[lbo-talk] new economic models

Doug Henwood dhenwood at panix.com
Tue Jun 30 16:13:09 PDT 2009


On Jun 30, 2009, at 7:09 PM, Miles Jackson wrote:


> 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?

I think the baldness of the expression is what's he's reacting to. Choire Sicha is no naif.

Doug



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