[lbo-talk] Primitive accumulation - Harvey on Marx

Doug Henwood dhenwood at panix.com
Sun Dec 10 12:52:04 PST 2006


On Dec 10, 2006, at 3:35 PM, Nicholas Ruiz III wrote:


> Another example of the unfettered state of Capital: pick an equity
> ticker;
> short one thousand shares. Let's say it goes down one dollar on no
> news or
> incident (this happens everyday). Cover (buy back) your shares.
> You just
> increased your monetary Capital by $1K.

And someone else lost $1K. Perhaps not literally a literal someone, but a conceptual someone. The size of the proverbial pie hasn't changed, just its division.

Doug



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