market caps will be
revealed to be ridiculous.  But shortage of surplus value--which is what
governs all of Marx's thought--can be brought about by an insufficient
population base and/or insufficient rate of exploitation. No credit to
Greenspan really. 
Yours, Rakesh