Greenspan IQ query

Charles Brown CharlesB at
Fri Apr 7 09:34:46 PDT 2000

>>> Rakesh Bhandari <bhandari at Princeton.EDU> 04/06/00 08:05PM >>>
Just to clarify. Even assuming that unit labor costs were not to rise as the entire US based industrial reserve army of labor is called into action, capital still confronts a looming labor shortage due to the immensity of the capital that is being accumulated--Greenspan is only being honest here.

This has given a special virulence to the drive to open up abroad zones of exploitation to which constant capital that would otherwise build up as excess capacity due to a domestic labor shortage can be exported and valorized--I think this is the most important context in which the China question should be considered.


CB: Oh yes, the transnational bourgeoisie is not interested in the Chinese "market" as a source of demand for goods. It is only interested in the worker half of the worker/consumer. The bourgeoisie constantly in search of new markets has nothing to do with the free laborers having wages and spending them.



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