Re: [Marxism] Mortgage Company Exec Jumps to Death

[Les Schaffer <schaffer@xxxxxxxxxxxxx>]

Steve:

let me take this opportunity to remind you to clip quoted text when 
replying to a marxmail post.

as for falling profitability, i hear too much debate on this and other 
lists to take on faith that falling profitability is the root of 
capitalism's current dynamic though it must be a driving factor.  i am 
ok with accepting there is also a layer of capital's actors that profit 
from all kinds of financial and speculative schemes. and i am interested 
in the details. i agree with you this happens in many sectors, not just 
this one. check out the diagram in the WSJ article, its interesting to 
me to see how the extraction of value works at many different siphoning 
points.

as for plunging brokers. i wouldn't hold my breath. next time you are up 
around Fairfield County USA we'll take a ride around and i will show you 
the mansions going up everywhere, with the four and five car garages.

cf:  http://online.wsj.com/article/SB120069319738001353.html

   

    The New American Gentry
    Wealthy folks are colonizing rural areas,
    bringing cash, culture -- and controversy
    By CONOR DOUGHERTY
    January 19, 2008

    McCall, Idaho

    The word "gentrification" conjures up images of once-poor urban
    neighborhoods invaded by cappuccino bars and million-dollar condos.
    Now, broad swaths of rural America -- from New England to the Rocky
    Mountain West -- are being gussied up, too.

Les

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