Capitalism; Imperialism; Saving and investment; Socialism
maintain more workers, and to turn out more means of production merely
to keep this surplus of workers occupied. Admittedly, as far as the
individual capitalist is concerned, the worker is just as good a
consumer, i.e. purchaser of his commodity, as another capitalist or
anyone else, provided that he can pay. Every individual capitalist
realises his surplus value in the price of his commodity, whether he
sells it to the worker or to some other buyer. But this does not hold
true from the point of view of the capitalist class as a whole. The
working class in general receives from the capitalist class no more than
an assignment to a determinate part of the social product, precisely to
the extent of the variable capital. The workers buying consumer goods
therefore merely refund to the capitalist class the amount of the wages
they have received, their assignment to the extent of the variable
capital. They cannot return a groat more than that; and if they are in a
position to save in order to make themselves independent as small
entrepreneurs, they may even return less, though this is the exception.
Part of the surplus value is consumed by the capitalist class itself in
form of consumer goods, the money exchanged for these being retained in
the capitalists' pockets. But who can buy the products incorporating the
other, the capitalised part of the surplus value? Partly the capitalists
themselves--the diagram answers--who need new means of production for
the purpose of expanding production, and partly the new workers who will
be needed to work these new means of production. But that implies a
previous capitalist incentive to enlarge production; if new workers are
set to work with new means of production, there must have been a new
demand for the products which are to be turned out.
Perhaps the answer is that the natural increase of the population
creates this growing demand. In fact, the growth of the population and
its needs provided the starting point for our examination of enlarged
reproduction in an hypothetical socialist society. There the
requirements of society could serve as an adequate basis, since the only
purpose of production was the satisfaction of wants. In a capitalist
society, however, the matter is rather different. What kind of people
are we thinking of when we speak of an increase in the population? There
are only two classes of the population according to Marx's diagram, the
capitalists and the workers. The natural increase of the former is
already catered for by that part of the surplus value which is consumed
inasmuch as it increases in absolute quantity. In any case, it cannot be
the capitalists who consume the remainder, since capitalist consumption
of the entire surplus value would mean a reversion to simple
reproduction. That leaves the workers, their class also growing by
natural increase. Yet a capitalist economy is not interested in this
increase for its own sake, as a starting point of growing needs.
Public-domain text, read in full here on John Shaqi.
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