Re: Do machines add value?


Michael Meeropol
 

Thank you Alan -- you said it so much better than I did.

There is an ASYMMETRY in the labor market that does NOT exist in product markets --- large numbers of consumers confront (allegedly) large numbers of producers (usual example, the small family farmers -- which of course mis-represents the oligopolistic structure of most product markets) ---BUT though there may be MANY capitalists, they have the ability to NOT BUY labor power if it isn't profitable because they have sufficient wealth producing property to live off of it -- workers have virtually no "cushion" --- (which of course is why unions need strike funds to gain some close to parity with bosses).


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