Re: [OPE] Heinz Dieterich's General Program for Transition Towards XXICentury Socialism in Latin America

From: Gerald Levy <>
Date: Wed Oct 22 2008 - 02:34:08 EDT

Hi Jurriaan:

*Every day there are hundreds of millions of workers who are "cheated"
BY THE MARKET* - in the following sense. Wage workers enter into an
agreement with employers (capitalists and the state) to be paid a certain
wage. They (generally) receive that wage (in *nominal* terms) but the
purchasing power of their wages declines when the average price of goods
on *markets* increases (inflation). Over time, they might (or might not be)
successful in regaining their purchasing power "stolen" from them by the
*market* if they succeed in re-negotiating wages (so that the value of labour
power returns to its former state ... or, perhaps, increases). Hence, in the
short-term, inflation (the market) cheats workers but over the longer-term
the VLP might remain stable or even increase.

In solidarity, Jerry

> I think Dieterich's "labour-token" scheme is going to fail. The general hostility
> to markets and prices is unwarranted. The way they're going, they'll never reduce
> price inflation. I don't want to have anything to do with input cheats.

ope mailing list
Received on Wed Oct 22 02:36:11 2008

This archive was generated by hypermail 2.1.8 : Wed Dec 03 2008 - 15:12:03 EST