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. ^^^^ CB: Maybe a "state-capitalism under capitalism" theory could get at this. Under today's capitalism, not surprisingly, the state is , well, state-capitalist. Not only does the state participate complexly in surpluses through collection of taxes from the working class and bourgeoisie, but the government workers produce service commodities. Would have to take a position on the productive/non-productive labor debate that minimizes the distinction between the two types of labor. Also, many government workers do produce material use-values, both goods and services. Public water, sewage, gas, road repair, public lighting are material use-values produced by public workers.
