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[98] Geo: The implications for determining the value of the product
by the socially necessary labor-time for a capitalist
supervisor is: that if the processes required to assemble or
obtain the good are particularly time-consuming then the
value of the product will be high. But costs are high as
well. If the value of the product is high to society and
the capitalist supervisor is aware of this, then he can work
to exploit his workers to either be more efficient with
their efforts such that he can gain a higher return, or he
can require them to work longer but simply pay them lower
wages. This allows the capitalist superviser to produce the
good for less than the socially necessary labor-time but
then exchange the good according to its socially accepted
value. Thus creating personal benefit or profit. The
capitalist supervisor can do this until society becomes
aware that the necessary time to produce the good is less
than before and therefore the good has less value. There could be a
lag between the time when the capitalist exploits his/her
worker or simply increases their productivity and when the
society recognizes this change, allowing the capitalist to
benefit form the lag. It slowly pushes the capitalist into
further mass production methods so that he/she can benefit
from the lag in the time it takes him/her to exploit the
system and the time it takes society to recognize this fact.
It is a cycle. Until a good is mass produced at lower and
lower social time to the point where society is saturated or
the good is depleted. During this cycle the capitalist goal
becomes one of increasing productivity faster than society
recognizes the change in socially necessary time. |
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