Capitalism; Imperialism; Saving and investment; Socialism
These equations, however, are not just an exercise in mathematics, nor
do they merely result from the system of commodity production. To
convince us of this fact, there is a simple means at hand. Let us
imagine for a moment that, instead of a capitalist method of production,
we have a socialist, i.e. a planned society in which the social division
of labour has come to replace exchange. This society also will divide
its labour power into producers of means of production and producers of
means of consumption. Let us further imagine the technical development
of labour to be such that two-thirds of social labour are employed in
the manufacture of producer goods and one-third in the manufacture of
consumer goods. Suppose that under these conditions 1,500 units
(reckoned on a daily, monthly, or yearly basis) suffice to maintain the
whole working population of the society, one thousand of these being
employed, according to our premise, in Department soc. I (making means
of production), and five hundred in Department soc. II (making consumer
goods), and that the means of production dating from previous labour
periods and used up during one year's labour, represent 3,000 labour
units. This labour programme, however, would not be adequate for the
society, since considerably more labour will be needed to maintain all
those of its members who do not work in the material, the productive
sense of the term: the child, the old and sick, the civil servant, the
artist and the scientist. Moreover, every society needs certain reserves
against a rainy day, as a protection against natural calamities. Taking
it that precisely the same quantity of labour and, similarly, of means
of production as that required for the workers' own maintenance is
needed to maintain all the non-workers and to build up the reserves,
then, from the figures previously assumed, we should get the following
diagram for a regulated production:
I. _4,000c + 1,000v + 1,000s = 6,000_ means of production
II. _2,000c + 500v + 500s = 3,000_ means of consumption
Here _c_ stands for the material means of production that have been
used, expressed in terms of social labour time; _v_ stands for the
social labour time necessary to maintain the workers themselves and _s_
for that needed to maintain those who do not work and to build up the
reserves.
Public-domain text, read in full here on John Shaqi.
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