Abstract
In this article we open discussion of a very important question for workers, especially in developing countries: Why is capitalism unable to absorb all the exploitable labor force? There is a serious precarization of labor going on all around the world, but it is much worse in underdeveloped countries. How does importing means of production affect the composition of capital in underdeveloped countries and worsen the problem of precarization? An account is examined based on value theory and such composition is estimated in the case that means of production are imported.
Highlights
In this article we open discussion of a very important question for workers, especially in developing countries: Why is capitalism unable to absorb all the exploitable labor force? There is a serious precarization of labor going on all around the world, but it is much worse in developing countries
Contrary to the ideological vision that Marxist theory in general and value theory in particular are not useful in analyzing economic reality, we have applied a version of the latter to understand a central problem of contemporary capitalism: the weakness to exploit all the labor force available
We have shown that a possible explanation as to why capitalism has difficulties in extending its exploitation is that history cannot be repeated
Summary
In this article we open discussion of a very important question for workers, especially in developing countries: Why is capitalism unable to absorb all the exploitable labor force? There is a serious precarization of labor going on all around the world, but it is much worse in developing countries. In this article we open discussion of a very important question for workers, especially in developing countries: Why is capitalism unable to absorb all the exploitable labor force? We illustrate that explanation to show that if in monetary terms it is the same to exploit a worker in two countries with different productivity, the cost of such exploitation is very different in terms of labor value.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
