Kapitalist (ir)rationality?

Paul W. Cockshott cockshpw at wfu.edu
Fri Sep 23 09:49:32 MDT 1994


On Fri, 23 Sep 1994, Doug Henwood wrote:

> Paul Cockshott says that the rate of SV in the UK has risen but the
> capitalists have still disinvested. Why would they do such a thing?
>
> Doug
>
> Doug Henwood [dhenwood at panix.com]
> Left Business Observer
> 212-874-4020 (voice)
> 212-874-3137 (fax)
>
>
British figures going back to the last half of the 19th
century seem to indicate that the capitalists would prefer
to consume their profits rather than invest it in means of
production. Perhaps as the bourgois class becomes more and
more rentier in character it is just unashamedly parasitic.



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