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. --- from list marxism-intro-AT-lists.village.virginia.edu ---
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