Journal article

Technical changes and the rate of profit in the Canadian textile, knitting, and clothing industries

M Webber, S Tonkin

Environment & Planning A | Published : 1988

Abstract

In this paper the histories of profitability and accumulation in the textile, knitting, and clothing industries of Canada are examined, over the period 1952-81. These histories are quite different from those of other industries and of Canadian manufacturing as a whole. In the clothing industry, capitalists have relied upon increasing rates of exploitation to maintain their high rates of profit, and there has been only limited technical change; in the textile industry, the technical composition of capital has risen, and its negative effects on profitability have been offset by changes in the turnover time and the rate of exploitation; the knitting industry lies between these two extremes. -Au..

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University of Melbourne Researchers

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