Capitalism; Imperialism; Saving and investment; Socialism
Indeed, the tenor of Struve's argument is a fervent belief in the
unlimited capacity for expansion of capitalist production, but the
economic foundation of this optimism is rather weak. He is somewhat
reticent as to what he means by the 'third persons' whom he considers
the mainstay of accumulation, but his references to English
occupational statistics indicate that he has in mind the various private
and public servants, the liberal professions, in short the notorious
_grand public_ so dear to bourgeois economists when they are completely
at a loss. It is this 'great public' of which Marx said that it serves
as the explanation for things which the economist cannot explain. It is
obvious that, if we categorically refer to consumption by the
capitalists and the workers, we do not speak of the entrepreneur as an
individual, but of the capitalist class as a whole, including their
hangers-on--employees, Civil Servants, liberal professions, and the
like. All such 'third persons' who are certainly not lacking in any
capitalist society are, as far as economics is concerned, joint
consumers of the surplus value for the greater part, in so far, namely,
as they are not also joint consumers of the wages of labour. These
groups can only derive their purchasing power either from the wage of
the proletariat or from the surplus value, if not from both; but on the
whole, they are to be regarded as joint consumers of the surplus value.
It follows that their consumption is already included in the consumption
of the capitalist class, and if Struve tries to reintroduce them to the
capitalists by sleight-of-hand as 'third persons' to save the situation
and help to realise the surplus value, the shrewd profiteer will not be
taken in. He will see at once that this great public is nothing but his
old familiar retinue of parasites who buy his commodities with money of
his own providing. No, no, indeed! Struve's 'third persons' will not do
at all.
Public-domain text, read in full here on John Shaqi.
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