CB: On Marxists having a theory of job creation, there's variable capital and constant capital. Variable capital is "jobs". For Marxists, the capitalists wouldn't have a stitch of profit if they didn't create jobs, because labor is the source of all exchange-value, and surplus-value is exchange-value. Isn't this an outline Marxist theory of job creation ? Capitalists create jobs, wage-labor, because they are the source of all their profits.
GK: in addition to that, the state sector creates jobs too, even in capitalist economies for example, 25 percent of all jobs in some country may be government or government-financed jobs. Plus, add jobs in the not-for-profit sector (possibly, another 10 percent?). There, the relationship between profits and jobs gets more complicated. _________________________________________________________________ Your Space. Your Friends. Your Stories. Share your world with Windows Live Spaces. http://spaces.live.com/?mkt=en-ca
