The Collapse of the American Empire, page-1564

  1. 10,846 Posts.
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    "The "labour of others" extracts the wealth from Musk/Tesla."

    And where did Musk get that wealth from in the first place ? It's a class issue, the capitalist class as a whole produces no wealth at all.
    Only the labor of the working class produces wealth , the capitalist class expropriates it.
    Or since 2008 they print it first, hoping to expropriate it in the future.

    "about the way the real world operates,"

    You don't have a clue how the real world operates that is evident from your repetitious little homilies.
    Please educate yourself.

    Finance capital and the COVID-19 pandemic


    Nothing like it has been seen in economic history. According to analysis by the Bank of America, reported by the Financial Times at the weekend, central banks have pumped $32 trillion into financial markets since the pandemic began.

    In response to the market meltdown of March 2020, central banks have been buying financial assets at the rate of $800 million per hour for 20 months.

    The annual economic output of the US is around $22 trillion while global GDP is about $84 trillion.

    Stocks, bonds and other financial assets do not embody real value.

    Vast profits can be made when they are traded but these profits do not signify that any real value has been expanded. By contrast, in the real economy, a company makes profit from the extraction of surplus value from the labour power of the workers it employs.

    https://www.wsws.org/en/articles/2021/12/22/mark-d22.html




 
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