wall street

Charles Brown CharlesB at SPAMCNCL.ci.detroit.mi.us
Sun Mar 18 08:43:29 MST 2001




>>> welch at cwcom.net 03/17/01 12:57PM >>>
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.

(((((((((

CB: What about the social nature of production and the private nature of appropriation
?






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