Re: Joan Robinson quote

[Harry Veeder <eo200@xxxxxxxxxxxxxxxxxxx>]

Title: Re: Joan Robinson quote

> Could someone please provide me with the reference of
> Joan
> Robinson's quote, "the misery of being exploited by
> capitalists
> is  nothing compared to the misery of not being exploited at all"
> ?
> Thanks in
> advance,
> Gernot
> Kohler
> email: gkohler@xxxxxxxxxxxxx

If a worker doesn't posses any material or financial capital,

then his education and his body are his capital. Workers

manage their capital by taking an interest in their food, fitness,

clothing and heritage.

These days plenty of credit income goes around but not enough

interest income. Without enough interest income, workers cannot manage

their own capital effectively. Workers spend too much time buying

things with credit instead of spending more time making things

with interest.

In the 1930's I believe the opposite problem was the case.

Plenty of interest income went around, but not enough

credit income.

Harry Veeder