[PEN-L:6876] Re: rising rate of profit?

[knowware@xxxxxxxxxxxxxx (Tom Walker)]

Blair wrote

>And you a Marxist! Doug, theory tells us that the rate of profit falls over
>time. These data must be incorrect!  ;-)

Tsk, tsk, Blair! You left out the crucial term "tendency". Virtually all of
Das Kapital is an exercise in explaining what the capitalists do to _resist_
this tendency (including lengthening the working day and introducing new
technology) and how that ultimately reinforces the tendency.

There's a world of difference between a tendency and a trend.
Regards,

Tom Walker, knowware@xxxxxxxxxxxxxx, (604) 669-3286
The TimeWork Web: http://mindlink.net/knowware/worksite.htm