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this post was submitted on 08 Sep 2024
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askchapo
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Yes, that's true. The calculation includes real estate "value", or rather prices, which are highly distorted and far removed from value based on labor power. But what would a more Marxist analysis look like and what would it's likely outcome be? Complicated concepts like absolute and differential ground rent from Capital volume three get involved, if you really want to do it thoroughly.
Yes, for real value, quantitative studies might be impossible.
Rent just means income without work or exchange. If you want to account for real estate, you can't wave rent or ground rent in the Marxist sense, because expected rent during depreciation plays a part in determining the price for things like land, which don't have an inherent value, because no labor is used to produce them.
I was manly interest in the impact on revolutionary potential in the core.
Edit: Oh, sorry, you meant the premise of revolutions, hence no more rent. Yes, of course.
Like, how would the numbers on the map I linked change, if real estate weren't included in the calculation?