Re: (fwd from Rakesh) reply to DMS on Post

["dmschanoes" <dmschanoes@xxxxxxxxxxxxx>]

RB writes:
please repost the data.
___________________________

Sure..  but you can look for yourself at
http://fisher.lib.virginia.edu/cgi-local/censusbin

And I do this to make my own points clear, a point I think, that is
essential to understanding what is involved in the development of the home
market.....:


For example-- from the 1850 Census:

Alabama  Cap Invest in Man. 3,450,606  Value of Man. Annual Product.
4,528,876
Ct.                                       23,890,408
45, 110, 102
Ga.                                        5,460,483
7,086,525
In.                                         7,842,362
18,922,651
Md.                                     14,763,143
32,517,702
NY.                                     99,904,405
228,597,249


Maryland and NY are respectively the two most "industrialized" states of the
North and South.  Viewing the South as a whole,
its manufacturing capitalization, and "productivity,"--rate of
transformation of manufacturing capital into expanded value of products is
significantly, historically signficantly, lower than those values for the
North.

Now my point in this is simply to clarify what constitutes a domestic
market-- and it ain't shopping at Wal Mart.  The "domestic market" is not
Mall of the Americas. This expansion of the value of the investment in
manufactuing, its capitalization,  into a greater mass of value and at a
higher rate of transformation is exactly what a domestic market is.  It is
expanded reproduction.  This is what distinguishes wage-labor capitalism,
free-soil farming, from plantation slave economy.

As Melvin P. has so succintly pointed out, -- slavery had to go, it was
incompatible with expanded commodity production.

dms



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