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theory
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Reading about how money capital and the ability to extract interest without needing to perform the function of an industrial capitalist eventually leads to their conversion into managers was kinda interesting. So is the end state of Capitalism a single money capitalist paying companies to hire managers for businesses he has nothing to do with? It's weird to see the industrialist disposed of so late in the game.
Reading about how money capital and the ability to extract interest without needing to perform the function of an industrial capitalist eventually leads to their conversion into managers was kinda interesting. So is the end state of Capitalism a single money capitalist paying companies to hire managers for businesses he has nothing to do with?
You've heard of primitive accumulation, fowks, now introducing modern accumulation (deriving from proper capitalist competition, so to speak)
After every crisis there are enough ex-manufacturers in the English factory districts who will supervise, for low wages, what were formerly their own factories in the capacity of managers of the new owners, who are frequently their creditors.
We get hints about “small business tyrants” in this chapter too!
We do? Bliat, this is going to be a helluva time!
I’m caught up fuckers let’s fucking talk about interest.
Nice