For Marx Geeks ...

Sun, 19 Jan 2003 11:23:43 -0800

The key is he did believe in equilibrium, and that all profit would be
competed away until it was zero.  This led to massive pressure on wages
along with intensive investment to chase ever diminishing returns.

It was a lot easier to see the world in that way 150 years ago than it
is today.

> From: [] On Behalf Of
> Long
> Sent: Thursday, January 16, 2003 1:11 PM
> To:
> Subject: Re: For Marx Geeks ...

> Well, being an optimist[0], I don't think
> that the natural rate of profit averages
> about zero, rather that it is closer to a
> small positive percentage (since we don't
> ever really equilibrate).