Re: Massive jump in US population

["Andrew Hagen" <xah@xxxxxxxxxxxxx>]

You noted that US economic growth of the 1990's coincides with
population growth, and claimed that the LTV rightly connects the two.
What, then, under the LTV, would account for the recent decline in
corporate profits and economic growth?

Andrew Hagen
xah@xxxxxxxxxxxxx

On Tue, 02 Jan 2001 15:00:23 -0500, Charles Brown wrote:

>
>
>>>> cburford@xxxxxxxxxx 12/29/00 02:12AM >>>
>The astonishing jump in the population of the USA in just a decade perhaps
>is the real answer behind the astonishing 8 years of unbroken growth of the
>US economy.
>
>Only the labour theory of value explains why more labour power in a society
>means more exchange value.
>
>But only the marxian law of value can explain why a ready supply of cheap
>labour is a vital resource for capital to continue accumulating and
>expanding without suffering periodic recessions, or minimising those that
>do occur.
>
>(((((((((((
>
>CB: But was the "cheap" labor in the territory of the U.S. or in its colonies and new colonies in Eastern Europe especially ?
>
>