Louis Proyect, 14 Jul 2008, provided the following link:
http://www.workersliberty.org/story/2008/05/02/marxists-capitalist-crisis
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This link leads to an article by Lavitsas (London, UK), which – thank goodness,
breaks with the Neanderthal dogma of exploitation as nothing but a
production-side process. Lavitsas states that:
[quote] It has gradually become clear that one of the key features of the
last thirty years is increasing autonomy of finance. . . .
And so the financial system has begun to target the personal income of
private individuals - workers and broader strata of the population - as a
source of profit.
This is a new departure in capitalism. I’d call it direct exploitation -
profit being extracted directly from personal income and not through the
process of production. [end Lavitsas quote]
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