Re: Source of profit

[Philip Ferguson <plf13@xxxxxxxxxxxxxxxxxxx>]

dlaw bailey writes in response to Charles:

>As far as I can see the source of profit is the capitalist buying his
>supplies in one market and selling his product into another.  It is the
>classic source of profit: inequality of information and liquidity.


Of course, since capitalism increasingly creates a single market, even on a
global level, this is clearly nonsensical.

Capitalists buying in one market and selling in another would also lead to
everything cancelling each other out across markets as a whole (if there
were all these separate markets dlaw imagines).

His explanation reminds me of the piece from Alice in Wonderland, or is a
Glibert and Sullivan opera, where everyone in some mythical place makes a
living by taking in each other's laundry.

If I ever have any money, I certainly won't be investing in dlaw's company.







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