File spoon-archives/marxism-intro.archive/marxism-intro_1997/marxism-intro.9706, message 6


Date: Mon, 2 Jun 1997 19:55:19 -0600 (MDT)
From: ferg-AT-pseud.pseud
Subject: M-INTRO: Netroms ?



I think that Marx addressed this situation with his explanation of the 
Falling Rate of Profit.  I personally have not yet fully looked into the 
ideas behind this, but the general idea is that having to do with Technology:
 Profit only comes from being able to take advantage of the surplus labor 
of the worker and so with new technologies as labor is reduced the 
overall profit of the capitalist falls.  
	The negative effects of this is that the capitalist will try 
to fight against this affect of technology in ways that we see today such 
as Just In Time Production (often used by Japanese producers), and 
layoffs when the economy is in a slump.


Ferg.



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