File spoon-archives/marxism-international.archive/marxism-international_1998/marxism-international.9804, message 326


From: brumback-AT-ncgate.newcollege.edu
Date: Tue, 21 Apr 1998 23:29:22 -0700
Subject: Re: M-I: LTV: Nancy's Overseas Factory


Thanks to David Stevens for his answer to the 3rd World riddle. I have
trouble understanding this now, given the Marxian of the rate of surplus
value. Under the formula, rate of surplus value = quantity of surplus value
/ wages, wages can be reduced to almost nothing, and surplus value still
will be realized. But wages cannot be reduced to nothing, period, or the
labor will have no value at all. Pretty tricky, heh?

Nancy



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