Re: My Take on Competition

[Doug Henwood]

Michael Perelman wrote:

>Jim also mentioned that wages are falling relative to labor
>productivity.  I associate this trend with intellectual property as
>well.  Labor productivity increases with the ability to mark goods up --
>Nike shoes are an excellent example, but the same holds for Microsoft
>software.

Any sense of how representative these sorts of goods are? I'd guess 
that gains from IP are merely redistributions of SV - it can't 
explain an increase in the profit rate in the macroecomy. Nike's gain 
is some other capitalist's loss, no?

Doug