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Sorry I've been quiet lately. Still here and still trucking, just got life stuff going on.
And not gonna lie. I'm just not getting much more insight beyond surface level for this ground rent stuff.
I'm not much either and Marx's examples just confuse me more. I did try to read this to see if I was missing anything https://themarxistproject.medium.com/marxs-theory-of-ground-rent-9495bcb93198
and this just seems to be the important part from that article?
The important takeaway in Marx’s theory of ground rent is that rent exists in economic margins. Rent is effectively a claim on the extra portion of surplus value produced by enterprises that are less productive than the social average. This claim is based on exclusive ownership of land or resources. As you might imagine, rents are not strictly limited to land or physical resources.
Finally, I somewhat understand (thanks for the article)
Differential rent I is rent based on the yield differences between lands of varying fertility, with equal investments of capital.
Differential rent II is rent based on different levels of capital investment across the same type of land (in terms of fertility).
Is this really how modern agriculture works though? Since the green revolution crops, yields have done a pretty good job of keeping up with population. And because of the Haber process, we’re really only bumping up against phosphorous as a limited nutrient for high yields.
Toward the beginning of chapter 40, I think Marx is getting to the scenario that caused the dust bowl. Successive investments of capital on a soil of declining productivity eventually will reach a point where the sale price of the crop won’t cover the rent on the crop land.
Hmm... ok
theory
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