Capitalism; Imperialism; Saving and investment; Socialism
From the point of view of reproduction the question is a different one.
How is it possible that the unplanned supply in the market for labour
and means of production, and the unplanned and incalculable changes in
demand nevertheless provide adequate quantities and qualities of means
of production, labour and opportunities for selling which the individual
capitalist needs in order to make a sale? How can it be assured that
every one of these factors increases in the right proportion? Let us put
the problem more precisely. According to our well-known formula, let the
composition of the individual capitalist's production be expressed by
the proportion _40c + 10v + 10s_. His constant capital is consequently
four times as much as his variable capital, and the rate of exploitation
is 100 per cent. The aggregate of commodities is thus represented by a
value of 60. Let us now assume that the capitalist is in a position to
capitalise and to add to the old capital of this given composition half
of his surplus value. In this case, the formula _44c + 11v + 11s = 66_
would apply to the next period of production.
Let us assume now that the capitalist can continue the annual
capitalisation of half his surplus value for a number of years. For this
purpose it is not sufficient that means of production, labour and
markets in general should be forthcoming, but he must find these factors
in a proportion that is strictly in keeping with his progress in
accumulation.
FOOTNOTES:
[58] 'If production be capitalistic in form, so, too, will be
reproduction' (_Capital_, vol. i, p. 578).
[59] Surplus value in our exposition is identical with profit. This is
true for production as a whole, which alone is of account in our further
observations. For the time being, we shall not deal with the further
division of surplus value into its component parts: profit of
enterprise, interest, and rent, as this subdivision is immaterial to the
problem of reproduction.
_CHAPTER II_
QUESNAY'S AND ADAM SMITH'S ANALYSES OF THE PROCESS OF REPRODUCTION
So far we have taken account only of the individual capitalist in our
survey of reproduction; he is its typical representative, its agent, for
reproduction is indeed brought about entirely by individual capitalist
enterprises. This approach has already shown us that the problem
involves difficulties enough. Yet these difficulties increase to an
extraordinary degree and become even more complicated, when we turn our
attention from the individual capitalist to the totality of capitalists.
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