Capitalism; Imperialism; Saving and investment; Socialism
These results are not due to mere chance. The adjustments we have tried
out on Marx's diagram are merely meant to illustrate that technical
progress, as he himself admits, must be accompanied by a relative growth
of constant as against variable capital. Hence the necessity for a
continuous revision of the ratio in which capitalised surplus value
should be allotted to _c_ and _v_ respectively. In Marx's diagram,
however, the capitalists are in no position to make these allocations at
will, since the material form of their surplus value predetermines the
forms of capitalisation. Since, according to Marx's assumption, all
expansion of production proceeds exclusively by means of its own,
capitalistically produced means of production and subsistence,--since
there are here no other places and forms of production and equally no
other consumers than the two departments with their capitalists and
workers,--and since, on the other hand, the smooth working of the
accumulative process depends on that circulation should wholly absorb
the aggregate product of both departments, the technological shape of
enlarged reproduction is in consequence strictly prescribed by the
material form of the surplus product. In other words: according to
Marx's diagram, the technical organisation of expanded production can
and must be such as to make use of the aggregate surplus value produced
in Departments I and II. In this connection we must bear in mind also
that both departments can obtain their respective elements of production
only by means of mutual exchange. Thus the allocation to constant or
variable capital of the surplus value earmarked for capitalisation, as
well as the allotment of the additional means of production and
subsistence (for the workers) to Departments I and II is given in
advance and determined by the relations between the two departments of
the diagram--both in material and in terms of value. These relations
themselves, however, reflect a quite determinate technical organisation
of production. This implies that, on the assumptions of Marx's diagram,
the techniques of production given in each case predetermine the
techniques of the subsequent periods of enlarged reproduction, if
accumulation continues. Assuming, that is to say, in accordance with
Marx's diagram, that the expansion of capitalist production is always
performed by means of the surplus value originally produced in form of
capital, and further--or rather, conversely--that accumulation in one
department is strictly dependent on accumulation in the other, then no
change in the technical organisation of production can be possible in so
far as the relation of _c_ to _v_ is concerned.
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