On Sep 2, 2010, at 3:11 PM, Angelus Novus wrote:
>
> Shane Mage:
>
>> And how could anyone, after Marx devoted so much exposition to the
>> category of "relative surplus value," the main source of profit,
>> claim
>> that that profits (as distinct from ground and monopoly rents and
>> ?interest) "have little to do with performance?"
>
> Here on Earth-Prime, relative surplus value usually refers to
> lowering commodity value by decreasing socially necessary labour time.
>
> Maybe you can elucidate a bit upon this daring new Mage-ian notion
> of relative surplus value tied to "performance".
How is the "decreasing" of socially necessary labour time (the increasing of the productivity of social labor) brought about? By investment in improved means of production. Duh. What does "performance" of entrepreneurial capital mean? Investing in improved means of production. Double Duh.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos