soc dem defended

Dennis R Redmond dredmond at
Fri Oct 6 16:36:30 PDT 2000

On Fri, 6 Oct 2000, Mikalac Norman S NSSC wrote:

> very interesting stats, but what are "high-tech rents to the EU and USA"?

Selling bleeding-edge tech, patents, software, chips, furniture etc. to EU and US firms at above-average profit rates. Swedish firms are quite competitive globally.

> also, how do stats distinguish capital inv. from R&D inv.? isn't it ALL
> capital?

Nope. Some goes to variable capital, salaries and benefits and whatnot; investment would include things like research plant and equipment, lab tools, etc. What the stats say is that Sweden, like the US, is investing heavily in high-tech, but not much else.

This isn't to say that investment is necessarily a good thing; a lot of it is ecologically toxic, and driven by the mania of accumulation. But countries which don't invest in their future have this bad habit of, well, not having one.

-- Dennis

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