[lbo-talk] productivity and profits

Carrol Cox cbcox at ilstu.edu
Fri Jan 2 13:53:01 PST 2004


Doug Henwood wrote:
>
> 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?
>

What is the explanation for that historical fact? Or is it merely a fact, and expectations are based merely on the premise that what has been and is will be? (That is a good rule of thumb, but subject to all the hazards of any rule of thumb.)

Carrol



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