But this presumes that accumulation is unstoppable or that it cannot slow down. Finding an outlet for the surplus is also a vexing problem (this could put a brake on accumulation). Although disappearance of the surplus is overstating it.
Anthony On Sun, Feb 6, 2011 at 7:55 PM, michael perelman < [email protected]> wrote: > Does this make sense? The surplus is invested to create more surplus > [assuming it is invested productively; the article does not suggested > that the surplus is used for speculation]. As the degree of > exploitation increases, still more surplus should appear. David > Harvey insists that the problem is finding an outlet for the surplus. > > > On Sun, Feb 6, 2011 at 7:23 AM, Marv Gandall <[email protected]> wrote: > Now, argue economists Michael Spence and Richard Dobbs, that surplus > is rapidly disappearing as accelerating demand from China and other > emerging economic powers begins to outstrip the global supply of > capital. > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa Professor of Indian Studies and Research Director Asia Research Centre Copenhagen Business School Dalgas Have 15 DK-2000 Frederiksberg, Denmark Ph: +45 3815 2572 *A NEW INDIA?* http://www.anthempress.com/pdf/9780857286642.pdf http://uk.cbs.dk/arc http://www.thisismodernindia.com/this_is_modern_india_about_us.html xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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