--- Roger Odisio <rodisio at igc.org> wrote: > Max
Sawicky
>
> All in all, an exceedingly minute point, Max. I
> suppose you could find
> a corp. that aggressively pursues price cutting to
> get market share that
> requires more labor and cuts into surplus value and
> maybe profits too.
> And, btw, they could maintain profits by replacing
> their cronies in the
> management layers with productiove workers who
> enhance output. But
> don't hold your breath. And where are these
> aggressive, price cutting
> corps anyway? Nowadays corps get market share
> mainly by buying it
> (mergers and acquisitions).
>
The obvious thing that comes to my mind is the endearing habit of big commercial banks (viz: Commedy/Commerzbank, BNP, Old NatWest and if my sources are correct, now Bank of America) to decide that they want to get into investment banking. Which tends to involve shelling out large sums of surplus-value extracted from mortagors, credit card borrowers and overworked till jockeys, and putting it back into the proleteriat (albeit to the least deserving and nastiest section thereof). It's a known disastrous business strategy, bad for short term profits, long-term profits and shareholder returns, but it does have the advantage of allowing the management of what would otherwise be a dull retail bank to hob and nob with the rich and powerful.
d^2
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