Capitalism; Imperialism; Saving and investment; Socialism
Here accumulation continues year after year without interruption, the
capitalists in each case consuming half of the surplus value they have
gained and capitalising the other half. In the process of
capitalisation, the same technical foundation, that is to say the same
organic composition or division into constant and variable capital and
also the same rate of exploitation (always amounting to 100 per cent) is
consecutively maintained for the additional capital as it was for the
original capital. In accordance with Marx's assumption in volume i of
_Capital_, the capitalised part of the surplus value first comes into
being as additional means of production and as means of subsistence for
the workers, both serving the purpose of an ever expanding production in
the two departments. It cannot be discovered from the assumptions of
Marx's diagram for whose sake production is progressively expanded.
Admittedly, production and consumption increase simultaneously in a
society. The consumption of the capitalists increases (in terms of
value, in the first year it amounts to 500 + 142, in the second year to
542 + 158, in the third year to 586 + 171, and in the fourth year to
635 + 185); the consumption of the workers increases as well; the
variable capital increasing year after year in both departments
precisely indicates this growth in terms of value. And yet, the growing
consumption of the capitalists can certainly not be regarded as the
ultimate purpose of accumulation; on the contrary, there is no
accumulation inasmuch as this consumption takes place and increases;
personal consumption of the capitalists must be regarded as simple
reproduction. Rather, the question is: if, and in so far as, the
capitalists do not themselves consume their products but 'practise
abstinence', i.e. accumulate, for whose sake do they produce? Even less
can the maintenance of an ever larger army of workers be the ultimate
purpose of continuous accumulation of capital. From the capitalist's
point of view, the consumption of the workers is a consequence of
accumulation, it is never its object or its condition, unless the
principles (foundations) of capitalist production are to be turned
upside down. And in any case, the workers can only consume that part of
the product which corresponds to the variable capital, not a jot more.
Who, then, realises the permanently increasing surplus value? The
diagram answers: the capitalists themselves and they alone.--And what do
they do with this increasing surplus value?--The diagram replies: They
use it for an ever greater expansion of their production. These
capitalists are thus fanatical supporters of an expansion of production
for production's sake. They see to it that ever more machines are built
for the sake of building--with their help--ever more new machines. Yet
the upshot of all this is not accumulation of capital but an increasing
production of producer goods to no purpose whatever. Indeed, one must be
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