Capitalism; Imperialism; Saving and investment; Socialism
Yet the figures we have quoted fail to show a quicker accumulation in
Department II, and in fact show it to fluctuate. Here the principle
seems to be as follows: Marx enables accumulation to continue by
broadening the basis of production in Department I. Accumulation in
Department II appears only as a condition and consequence of
accumulation in Department I: absorbing, in the first place, the other's
surplus means of production and supplying it, secondly, with the
necessary surplus of consumer goods for its additional labour.
Department I retains the initiative all the time, Department II being
merely a passive follower. Thus the capitalists of Department II are
only allowed to accumulate just as much as, and are made to consume no
less than, is needed for the accumulation of Department I. While in
Department I half the surplus value is capitalised every time, and the
other half consumed, so that there is an orderly expansion both of
production and of personal consumption by the capitalists, the twofold
process in Department II takes the following erratic course:
1st year: 150 are capitalised, 600 consumed
2nd 240 660
3rd 254 626
4th 290 678
5th 320 745
Here there is no rule in evidence for accumulation and consumption to
follow; both are wholly subservient to the requirements of accumulation
in Department I.
Needless to say, the absolute figures of the diagram are arbitrary in
every equation, but that does not detract from their scientific value.
It is the _quantitative ratios_ which are relevant, since they are
supposed to express strictly determinate relationships. Those precise
logical rules that lay down the relations of accumulation in Department
I, seem to have been gained at the cost of any kind of principle in
construing these relations for Department II; and this circumstance
calls for a revision of the immanent connections revealed by the
analysis.
It might, however, be permissible to assume the defect to lie in a
rather unhappy choice of example. Marx himself, dissatisfied with the
diagram quoted above, proceeded forthwith to give a second example in
order to elucidate the movements of accumulation, where the figures of
the equation run in the following order:
I. _5,000c + 1,000v + 1,000s = 7,000_
II. _1,430c + 285v + 285s = 2,000_
-----
Total: 9,000
Public-domain text, read in full here on John Shaqi.
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