Re: [OPE-L] workers' consumption and capitalists' consumption

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Fri Jun 16 2006 - 16:01:14 EDT

>I'm not exactly sure what you mean, but I look at it this way. Profit
>on capital is not technically necessary to produce the net output. But
>the presence of profit on capital is socially necessary in capitalism.

Yes but how much?
All that is needed is enough to make the rate of bankruptcies
no more than the rate of firm startups. Why should this be
modeled by a particular R?

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