Capitalism; Imperialism; Saving and investment; Socialism
Thus capitalist production and reproduction imply a constant shifting
between the place of production and the commodity market, a shuttle
movement from the private office and the factory where unauthorised
persons are strictly excluded, where the sovereign will of the
individual capitalist is the highest law, to the commodity market where
nobody sets up any laws and where neither will nor reason assert
themselves. But it is this very licence and anarchy of the commodity
market which brings home to the individual capitalist that he is
dependent upon society, upon the entirety of its producing and consuming
members. The individual capitalist may need additional means of
production, additional labour and provisions for these workers in order
to expand reproduction, but whether he can get what he needs depends
upon factors and events beyond his control, materialising, as it were,
behind his back. In order to realise his increased aggregate of
products, the individual capitalist requires a larger market for his
goods, but he has no control whatever over the actual increase of demand
in general, or of the particular demand for his special kind of good.
The conditions we have enumerated here, which all give expression to the
inherent contradiction between consumption and private production and
their social interconnection, are nothing new, and it is not only at
the stage of reproduction that they become apparent. These conditions
express the general contradiction inherent in capitalist production.
They involve, however, particular difficulties as regards the process of
reproduction for the following reasons. With regard to reproduction,
especially expanding reproduction, the capitalist method of production
not only reveals its general fundamental character, but, what is more,
it shows, in the various periods of production, a definite rhythm within
a continuous progression--the characteristic interplay of individual
wills. From this point of view, we must inquire in a general way how it
is possible for every individual capitalist to find on the market the
means of production and the labour he requires for the purpose of
realising the commodities he has produced, although there exists no
social control whatever, no plan to harmonize production and demand.
This question may be answered by saying that the capitalist's greed for
surplus value, enhanced by competition, and the automatic effects of
capitalist exploitation, lead to the production of every kind of
commodity, including means of production, and also that a growing class
of proletarianised workers becomes generally available for the purposes
of capital. On the other hand, the lack of a plan in this respect shows
itself in the fact that the balance between demand and supply in all
spheres can be achieved only by continuous deviations, by hourly
fluctuations of prices, and by periodical crises and changes of the
market situation.
Public-domain text, read in full here on John Shaqi.
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