Re: [OPE-L] accumulation of capital and the working class - actual non existence of variable capital

From: Jerry Levy (jerry_levy@VERIZON.NET)
Date: Fri Jan 11 2008 - 09:18:11 EST

u is a cost of
production, but one unlike v (because it doesn't produce
value) and also unlike c (because it represents expenditures
for labor rather than means of production).

Also, unlike c, there is *not a transference of value from
u to the commodity product*.

One could argue, I suppose, that u is not 'necessary' for
capitalist reproduction but there are problems with that
conception.  Like faux frais, most of what constitutes u
becomes a  customary, standard, and expected cost of production.
If one views the matter as what is necessary from the
standpoint of firms remaining competitive, then (at
least most of) u is necessary - even if (by definition)
it doesn't create value.

In solidarity, Jerry

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