Capitalism; Imperialism; Saving and investment; Socialism
which is used, of the premises, of the fuel and so on, in short the
value of all the means of production necessary for baking. Under one
condition alone could the value of any one commodity be strictly equal
to _v + s_; if a man were to work in mid-air, without raw materials,
without tools or workshop. But since all work on materials (material
labour) presupposes means of production of some sort which themselves
result from preceding labour, the value of this past labour is of
necessity transferred to the new product.
The process in question does not only take place in capitalist
production; it is the general foundation of human labour, quite
independent of the historical form of society. The handling of man-made
tools is a fundamental characteristic of human civilisation. The concept
of past labour which precedes all new labour and prepares its basis,
expresses the nexus between man and nature evolved in the history of
civilisation. This is the eternal chain of closely interwoven labouring
efforts of human society, the beginnings of which are lost in the grey
dawn of the socialisation of mankind, and the termination of which would
imply the end of the whole of civilised mankind. Therefore we have to
picture all human labour as performed with the help of tools which
themselves are already products of antecedent labour. Every new product
thus contains not only the new labour whereby it is given its final
form, but also past labour which had supplied the materials for it, the
instruments of labour and so forth. In the production of value, that is
commodity production into which capitalist production also enters, this
phenomenon is not suspended, it only receives a particular expression.
Here the labour which produces commodities assumes a twofold
characteristic: it is on the one hand useful concrete labour of some
kind or other, creating the useful object, the value-in-use. On the
other hand, it is abstract, general, socially necessary labour and as
such creates value. In its first aspect it does what labour has always
done: it transfers to the new product past labour, incorporated in the
means of production employed, with this distinction only, that this past
labour, too, now appears as value, as old value. In its second aspect,
labour creates new value which, in capitalist terms, can be reduced to
paid and unpaid labour, to _v + s_. Thus the value of every commodity
must contain old value which has been transferred by labour _qua_ useful
concrete labour from the means of production to the commodity, as well
as the new value, created by the same labour _qua_ socially necessary
labour merely as this labour is expended hour by hour.
Public-domain text, read in full here on John Shaqi.
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