[Marxism] Italy and European austerity

Ian Ilett ianaylett at gmail.com
Mon Dec 10 15:05:26 MST 2012


Michael Roberts blog:
http://thenextrecession.wordpress.com/2012/12/10/an-italian-job-and-a-greek-tragedy/

"Italian workers are not paid too much, do not receive bloated
pensions or are blocking higher productivity.  On the contrary,
according to my calculations (sources provided on request) the rate of
surplus value that Italian employers extract from their workforce has
been way higher than that achieved in Germany or the US."




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