[lbo-talk] Delong puts the smackdown on ol' Whiskers

Doug Henwood dhenwood at panix.com
Tue Apr 5 16:32:23 PDT 2005


andie nachgeborenen wrote:


> These erxamples show that there are other
>cources of profits than exploitation.

I don't want to step into that transformational minefield, but there's a difference between profits, as understood in the modern accounting sense, and surplus value, which can be divided into many different forms (profit, interest, rent, dividends...).

And just what is corp abstinence, anyway? They get the investment spending back in profits. Didn't Kalecki say something like workers spend what they get, capitalists get what they spend?

Doug



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