[lbo-talk] productivity and profits

Gregory Geboski greg at mail.unionwebservices.com
Fri Jan 2 13:50:58 PST 2004


Because there is no reason to expect that short-term trends in the United States will coincide with the "long sweep of capitalist history."

"[B]bring[ing] more & more people into paid work..." But the US has all but universalized the wage labor system within its borders, yes? About the only thing left to do is mess with the labor time-wages level--and I still don't see why that trend shouldn't continue downward (more labor time for lower real wages) minus countervailing political pressure.

Applied to China or India, I wouldn't argue with you.

---------- Original Message ---------------------------------- From: Doug Henwood <dhenwood at panix.com> Reply-To: lbo-talk at lbo-talk.org Date: Fri, 2 Jan 2004 16:17:03 -0500


>Gregory Geboski wrote:
>
>>NIPA stats aside, I read the basic SF Chron contention--essentially,
>>intensive exploitation and suppression of real job growth now will
>>lead to job growth in some happy future--as ridiculous on its face.
>>Why should the bosses change?
>
>The long sweep of capitalist history is to bring more & more people
>into paid work - never as many as would like paid work, and often
>under appalling conditions, but why is there any reason to assume
>that this long-term trend won't resume?
>
>Doug
>___________________________________
>http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



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