[Marxism] Re: Surplus capital

[Michael Catolico <mcatolico@xxxxxxxxxxxxxx>]

Jurriaan 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

i'm curious about why you assume that flows into debt securities do not
contribute to production directly? isn't debt just another form of
capital investment? and aren't interest payments simply another form of
extracting surplus capital? why do you differentiate between the two
forms of capital?

michael



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