[lbo-talk] new economic models

[Miles Jackson]

Doug Henwood wrote:
> What he is literally saying is that the business side of an editorial 
> operation—which is, in this case, the owners, not merely the part of 
> the organization that handles the business of the site—is the complete 
> authority of the editorial operation. That they retain all of the 
> value, and that they have no obligation to share any of that income 
> with any other part of the business. (In his description, this website 
> in question "makes good money," which then pays the people who make 
> the website something "nominal; a few bucks," or nothing at all.)
>
> All of which is to say that the owners provide none of the product 
> which is actually being sold and retain nearly all of the profit of 
> that labor.
>

Perhaps I'm growing cynical in my old age, but my initial reaction 
is--/quelle surprise/.  Capitalists taking advantage of innovation to 
squeeze more surplus value out of workers?  Didn't ol' Whiskers point 
this out like 150 years ago?

Miles