Date: Mon, 2 Jun 1997 12:22:40 -0500
From: Doug Henwood <dhenwood-AT-panix.com>
Subject: Re: M-TH: The Illusion of State Socialism


Doug Henwood wrote:

>Gerald Levy wrote:
>
>>Doug Henwood wrote:
>>
>>> If advertising increases the propensity to consume, especially out of
>>> borrowed funds, then doesn't this result in an increase in the pace of
>>> exploitation and the mass, if not the rate, of profit?
>>
>>Costs associated purely with the realization of surplus value represent a
>>deduction from surplus value and profits, in Marx's theory.
>
>You're responding to something I didn't say. Let me try it once more: if
>advertising increases exploitation and the mass of profit (if not the
>rate), can those expenditures be described as merely a cost of realization?

Oh right, I forgot to ask. Since you didn't answer my question on what
insights value theory has provided to explain the course of capitalism over
the last 50-100 years that bourgeois stats haven't, I'll assume that you
can't come up with an example.


Doug

--

Doug Henwood
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