Gill: > P.S.: If you changed your example so that instead the land in > question was rented to a capitalist firm, which uses the land in > its production process and pays the rent out of returns derived > from extracting surplus value from its labor force, I would agree > with Jim's suggestion that the rent in question represented an > allocation of surplus value according to Marx's reasoning.
I deliberately constructed my example that way though. Replace the word "land" with the word "bond". Buying a bond is no different than renting your land for use. When you buy a bond, you are basically renting your money for use. The interest on the bond is paid out of surplus value of course if money is lent to a corporation. But what if you lent your money to the US Treasury, which pays the interest simply by issuing more bonds (I don't take this Republican threat regarding the ceiling seriously)? Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
