The Proletarianization of Palestinians in Israel (ص 511)
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- The Proletarianization of Palestinians in Israel (ص 511)
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512
plus value created by other segments of the same class.
The rate of exploitation is an appropriate criterion for ranking pro-
ductive capital because this criterion represents the essential relation
between capital and wage-labor. By this criterion, the main capital sec-
tors rank as illustrated by Scale 5.
Scale 5. Capital Hierarchy by Rate of Exploitation
Lowest
1 Foreign Capital
2 Co-operative Capital .
(kibbutz and Histadrut)
3 State-subsidized Local
Private Capital
4 Local Private Capital
Highest
In order to comprehend why these sources of capital rank in this way
it is necessary to clarify two things: (1) profit/wage determination in
theory: profit and wage stand in inverse proportion to each other. The
share of profit increases in the same proportion in which the share of la-
bor falls, and vice versa. Wages are not the share of the worker in the
commodities produced by him. They are rather that part of already existing
commodities with which the capitalist buys a certain amount of productive - Date
- 1978
- Creator
- Najwa Hanna Makhoul
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