On Jun 6, 2013, at 12:00 AM, nathan tankus wrote:
It should also be noted that any claim about effects emanating from FROP should be taken with large gobs of salt since most of those claims implicitly assume the fall in the profit rate impacts profit to enterprise and not one of the other "portions of the profit under another name".
In reality, the opposite is the case. The cancerous growth of the "FIRE" sector and of "executive compensation" throughout the corporate bureaucracy show that profit of enterprise is ever *more* pressured by the tendency of aggregate surplus value to fall relatively to the aggregate surplus value objectified in fixed capital and inventories. Resulting in stagnant growth phases followed by financial crises of ever-greater intensity.
Shane Mage "All things are an equal exchange for fire and fire for all things, as goods are for gold and gold for goods." Herakleitos of Ephesos, fr, 90
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