On Wed, Feb 26, 2025 at 02:02 PM, Tom Walker wrote: > > What contradiction is that you may wonder? The tendency of capital, "on > the one side, to create disposable time, on the other, to convert it into > surplus labour." If capital succeeds "too well" it becomes unable to > realize the surplus value created and "necessary labour is interrupted" -- > that is to say, unemployment.
Marx wrote (too) that "All economy is the economy of time." ---but not all economy of time is the economy of value where wealth is measured in the purchase, expropriation of the time belonging to others-- a system where wealth is accumulated as a private property through the theft, loss, immiseration of social time. This not only gives us overproduction as a crisis, a breakdown in accumulation, it also exposes overproduction as the default condition of capital relations--a congenital condition with chronic and acute manifestations. The organic composition of capital, rate of profit, obstacles to accumulation, and productivity of labor are all linked by the time of reproduction of the capital, the is to say the wage, relation -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#35510): https://groups.io/g/marxmail/message/35510 Mute This Topic: https://groups.io/mt/111387198/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: marxmail+ow...@groups.io Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [arch...@mail-archive.com] -=-=-=-=-=-=-=-=-=-=-=-
