Saturday, December 1, 2018
Point of production v point of extraction in exploitation process
The two points neednt ever coincide at all
The capitalist production system tends
To equalize product level profits
Thru market forces dynamic impact
on firm level product
Mark up realizations
This is by no means a simple reflection
Of the exploitation of the direct labor inputed into that product at that stage by that firm alone .....
Market mediated competion for jobs
may optimally equalize wages for
Certain tasks across firms
But this only equalizes that tasks rate of exploitation without determining the exact rate of that exploitation or it's points of extraction in the whole system of production and circulation