> > ----------
>> From: Doug Henwood[SMTP:dhenwood at panix.com]
>> Reply To: lbo-talk at lists.panix.com
>> Sent: Monday, November 06, 2000 12:51 PM
>> To: lbo-talk at lists.panix.com
>> Subject: RE: anti-Ralph petition
>>
>> But the maintenance of the capitalist social relation (by the
>> capitalists) is ultimately about profit maximization, no? Why else
>> are capitalists interested in controlling the workplace?
>>
> ---
>
> What about Kalecki's argument that full employment would boost
>profits but business opposes it for political reasons? You used to like that
>argument.
Still do. What's the contradiction? Full employment might boost profits in the shorter term, but a confident workforce and tight labor markets are rich ground for union organizing and wage increases - which would erode profits in the long term.
Doug