Earlier quoted context omitted.
Good lord, no. "Excess value" is a frankly pants-on-head stupid notion that should have died in the 19th century. It assumes businesses should operate with not only zero profit but zero margin for expenses or growth. It is beyond stupid and I find it unbelievable that there are so many followers who really should know better on several level.
Conversely, profit now is less used for expenses or growth, and redirected to stock buy-backs and shareholders. Excess value is real, measured not from the margin, or even money that goes back into the org, but value that is 100% extracted from the organization, often at the detriment of the org for the sake of shareholders. Its very often just parasitic. People are so entitled now, "nooo i need my investments double…
Say, for example, a certain bank where to listen to the Fed and invest massive piles of cash deposited after currency debasement into federal notes and bonds. If those notes where purchased when the story was interest would remain zero only to face 4-6% interest months later, the investor could well need a quick win to dig out from those now toxic assets that can't be sold at face value.