Re: [Marxism] Surplus capital

[Octob1917@xxxxxxx]

In a message dated 11/13/2004 4:32:43 AM Pacific Standard Time,
andromeda246@xxxxxxxxx writes:
At a guess, if all capital tied up in debt securities were invested in
production, you'd thereby wipe out about 2/3 of world unemployment directly.

But the question is: production of what? Your assumptions fail to mention the
underlying irrationality of production under a capitalist economy, the result
of which is always overproduction, inflation, unemployment and recession.

Joe
_______________________________________________
Marxism mailing list
Marxism@xxxxxxxxxxxxxxxxxxx
http://lists.econ.utah.edu/mailman/listinfo/marxism