A couple of thoughts. 1. Value production is unobservable. What we see are prices.
2. The prices are strongly affected by power/social relationships. When I was young, most professional athletes had to take on jobs during the off-season. College presidents were paid little more than professors. We all know about the corporate president/hourly worker salary differentials. 3. From the very beginning of the coffee fad, powerful nations moved coffee plants around to lower its price. What happened in Vietnam was old hat. Even Darwin was involved in such genetic theft. 4. Low paid Rawandan farm workers get screwed just like the farm workers in this country. Labor is moved around in order to get maximimum advantage. 6. Human capital explanations seem to have no validity. On Fri, Jun 14, 2002 at 02:57:22PM -0400, Doug Henwood wrote: > > What happened to the Rwandan coffee growers sucks. But it hardly > demonstrates that the center of global accumulation isn't in the > First World, which is where most value production happens, it seems > to me. Can you find some other examples that prove the contrary? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
