From: Malcolm Dunnachie Thompson <malcolmt-AT-sfu.ca>
Subject: wealth
Date: Thu, 30 May 1996 13:08:26 -0700 (PDT)


Wealth is created by the extraction of surplus value (exploitation). Marx 
is absolutely right on this point. And I see no contradiction between 
this claim and anything Foucault says. The "rate" or "intensity" of 
exploitation may fluctuate, but insofar as the capitalist acquires a 
profit, the worker is exploited (i.e. she has created more value with her 
labour than she has received in wages). Now, of course, this does not 
encompass or even define the field of power relations, but this does not 
make it any less the case.

malcolm