From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Thu Nov 04 2004 - 05:12:02 EST
Rakesh wrote: > Capital is not only directly destroyed, it is used up as a result of > war time activity. It is not as Jerry says factories have to be > bombed per se. War consumes capital in two ways. So, military goods are means of production which take the form of constant capital? Or, are the means of production which are used to produce military goods constant capital? ------------------ Paul C Gordon Brown has introduced new accounting procedures for the UK military that treat military equipment as fixed capital. The army and navy have to pay interest to the treasury on their ships, tanks etc. This of course does not actually make them fixed capital, but it does have a certain rationality in that it views the value tied up in arms as a deduction from the total capital stock available to the national capitalist class.
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