Carrol Cox wrote: >I don't see what points (yours or anyone else's) are or are not being >"proved."
It's widely believed that foreign investment is largely about chasing low wages. But most FDI is targeted at high-income countries. It's also widely believed that imperial investment is the source of superprofits that power the whole system; that doesn't seem to be borne out by the data either. Following up on Michael Yates's point - of course it's useful to compare profitability at engine plants, etc. But given the fungibility and mobility of capital, it makes plenty of sense to talk about economywide rates of profit too. People seem to think that if you assert A it somehow rules out an interest in B, C, and D. It doesn't. Doug
