>Obviously, however, surplus value/variable capital (the rate of
>exploitation in Marx) is vastly different than, and far exceeds, the
>ratio of profits to wages in the NIPA. Any marxian analysis of
>capitalist development must then begin with the sources and uses of that
>surplus value and the social class struggle far beyond the walls of the
>factory. Rather than comparing reported paper profits to that even more
>useless analytical category, employee compensation of nonfinancial
>corps. in the NIPA, that is.
So do a bit of it for us. All you value-heads always invoke some profounder understanding of the economy through your analytical apparatus, comparing it scornfully to the bourgeois NIPAs, but I keep waiting for the payoff. What are you driving at?
Doug