what's the point on "autonomy"?
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Replying to @cyborg_nomade @EBBerger and
Maravone Retweeted ɹʞɔɟɯ 🥩 🏴
Its slightly inferred on Kantbots text. I've also talked about it before. But really, its just this:https://twitter.com/mfckr_/status/922746459467993088 …
Maravone added,
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basically, screw Say's Law?
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Replying to @cyborg_nomade @EBBerger and
the classical interpretation of Say's Law is pretty much bullshit, so yeah, screw the original statement of Say's Law. There's some later reinterpretations that are valid, but they certainly arent applicable in here.
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Replying to @Marav0ne @cyborg_nomade and
Not sure how Say's Law establishes the autonomy of capital tbqh
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Replying to @_Vimothy_ @Marav0ne and
it just undermines the thesis that markets are commanded by consumption, and establishes the primacy of production. it's the internal logic of capitalist enterprises (increasing productive apparatus) that establishes capital autonomy.
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Replying to @cyborg_nomade @Marav0ne and
How does it establish the primacy of production?
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Replying to @_Vimothy_ @Marav0ne and
you have to produce something before being able to consume, hence supply yields its own demand.
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Replying to @cyborg_nomade @Marav0ne and
Your conclusion doesn't exactly follow from your premise.
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Replying to @_Vimothy_ @cyborg_nomade and
And why produce something for which no demand exists? U might also say (just as accurately) demand creates its own supply. the problem with both statements is that the flow of income in the economy is circular. there's no time zero from which the whole of economic activity begins
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...with either an initial act of consumption or production. there is simply, for the aggregate economy, total expenditure == total income. all other bets are off
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