Re: [OPE] "lies, damned lies, and underconsumptionist statistics"

Date: Wed Sep 29 2010 - 20:39:08 EDT

> Jerry wrote:
> > Many 'non-traditional' arguments get 'confused' when one conflates all
> > service sectors regardless of their social form and their differing
> > relation to value and surplus value.
> Let's consider a classical example, insurance. What is the 'social form' and
> 'relation to value and surplus value' that make this sector unproductive?
Hi Paula:
Insurance is a faux frais of production which does not by itself create
surplus value. Rather, capitalists in the insurance sector receive a portion
of the surplus value produced elsewhere in the economy, i.e. it
represents a transfer of s among capitalists rather than the creation of
surplus value per se. In this sense, it has more in common with rent-collecting
sectors than sectors in which there is the production of s.
In solidarity, Jerry
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Received on Wed Sep 29 20:40:38 2010

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