Minimum Security by Stephanie McMillan

Minimum Security

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  1. BenderSastre

    BenderSastre said, almost 4 years ago

    Forgive me, not a business major. “Surplus Value”?

  2. Stephanie  McMillan

    Stephanie McMillan GoComics PRO Member said, almost 4 years ago

    The surplus value, or profit, created in production is locked inside the commodity until the moment of consumption.

    When you plunk your dollars down to buy the hair dryer or the box of frozen waffles, the capitalist’s goal is realized.

  3. Stephanie  McMillan

    Stephanie McMillan GoComics PRO Member said, almost 4 years ago


    From a previous comment…
    Surplus value: The social process of capital production, which manifests as the theft of labor power (exploitation) during the conversion of nature (extraction of raw materials) into commodities. Surplus value is the essence and purpose of capitalism.

    Surplus value is the portion of exchange value of commodities that is appropriated by the capitalist after underpaying for the labor power it took to make them, plus paying fixed costs such as machinery and inputs. For example, if a worker is paid $2 to produce t-shirts that are sold for $100, and fixed costs associated with their production are $8, then the surplus value is $90.
    Capitalists can pay less than labor power is worth because of their private ownership and control over the means of production. They pay less for the raw materials than they are worth, or steal them outright, by conquering and dominating land and other resources (called “primitive accumulation”).

    Capital: Re-invested surplus value.
    Profit: The revenue left after input costs. It can be the material manifestation of surplus value, or it can be the result of the circulation of capital (for example, through selling services or making unequal trades, buying low and selling high).

    Surplus value and profit are not identical. Surplus value can only be generated through commodity production. Profit can be generated in other ways that do not involve commodity production or surplus value. Capitalism rests on surplus value; other forms of profit are considered false or toxic value.

  4. A_Dream4u

    A_Dream4u said, almost 4 years ago

    Hmmm, sounds like manifest Destiny in a new form!

  5. timrinaldo

    timrinaldo said, almost 4 years ago

    So, I guess the purchaser is forced to buy the item, and receives no benefit from it? C’mon, she wanted the hair dryer more than she wanted the $20 it cost her. Likewise, the business person wants the $20 more than he wanted the dryer. It’s a win-win, and the means by which tremendous increases in standard of loving, health and well being have been spread throughout the world. Sure, there are greedy capitalists and worse, crony capitalists, but in capitalist economies, customers have a myriad of choices. it’s a dynamic system, producing more mutual good than any other system yet devised. However, as I predict, it’s all about to end in a radical paradigm shift driven by hyper xponentiating technology..

  6. timrinaldo

    timrinaldo said, almost 4 years ago

    standard of living And exponentiating

  7. win

    win said, almost 4 years ago

    Just shoot me.

  8. starfighter441

    starfighter441 said, almost 4 years ago

    Oh please not the P word. The utter horror that something is sold at more than cost…

  9. starfighter441

    starfighter441 said, almost 4 years ago

    100%? just a wild guess…

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