[lbo-talk] barbaric

Dmytri Kleiner dk at telekommunisten.net
Mon Mar 5 08:35:47 PST 2007


BklynMagus wrote:
>> Economics 101 tells us that in a free market capital can
> never capture more than it's replacement cost.


> Okay, being an economics knucklehead, does this mean that
> in a totally free market profits would not be made?

This depends on what you mean by profit. In a free market competition will drive the price of Capital to reproduction cost.


> Also, in writing "Economics 101 tells us," do you mean that
> this is theoretically believed or has been proven to be
> true in the real world?

Is this a serious question?


>> Only by preventing independent access to the means of
>> production by terrorizing the population.


> So all the regulation of the supopsedly free market creates
> profit since it limits people's ability to get control of
> production. That makes sense to me.

In that regulation creates privilege, which is the antithesis of a free market. Privilege, by eliminating competition, drives price to utility.

-- Dmytri Kleiner, robotnik Telekommunisten, Berlin.

dk at telekommunisten.net http://www.telekommunisten.net freenode/#telnik



More information about the lbo-talk mailing list