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Re: Rcee: [jox] A response to Michel and Jakob

Hi Hans-Great,

If you want to Learn about Marx theory of rent you need to read Part Six
of the Thiird Volume of Capital (chapters 37-47, pp. 751-950, the
english translation, Penguin Edition) organised under the title: "The
Transformation of Surplus Value into Ground Rent". Marx ascribed the
trinity formula to economists he criticised. However, he did not meant
to deny the existence of rent but argued that the origin of rent was
surplus value that was produced by wage labor which was exchanged with
All the best

Hans-Gert Gräbe 03/24/12 2:10 PM >>> 
Hi Michel and Jakob, 

why do you think that it is difficult to explain the facebook business 
model in the very old terms of "investment" and "return on investment" 
in a dynamically (!) changing new technological field? 

The more, since such a story telling was not a problem for, e.g. Tim 
O'Reilly, already 7 years ago 

The more, since at least beginning with the hype about diaspora it is very clear that the facbook "cloud 
computing model" will not be the last technological word - see, e.g. 

Jakob, what do you mean if you write "rent"? In Marx' notation it is 
part of the Trinity formula and clearly 
leaves the frame of a _labour_ value theory due to a certain phenomenon 
that he (I think, temporarily - note the editional history of vol 3 of 
the Capital) could not describe in those terms. This doesn't mean that 
it is impossible. 


Am 23.03.2012 12:38, schrieb Jakob Rigi: 
Now, I think that the claim that Facebook is selling attention to 
advertisers is categorically mistaken. No. Facebook is letting pieces
virtual space to advertisers and receive rent for it. The law of rent
the same in virtual and physical spaces. The more attractive a space, 
for whatever reasons, is, the amount of rent is higher. Who does pay
rent? Advertisers. From where do the advertisers get the money that
pay as rent to fcaeebook? That money is part of the surplus value that

they extract from wage labor which is exchanged with capital.Bauwens? 
and Beller?s mistake may stem from the fact that there is a direct 
relation between the number of clicks by users and the amount of rent 
that facebook extracts.... 


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