[Marxism] Another person's comment; unrealized expectations

[Charles Brown <cdb1003@xxxxxxxxxxx>]

The purpose of capitalist 
production, however, is self-expansion of capital, i.e., appropriation of 
surplus-labour, production of surplus-value, of profit. 

^^^^^^
CB: As long as the discussion 
remains limited to the
production process proper,
the "profit" referred to
here remains theoretical,
inchoate, expected.
If all the commodities
produced are not sold,
the theoretical profit
will not be realized, the
expectations not met.

In M-C-M(1), the
increase in M to M(1)
won't occur if the
commodities produced
in C are not all sold.

The laboring population
as a whole is never paid enough to
 consume all those commodities,
or else there never even would
arise the full theoretical
and expected profit; because by the
definition of surplus labor,
the commodities produced
by surplus labor, the surplus
production, are not
paid for in wages to the laborers/consumers.

So, there is a fall in the
rate of profit due to
overproduction of capital,
overaccumulation as Marx
describes. There will be, also, for some
capitalists,
a logically necessary failure to
realize the rate of profit (which profit is 
only _theoretical_ at the stage of
production proper)
implied by the appropriation of
surplus products
 due to the
 restriction on the consumption
of the masses of laborers/consumers
who are not not paid for
producing those surplus products.
Some capitalists'expectations of
the size of profits realized are bound 
not to be met.  


________________________________________________
YOU MUST clip all extraneous text when replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: 
http://lists.econ.utah.edu/mailman/options/marxism/archive%40archives.econ.utah.edu