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Old 01-01-2019, 08:08 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,281
Labor-value,,,automation,,, consumption,,, debt

Capitalism is defined as ; taking something from nature and, adding your labor. Then trading this for something that you want. Even hunter-gatherers might trade spear points for hides,,, or whatever. The family and the clan were the original socialist units where the producers supported the non-producers to create offspring and genetic survival. Capitalism is the only system that works in the long run. Nobody works for free for those who are not direct genetic lineage.
Socialism endeavors to perpetuate a free-ride for people who are not our direct genetic lineage. Socialism has always failed because it runs counter to human nature. It has been tried over and over but fails.
Slavery works because of the lash and the whip. Wage-slavery works to transfer our labor value to the controllers. The State has locked up ALL private lands so that we can't exit the system and live a meager existence on a small plot of land. We have to keep running on the treadmill of productivity to transfer our labor-value to the rich. The State also taxes us exorbitantly to keep us on the treadmill.

The worker on the treadmill is supporting 2 groups. 1. The underachievers who have no niche in the private workplace. 2. The banker and bureaucrat who gain their sustenance by manipulating the instrument of exchange.
Redistribution to the non-employable is called socialism.
Redistribution to the banker & bureaucrat is called fascism.... sometimes, communism.
As far as the actual worker is concerned, it is theft of labor. He is held in chains by either the lash or the lawbook.

"CAPITALISTS PURCHASE labor-power on the market. In general, the wage--the price of labor-power--is, like all other commodities, determined by its cost of production, which is in turn regulated by struggles between workers and capitalists over the level of wages and benefits, and by competition between workers for jobs."
"In other words, the price of labor-power is determined by the cost of food, clothing, housing and education at a given standard of living. Marx adds that "the cost of production of...[labor-power] must include the cost of propagation, by means of which the race of workers is enabled to multiply itself, and to replace worn-out workers with new ones." So, wages must also include the cost of raising children, the next generation of workers."
That's not happning any more.

"The crucial point is that the cost of wages or labor-power depends on factors completely independent of the actual value produced by workers during the labor process. This difference is the source of "surplus value," or profit. So let's compare the price of labor-power to the value, expressed in price, of the commodities that workers creates through their labor."
"Similarly, struggles over wages and benefits are struggles over the value and price of labor-power, which is an expression of workers' standard of living. Capitalists seek to lower wages and slash benefits, decreasing the price of labor-power in order to increase the accumulation of surplus value, to maximize their profits."
Wages in America have been static for decades. The native birthrate has crashed at the same time. The southern border was left open to keep wages depressed. With the advent of containerized shipping, the jobs were simply sent to low-age producers. Any demands by workers for decent wages is met by either outsourcing or automation.
CNC robots don't demand wages or retirement. They are also self-propagating to a great extent.

"Most importantly, Marx's theory of exploitation reveals that because the source of capitalists' wealth is the unpaid labor of workers, the interests of workers and capitalists--like slave and master or serf and lord before them--are diametrically opposed and are impossible to reconcile. The two will always come into conflict since capitalists can only increase their share of the wealth at the expense of workers"
"But as long as the capitalist system exists, workers will be exploited, and their unpaid labor will remain the source of the profits that are the lifeblood of the system."

"I suggest environmentalist critiques often misunderstand Marx’s value theory as a theory that “values” workers over nature. His critical theory is better understood as an explanation of how capitalist value exploits both workers and the environment."
" Marx’s contention that nature does not contribute to value helps us explain its degradation under capitalism"

The world is not in a crisis of productivity. It is in a crisis of consumption. Since wages have stagnated, the State through, warfare and welfare has tried to maintain consumption.
"unpaid labor will remain the source of the profits that are the lifeblood of the system"
OK, how much are we talking about? Take a look at this graph.
THIS is the source of wealth transfer to the rich. The unpaid labor of automatic machines. Energy figures very high on this list.
We lost out to automated machines and consequently, cut back on consumption and procreation. Our wages just did not cover the cost of creating replacement workers who have no job prospects.

The finance sector of the economy has created a bubble that is multiples of the GDP. The human-machine partnership wiped out human reproduction in Japan decades ago. The fertility rate in China is only 1.6. 25% below replacement. Runaway automation will ensure that consumption by humans will continue to drop. The current financial bubble is an effort to counter the effects of a drop in consumption.

Many writers have speculated what the financial landscape will look like AFTER the crash. What could possibly bring a renewal of the birth rate?,,,consumption?,,,debt money?,,, credit?
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