Capitalism; Imperialism; Saving and investment; Socialism
The production of consumer goods for I_v_ and II_v_ is not an end in
itself, as it would be in a society where the economic system is shaped
for the workers and the satisfaction of their wants. In a capitalist
system, Department II does not produce means of consumption in large
quantities simply to keep the workers of Departments I and II. Quite the
contrary: a certain number of workers in Departments I and II can
support themselves in every case because their labour power is useful
under the obtaining conditions of supply and demand. This means that
the starting point of capitalist production is not a given number of
workers and their demands, but that these factors themselves are
constantly fluctuating, 'dependent variables' of the capitalist
expectations of profit. The question is therefore whether the natural
increase of the working class also entails a growing effective demand
over and above the variable capital. And that is quite impossible. The
only source of money for the working class in our diagram is the
variable capital which must therefore provide in advance for the natural
increase of the workers. One way or the other: either the older
generation must earn enough to keep their offspring--who cannot, then,
count as additional consumers; or, failing that, the next generation,
the young workers, must turn to work in order to obtain wages and means
of subsistence for themselves--in which case the new working generation
is already included in the number of workers employed. On this count,
the process of accumulation in Marx's diagram cannot be explained by the
natural increase of the population.
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