Share
13,700 Posts.
lightbulb Created with Sketch. 128
clock Created with Sketch. 23/02/18
16:09
Share
Originally posted by Infose
↑
What I was referring to is the problem of reconciling Marx's idea that only live work can generate a surplus with the fact that profits tend to equalize through out all sectors of the economy. In principle a very capital intensive industry should have less profits than one that is more labour intensive, but in reality that does not happen. This means that the surplus gained in the labor intensive industries has to be partially transferred to the capital intensive ones until the rate of profit equalizes.
Expand
Maybe that's why we have seen offshoring to more labour intensive production. In the Western World this has also resulted in the dismantling of the welfare system. I think the two are related.
