The State of the US and Chinese Economies
David Harvey's Anti-Capitalist Chronicles - A podcast by Democracy at Work - David Harvey
Prof. Harvey continues his discussion of rate and mass of surplus value. He argues that the emergence of the Equalization of the Rate of Profit (ERP) in the 1980s has been responsible for the transfer of value from labor-intensive to capital-intensive modes of production. Knowledge has become a valuable commodity that can be bought and sold in the market.
