Profit is what revenue remains after wages, rents, interest, and fees.

Evidence

Profit is the portion of the revenue capitalists retain after they have paid wages to workers, ground rent to landlords, interest and financial rent to financiers plus fees to professionals (e.g. marketers, advertisers), helping them build up brand rents. — Yanis Varoufakis, Technofeudalism, 806

Categorization

  • DEFINE: Establishes the classical definition of profit against which the book’s platform-rent thesis will contrast.
  • corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 806
  • XREF: connects to: Profit comes from surplus value workers generate — Clara E. Mattei, Escape from Capitalism, 103; Sold output yields more money than inputs, becoming wages and rents — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 811; Capitalist profit arises even when all goods exchange at fair value — Clara E. Mattei, Escape from Capitalism, 97

Broader Connections