Money Matters (2001)

by Taylor Phillips
11th May 2001

1. Money is smuggled through virtual tax-free zones, and government losses are the capitalist’s gains. There is ever-increasing competition within the hidden labour markets, and this causes the price of that labour to fall.

2. Combined with the elimination of taxes, this equation of profit (profit equals selling prices minus production cost) leads to increasing competition within the capitalist market, that is the market of entrepeneurship.

3. The embourgeoisment of entrepeneurship tends to equalisation vis à vis the tertiary and digital markets.

4. At the point of equalisation, either a) no exploitation of labour exists, or b) capitalist and worker are equally exploiting and exploited, such as to make these terms practically redundant.

5. Any political economy of the new markets should assume workers who occupy a single position as producer and consumer.

6. For the producer-consumer, profit is identical to the benefit/cost ratio: price minus cost (of production) equals cost (of production) minus benefit. This can be reworked as:

2 x cost = price + benefit

Thus cost =
(price + benefit)

7. From this we can also deduce that the price of any good will be (2 x cost) minus benefit; the benefit from any good will be (2 x cost) minus price.

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