"Jonathan Nitzan" <[email protected]> wrote: > Can Pensions Afford Recovery? > by Leo Kolivakis > Pension Pulse, November 4, 2013.
> ABSTRACT: Are pension funds held hostage to the conflictual power logic > of capitalism and therefore contributing to increasing inequality > instead of reducing it? An exchange with Jonathan Nitzan. > FULL TEXT:http://bnarchives.yorku.ca/384/ Power logic isn't quantifiable or definable, AFIK. So I think that it is the wrong approach to analyzing economic issues. If one wants to reduce inequality, one has to reduce the proportion of surplus value workers are giving up. Some inequality in pay can be useful to maximize the productivity of the work force. Surplus value going to private capital is risky, but how should the use of that surplus value be decided? -- Ron
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