Capitalism; Imperialism; Saving and investment; Socialism
Thus the question arises whether these sums themselves mean anything
more in a capitalist society than a mere statistical enumeration which
is, moreover, inexact and fluid. Applying the standards of society as a
whole, we perceive that the completely independent and sovereign
individual existence of private enterprises is only the historically
conditioned form, whereas it is social interconnections that provide the
foundation. Although individual capitals act in complete independence of
one another, and a social regulation is completely lacking, the movement
of capitals forms a homogeneous whole. This movement, too, appears in
specifically capitalist forms. In every planned system of production it
is, above all, the relation between all labour, past and present, and
the means of production (between _v + s_ and _c_, according to our
formula), or the relation between the aggregate of necessary consumer
goods (again, in the terms of our formula, _v + s_) and _c_ which are
subjected to regulation. Under capitalist conditions, on the other hand,
all social labour necessary for the maintenance of the inanimate means
of production and also of living labour power is treated as one entity,
as capital, in contrast with the surplus labour that has been performed,
i.e. with the surplus value _s_. The relation between these two
quantities _c_ and (_v + s_) is a palpably real, objective relationship
of capitalist society: it is the average rate of profit; every capital
is in fact treated only as part of a common whole, the whole of social
capital, and assigned the profit to which it is entitled, according to
its size, out of the surplus value wrested from society, regardless of
the quantity which this particular capital has actually created. Thus
social capital and its counterpart, the whole of social surplus value,
are not merely real quantities, having an objective existence, but, what
is more, the relation between them, the average profit, guides and
directs the whole process of exchange. This it does in three ways: (1)
by the mechanism of the law of value which establishes the quantitative
relations of exchange between the individual kinds of commodities
independently of their specific value relationship; (2) by the social
division of labour, the assignment of certain portions of capital and
labour to the individual spheres of production; (3) by the development
of labour productivity which on the one hand stimulates individual
capitals to engage in pioneering work for the purpose of securing a
higher profit than the average, and on the other hand extends the
progress that has been achieved by individuals over the whole field of
production. By means of the average rate of profit, in a word, the total
capital of society completely governs the seemingly independent motions
of individual capitals.
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