Capitalism; Imperialism; Saving and investment; Socialism
The growth of the constant at the expense of the variable capital is
only the capitalist expression of the general effects of increasing
labour productivity. The formula _c_ greater than _v_ (_c > v_),
translated from the language of capitalism into that of the social
labour process, means only that the higher the productivity of human
labour, the shorter the time needed to change a given quantity of means
of production into finished products.[328]
This is a universal law of human labour. It has been valid in all
pre-capitalist forms of production and will also be valid in the future
in a socialist order of society. In terms of the material use-form of
society's aggregate product, this law must manifest itself by more and
more social labour time being employed in the manufacture of producer
than of consumer goods. In a planned and controlled social economy,
organised on socialist lines, this transformation would in fact be more
rapid even than it is in contemporary capitalist economy. In the first
place, rational scientific techniques can only be applied on the largest
scale when the barriers of private ownership in land are abolished. This
will result in an immense revolution in vast provinces of production
which will ultimately amount to a replacement of living labour by
machine labour, and which will enable us to tackle technical jobs on a
scale quite impossible under present day conditions. Secondly, the
general use of machinery in the productive process will be put on a new
economic basis. At present the machine does not compete with living
labour but only with that part of it that is paid. The cost of the
labour power which is replaced by the machine represents the lowest
limit of the applicability of the machine. Which means that the
capitalist becomes interested in a machine only when the costs of its
production--assuming the same level of performance--amount to less than
the wages of the workers it replaces. From the point of view of the
social labour process which is the only one to matter in a socialist
society, the machine competes not with the labour that is necessary to
maintain the worker but with the labour he actually performs. In other
words, in a society that is not governed by the profit motive but aims
at saving human labour, the use of machinery is economically indicated
just as soon as it can save more human labour than is necessary for
making it, not to mention the many cases where the use of machinery is
desirable even if it does not answer this economic minimum--for reasons
of health and similar considerations, in the interest of the workers
themselves. However that may be, the tension between the respective
economic usefulness of the machine in (_a_) a capitalist, and (_b_) a
socialist society is at least equal to the difference between labour and
that part of it that is paid; it is, in other words, the precise
equivalent of the whole capitalist surplus value. Consequently, if the
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