Capitalism; Imperialism; Saving and investment; Socialism
capitalist profit motive is abolished and a social organisation of
labour introduced, the marginal use of the machine will suddenly be
increased by the whole extent of the capitalist surplus value, so that
an enormous field, not to be gauged as yet, will be open to the
triumphal march of the machine. This would be tangible proof that the
capitalist mode of production, alleged to spur on to the optimum
technical development, in fact sets large social limits to technical
progress, in form of the profit motive on which it is based. It would
show that as soon as these limits are abolished, technical progress will
develop such a powerful drive that the technical marvels of capitalist
production will be child's play in comparison.
In terms of the composition of the social product, this technical
transformation can only mean that, compared to the production of
consumer goods, the production of producer goods--measured in units of
labour time--must increase more rapidly in a socialist society than it
does even to-day. Thus the relation between the two departments of
social production which the Russian Marxists took to reveal typical
capitalist baseness, the neglect of man's need to consume, rather proves
to be the precise manifestation of the progressive subjection of nature
to social labour, which will become even more striking when production
is organised solely with a view to human needs. The only objective proof
for Tugan Baranovski's 'fundamental law' thus collapses as a
'fundamental' confusion. His whole construction, including his 'new
theory of crises', together with the 'lack of proportion', is reduced to
its foundations on paper: a slavish copy of Marx's diagram of enlarged
reproduction.
FOOTNOTES:
[316] _Studies on the Theory and History of Commercial Crises in
England_ (Jena, 1901) and _Theoretical Foundations of Marxism_ (1905).
[317] _Studies on the Theory and History_ ..., p. 23.
[318] Ibid., p. 34.
[319] Ibid., p. 333.
[320] Ibid., p. 191.
[321] Ibid., p. 231, italics in the original.
[322] Ibid., p. 305.
[323] _Studies on the Theory and History_ ..., p. 191
[324] Ibid., p. 27.
[325] _Studies on the Theory and History_ ..., p. 58.
[326] V. Ilyin [Lenin] 'Studies and Essays in Economics' (_Oekonomische
Studien und Artikel. Zur Charakterisierung des ökonomischen
Romantizismus_, St. Petersburg, 1899), p. 20.--Incidentally, the same
author is responsible for the statement that enlarged reproduction
begins only with capitalism. It quite escapes him that under conditions
of simple reproduction, which he takes to be the rule for all
pre-capitalist modes of production, we should probably never have
advanced beyond the stage of the paleolithic scraper.
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