>>2574202>rising productivity coupled with class struggleit depends on how you define productivity. i would say that the classical revenue of rents is taken up by a large proportion of the cost of living (i.e. bills, taxes) while net wages derived from industry still maintain a higher purchasing power (thus lowering value). the point on class struggle has relevance, since the law of value has been suspended here by state regulation (monopoly) rather than competition or productivity. the marginal product is surely measured by the rate of employment however, but who knows what the rate of profit would be without subsidies?
>keeping the wage rate near 50%can you explain this point?
>Capital is compelled to investisnt it more that the state invests in capital?
i'll check out the book in the meantime.