From: Carrol Cox
Are there figures available on the net inflow/outflow of funds from Africa? From Latin America? Or in real terms: do more products flow from Africa to core capitalist nations or from core capitalist nations to Africa? To Latin America? The concept of "sharing profits" with workers is of course absurd, since it implies that u.s. workers (a) do not produce surplus value (in empirical terms, that their employers make no profits from their work) and (b) share in the profits that come from abroad. ^^^ CB: Marx , Engels and Marx ( not known for disrespecting workers) all linked higher wages for workers in the imperialist countries to super profits from colonialism and imperialism. I think the logic is that the super profits ( meaning extra profits , high rate of profit, not gigantic absolute values of profits) allow the capitalists to cut the workers some slack in the ongoing wage class struggles. In other words, the extra profits from colonialism subsidize higher wages in the imperial centers. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
