Capitalism; Imperialism; Saving and investment; Socialism
I. _5,417c + 1,083v + 1,083s = 7,583_
II. _1,583c + 316v + 316s = 2,215_
-----
Total: 9,798
If the same ratio is maintained in the continuance of accumulation, the
result at the end of the second year is as follows:
I. _5,869c + 1,173v + 1,173s = 8,215_
II. _1,715c + 342v + 342s = 2,399_
------
Total: 10,614
And at the end of the third year:
I. _6,358c + 1,271v + 1,271s = 8,900_
II. _1,858c + 371v + 371s = 2,600_
------
Total: 11,500
In the course of three years, the total social capital has increased
from I.6,000 + II.1,715 = 7,715 to I.7,629 + II.2,229 = 9,858, and the
total product from 9,000 to 11,500.
Accumulation in both departments here proceeds uniformly, in marked
difference from the first example. From the second year onwards, both
departments capitalise half their surplus value and consume the other
half. A bad choice of figures in the first example thus seems to be
responsible for its arbitrary appearance. But we must check up to make
sure that it is not only a mathematical manipulation with cleverly
chosen figures which this time ensures the smooth progress of
accumulation.
In the first as well as in the second example, we are continually struck
by a seemingly general rule of accumulation: to make any accumulation
possible, Department II must always enlarge its constant capital by
precisely the amount by which Department I increases (_a_) the
proportion of surplus value for consumption and (_b_) its variable
capital. If we take the example of the first year as an illustration,
the constant capital of Department II must be increased by 70. And why?
because this capital was only 1,430 before.
Public-domain text, read in full here on John Shaqi.
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