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

Date: Thu Sep 30 2010 - 21:16:15 EDT

> Jerry wrote:
> > Insurance is a faux frais of production which does not by itself create
> > surplus value.
> Jerry, you are only asserting this; you are not explaining what it is about
> the insurance sector that makes it so.

Hi Paula:
What is it exactly that you want to know? Why faux frais don't create
surplus value? Faux frais don't represent variable capital. If I say
that only capital which takes the form of variable capital has the potential
to be productive of value and surplus value, will you take that also to be
an assertion which needs explanation?
In solidarity, Jerry
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Received on Thu Sep 30 21:18:22 2010

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