The fallacy of capitalism is unlimited growth in the markets!
Prepped notes from a Socialism Conference at Metropolitan Community College!
Re: King County, Seattle Foreclosed Real Estate
Flow of capital between industries
Credit economic shift
Bailout
Definitions
S equals surplus value
V equals variable
C equals constant capital
S/V equals rate of surplus value S/V equals one
C/V equalsorganic composition
S/ ( C + V ) equals rate of profit
S equals stolen value
Capital flows to highest paid profit
Labor power is useful if it creates surplus value
Capitalist takes value it stole to accumulate more value.
Lives to reinvest
Realizing profits
Unlimited growth in the market
Socialism Mali Geri buck passing and alcoholism
Alienation
Markov chain question
Flow problem
More commodities are cheapen more to workers for sustainable life
World wide markets are finite
Higher more factories
Lower return high volume
Increase of mass surplus value
Sell every thing they produce
Falling rates of profits
Damned if they do
Damned if they don’t
1960 1996 profit rates are going down
Bruce over 4 weeks
Odell’s
Losing ground
All taxes come from surplus value
Totally obscene abstracted from working people
Working people should not be taxed anyway
Working class taking power
Surplus value comes from unpaid labor
Boom and Bust
The setup
Fight declining rate of profit production explodes
Capitalism produces and ananymous market
End becomes and nd in itself the Crash
Sulphate over shadows demand.
Credit is expanded
Credit the gap goes wider
Smaller capitalist lose
Fallen prices and profits
Efficient enterprises
Machines are Capital they are depreciating
The Recovery
A demand for more machine
2 buck chuck
Observation crises took the form of scarcity famine war
Capitalism too much
Production to realize profit not human needs
2008 depression every 5- 10 years
Monopolies
J.
Expense of the Negros
If fish are eatin the little
265 1909
4 today
Chrysler, Ford Tesla GM
Cartel rent
Value abstracted without producing value
Price are fixed
Cartel rent fixed prices
Most efficient make more profits than the least
equals cartel rent Boeing
21 automation will lower the cost of production
Charge the same price only their cost of production is lower
Cartel rent
Cartel rent is part of profit
Different sources
Three locomotive firms
Pay half the value they produce
Two kinds of profit
1/2 what they are charging
Indirect profit from inflated prices!
Drug cartels
Inefficiency
Shark if you don’t move forward you die
Oil Cartel ExampleBig companies 7 lowest cost fixed a common price
Least productive of their members
Cigarette 97 percent of the market
Contradictions of monopolies
Raised the cigarette market by 10%
New firms sold cigarettes for less and captured 10% of the market
Sugar was an extreme luxury
Monopolies become regressive a decline in the rate of profit
Limiting production to maintain relative scarcity of goods
Super profits they can’t invest in their own industry more automation
Impels the only they are to survive as capitalist
Sinclair Oil bought Sun River Resorts in 8daho
And Increased incentive for wor.
Grand America Hotels
Incentives monopoly
governments are class pawns
Other companies in other companies lead to increased competition
Money, inflation and finance
Universal equivalent cattle, Silver, what , rice, dates
Generalized equivalent
Physical things precious things
Value was dtertmibed by the labor theory of value
Coins have a limiting value
Iron bulky
Currency is a symbol for money
Commodities by velocity of circulation
Inflation symbol inflation can result
Credit or more electronic money
Money increased but nothing useful then inflation increases
Are wage increased inflationary Yes politicians
If the capitalist take a cut
Yes if the capitalist,it’s don’t take a cut
It depends on the class struggle
Inflation the value of a different currency is reduced.
Gold Standard
How would monopolies
Investment in their own industries to invest in their own industries
Machines.
