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Old 02-13-2009, 08:22 AM   #129 (permalink)
Baraka_Guru
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Quote:
Originally Posted by roachboy View Post
all this follows from the founding assumptions behind neoliberalism:
capital creates wealth
labor only enters the equation as a variable cost

so capital accumulation in the aggregate is all that matters.
Even Adam Smith recognized the necessary role of labour in generating wealth. This, before capitalism was even a word.
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