[lbo-talk] profits

Doug Henwood dhenwood at panix.com
Tue Aug 17 09:59:31 PDT 2010


On Aug 17, 2010, at 12:21 PM, Carrol Cox wrote:


> Doug Henwood wrote:
>>
>>
> " it is always highest in the countries which are going fastest to
> ruin."
>
> The concrete content of "country," as always, remains ambiguous. As does
> the meaning of "ruin" when applied to nations. Who or what gets ruined?

Check out the full context. Smith was offering an explicit class analysis. Capitalists care about maximizing profits, often at the expense of the mass of a society.

Doug



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