acpollack2 at gmail.com
Tue Feb 5 12:16:19 MST 2013
I'm probably missing something about your question. But if not, the
answer is competition.
Since all capitalists are pursuing technical change, thereby lowering
the price of each unit, the devil takes the hindmost.
On Tue, Feb 5, 2013 at 1:58 PM, Ed George <edgeorge1963 at gmail.com> wrote:
> If the existence of capital implies its own self-expansion, i.e.
> capitalist production and reproduction necessarily implies the
> accumulation of surplus-value, and therefore technical change and a
> rise in the productivity of labour (ratio of physical output to labour
> consumed), what is the *specific* mechanism for the imperative on the
> part of capitalists to accumulate, i.e. consume productively, (some
> of) their surplus-value as new capital (rather than consuming it
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