[lbo-talk] Marx on profits

Doug Henwood dhenwood at panix.com
Tue Nov 27 06:12:13 PST 2007


On Nov 26, 2007, at 11:31 PM, abu hartal wrote:


> What has been done to restore profitability or to secure outlets
> for the profitable investment of a mounting stock of idle capital?
> Social democracy and collective bargaining have been scrapped.
> Industries have been restructured to guarantee shareholder value.

Yeah. Countervailing tendencies. Increased exploitation, cheapening of capital goods, foreign trade, growth in stock capital. It's mostly worked, at least until now.

Doug



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