The contradiction between social production and capitalistic
appropriation naturally appears in the contrast between the human beings
concerned in it. For the appropriators form the _bourgeoisie_, and the
social workers constitute the proletariat, the two historic classes of
the new era. Another conspicuous and important result is that, while we
have this organisation in the factory, we have outside of it all the
anarchy of competition. We have the capitalistic appropriators of the
product of labour contending for the possession of the market, without
systematic regard to the supply required by that market—each one
filling the market only as dictated by his own interest, and trying to
outdo his rivals by all the methods of adulteration, bribery, and
intrigue; an economic war hurtful to the best interests of society. With
the development of the capitalistic system machinery is more and more
perfected, for to neglect improvement is to succumb in the struggle; the
improved machinery renders labour superfluous, which is accordingly
thrown idle and exposed to starvation; and this is entirely satisfactory
to the capitalist class, whose interest it is to have a reserve army of
labourers disposable for the times when industry is specially active,
but cast out on the streets through the crash that must necessarily
follow.
But as the technique improves the productive power of industry
increases, and continually tends more and more to surpass the available
needs of the market, wide as it is. This is all the more inevitable,
because the consumption of the masses of the population is reduced to
the minimum requisite merely to maintain them in life. It is another
contradiction of the capitalistic system that on the one hand its
inherent laws tend to restrict the market which on the other hand it is
ready by all means fair and foul to extend. The consequence is, that the
market tends to be overstocked even to absolute repletion; goods will
not sell, and a commercial crisis is established, in which we have the
remarkable phenomenon of widespread panic, misery, and starvation
resulting from a superabundance of wealth—a “crise pléthorique,” as
Fourier called it, a crisis due to a plethora of wealth.
Public-domain text, read in full here on John Shaqi.
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