[lbo-talk] technical conditions approach

tfast tfast at yorku.ca
Tue Dec 12 18:14:42 PST 2006


My email must be buggy that is the second time this has happened today. WoJ wrote that. Which is innacurate to say the least.


> tfast wrote:
>
> > I think that most today’s prices, at least in the developed world,
> > are driven by the rent component, not by the reproduction of
> > labour power (i..e. the actual cost of production) component. That
> > is to say, a garment that sells for say $50 at Macy’s has about $2
> > reproduction of labor power component (i.e. actual production
> > cost) and $48 in economic rent, i.e. charge for the Macy or other
> > designer schmuck brand.
> >
> In other words, produce locally; save a lot of money; save the
environment.
>
> The market may actually come back to that. It's a lot more fun to go
> shopping at the local crafts fair than it is to go to Macy's.
>
> Cashmere sweaters at Bloomies are $100, but they're crap. In fact, most
> everything you can buy in a store these days is crap, except possibly
> for electronics.....and that's engineered to be outmoded in a couple of
> years.
>
>
>
> Joanna
>
>
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