<html>
At 11:54 AM 7/3/2002 -0700, you wrote:<br>
<blockquote type=cite class=cite cite>Wojtek Sokolowski wrote:<br><br>
<blockquote type=cite class=cite cite>In this conceptualization,
consistent with Marx - working class derives its income mostly from
market value compensation for the labor power they sell, regardless of
the amount of that compensation. An expert technician, engineer,
architect, or a professional can earn $200-$300 an hour and still be
considered working class. A capitalist's remuneration, otoh, is
mostly rent derived from his/her monopoly/celebrity status. The
border line between the two is somewhat vague, as with most things in
real life.</blockquote><br>
Let me get this straight. A "capitalist"<u> rents</u> his
labour power, a worker<u> sells</u> his labour power. But the class
distinction between Bill Gates and Bill Bartlett is entirely down to his
celebrity status. The fact he has a share portfolio worth billions
doesn't figure in your class definition at all?<br><br>
Bill Bartlett<br>
Bracknell Tas</blockquote><br><br>
Capitalists do not rent their labor power - their remuneration is based
on their monopoly position i.e. celebrity status or actual control of the
process of production - which in economics is called
"rent."<br><br>
wojtek<br><br>
</html>