Re: super profits

[Yoshie Furuhashi <furuhashi.1@xxxxxxx>]

> Devine, James wrote:
>
> > In terms of value theory (as I understand it), "super-profits" are
> > simply profits above the social average, which would be the average
> > for the whole capitalist world. Persistent super-profits result from
> > barriers to entry into an industry, raw-material rents,
> > technological rents, and the like.
>
> Yeah, I knew that. Where are they happening, is my question, and
> what's the mechanism through which U.S. workers are bribed with them?
>
> Doug

The mechanism is cheaper consumer goods, which depress wage demands.
--
Yoshie

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