welch at SPAMcwcom.net
Sat Mar 17 10:42:59 MST 2001
On Sat, Mar 17, 2001 at 12:17:10PM -0500, Henry C.K. Liu wrote:
> Why is capital so fearful of fair wages? Is it not time to face facts and
> recognize that wages drives consumption and in a world of structural over
> capacity, high wages is good economics?
Leaving aside the dubious notion of fair wages, this is back to front, the
reason for capitalist crisis is not a lack of demand but the over production
of capital relative to the production of surplus value.
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