Sold output yields more money than inputs, becoming wages and rents
Evidence
Once commodity output is sold, the firms (courtesy of the surplus value generated during the production process) end up with more money than they started this cycle with. These monies then turn into incomes (wages, taxes and the different types of rents – see 2.2). — Yanis Varoufakis, Technofeudalism, 811
Categorization
- DEFINE: Positions rent as a category of income produced within the capitalist circulation cycle — essential to his later claim that platform rent is not a separate economy but a capture of this flow.
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 811
- XREF: connects to: Market competition erodes profits but increases rents. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 468; Profit is what revenue remains after wages, rents, interest, and fees. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 806; Profit only arises because workers produce more value than they are paid. — Clara E. Mattei, Escape from Capitalism: An Intervention, 103 (+5 more)
Broader Connections
- Ownership asymmetry forces non-owners to sell labour and yield surplus value
#corroborates(0.95) — Yanis Varoufakis, Technofeudalism, 793 - Profit only arises because workers produce more value than they are paid.
#exemplifies(0.92) — Clara E. Mattei, Escape from Capitalism, 103 - Growth rests on workers selling labor for less than the value they create
#expands(0.88) — Clara E. Mattei, Escape from Capitalism, 95 - Profit comes from surplus value workers generate
#expands(0.85) — Clara E. Mattei, Escape from Capitalism, 103 - Society, through the division of labour, produces more than the sum of its parts.
#exemplifies(0.75) - Capital accumulation lowers profit rates unless exploitation intensifies via labour rationalisation
#expands(0.72)