Greenspan IQ query

Doug Henwood dhenwood at
Sat Apr 8 10:33:33 PDT 2000

Rakesh Bhandari wrote:

>Yes, Gspan is trying to avoid a coming crisis of underproduction of surplus
>value, imperfect valorization of that mountain of capital. He is openly
>concerned whether this rapid rate of accumulation which given some upward
>pressure on OCC means enormous increase in amount of constant capital
>needs to be slowed down before that swollen mass of accumulated machinery
>and productive capacity will be idled due to shortage of workers.

Not a "shortage of workers" in itself, but a shortage of workers at current wage levels and with the current state of worker consciousness (i.e., still a bit scared). Alan's getting "boom-tired," as Kalecki put it.


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