[lbo-talk] Capitalism & Psychoanalysis

[joanna bujes]

Yes, you're literally right. But no matter what the crowd believes, the 
capitalists keep the profits while the rest of us have basically enough 
to eat and make the rent. Our "profits" are always in the future; theirs 
can be enjoyed today.

Joanna

Doug Henwood wrote:


> joanna bujes wrote:
>
>> Capitalists don't enjoy their profits in the future. They enjoy them 
>> in the present.
>
>
> Hmm, not exactly. The stock market is all about future profits - or, 
> more precisely, expectations of future profits. And real investment, 
> as Keynes argued, is determined largely by profit expectations, 
> expectations that are heavily shaped by crowd psychology.
>
> Doug
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