Re: Primitive accumulation - Harvey on Marx
On Dec 10, 2006, at 3:35 PM, Nicholas Ruiz III wrote:
Another example of the unfettered state of Capital: pick an equity
ticker; short one thousand shares. Let’s say it goes down one dollar on no
news or incident (this happens everyday). Cover (buy back) your shares.
You just increased your monetary Capital by $1K.
And someone else lost $1K. Perhaps not literally a literal someone,
but a conceptual someone. The size of the proverbial pie hasn’t
changed, just its division.
Doug