====================================================================== Rule #1: YOU MUST clip all extraneous text when replying to a message. ======================================================================
Rakesh Bhandari wrote: > ... They rarely consider > the possibility that the earnings rise is just another temporary > manifestation of the stock market rise." p. 136 And not just the stock market rise: there have been several good studies showing that earnings increases in the 1990s-2000s can be deconstructed for interest income associated with financialisation, or sales of (bubbled-up) real estate, or other manifestations of profits that are not correlated to surplus value extraction - which after all would be the whole point of the FROP argument, eh. I wish there were more such studies into the 'hollow' corporation. ________________________________________________ Send list submissions to: [email protected] Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
