My Thoughts on: Marxism, Living Under American Capitalism, Marxian Philosophy, Baseball, Economics, Alcohol, and any other topic I feel like writing about.
06 February 2012
GM Profits
Are enormous again. Over 8 Billion dollars for 2011.
I wonder what has happened to their rate of exploitation at the point of production. Wait no I don't... It has gone through the roof. Read between the lines of a statement like "shed billions of dollars of cost" in any bourgeois article like this one:
http://online.wsj.com/article/SB10001424052970204136404577204982933314566.html
What happens when S increases and V falls? S/V increases dramatically. If the American worker is willing to be exploited at higher and higher rates, giving up the benefits their predecessors obtained there just might be hope for the survival of productive capitalism in this country.
Is that a good thing? While that all depends....
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