dhenwood at panix.com
Fri Sep 23 11:42:36 MDT 1994
Does this mean that 1) the capitalist class has entirely lost the social
justification (apologetic variety, of course) for its existence; and/or
2) Britain is a special case?
Doug Henwood [dhenwood at panix.com]
Left Business Observer
On Fri, 23 Sep 1994, Paul W. Cockshott wrote:
> 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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