[OPE-L:1793] Re: Accumulation of capital in Ch. 24, V1

chaion lee (conlee@chonnam.chonnam.ac.kr)
Mon, 15 Apr 1996 00:00:33 -0700

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Paul Z. wrote:
But the primitive
acc. question is the chicken and egg question of which came first
(separation or surplus value production).

So, it is still going on. We should not preclude such an accumulation in defining the accumulation of capital. The primitive accumulation also include the elements of the violence, the intervention of the state, bloody legislation, etc.
In Korea, we had a legalized maximum wage rate upto 1988. You are illegal to pay more wage rates over and above the maximum limit, which is determined every year by the government. It was discarded after 1988.