Re: What is Marx's view of fiscal policy ?

[Fred Moseley <fmoseley@xxxxxxxxxxxxx>]

Quoting "s.artesian" <sartesian@xxxxxxxxxxxxx>:

> I think Shane's comments are dead on.
>
> There is scant evidence that "service industries" share any
> uniformity in composition of capital.

You are right that there is no uniformity in the service sector
(the productive part), but overall the composition of capital
is much lower than in manufacturing.


> The transportation sector in particular has some of the
> highest rates of fixed, and constant capital.  The restructuring
> of the RR industry, including post OPEC bankruptcies in the 70s/80s,
> mergers, and recoveries in the 90s did not in any way depend on
> reducing the aggregate composition of capital, nor slowing
> down its growth.

I would not include transportation in the services sector.
Transportation would be a separate sector.  Productive services are
hotels and restuarants, personal services, repair services, amusement
and recreation, etc.

Comradely,
Fred


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