Capitalism; Imperialism; Saving and investment; Socialism
The position is different as regards the total production of a society.
From the point of view of society as a whole, the exchange of
commodities can only effect a shifting around, whereby the individual
parts of the total product change hands. The material composition of the
product, however, cannot be changed by this process. After this change
of places, as well as before it, there can be reproduction of total
capital, if, and only if, there is in the total product of the preceding
period: first, a sufficient quantity of means of production, secondly,
adequate provisions to maintain the same amount of labour as hitherto,
and, last but not least, the goods necessary to maintain the capitalist
class and its hangers-on in a manner suitable to their station. This
brings us to a new plane: we are now concerned with material points of
view instead of pure relations of value. It is the use-form of the total
social product that matters now. What the individual capitalist
considers nobody else's business becomes a matter of grave concern for
the totality of capitalists. Whereas it does not make the slightest
difference to the individual capitalist whether he produces machinery,
sugar, artificial manure or a progressive newspaper--provided only that
he can find a buyer for his commodity so that he can get back his
capital plus surplus value--it matters infinitely to the 'total
capitalist' that his total product should have a definite use-form. By
that we mean that it must provide three essentials: the means of
production to renew the labour process, simple provisions for the
maintenance of the workers, and provisions of higher quality and luxury
goods for the preservation of the 'total capitalist' himself. His desire
in this respect is not general and vague, but determined precisely and
quantitatively. If we ask what quantities of all three categories are
required by the 'total capitalist', the value-composition of last year's
total product gives us a definite estimate, as long, that is, as we
confine ourselves to simple reproduction, which we have taken for our
starting point. Hitherto we have conceived of the formula _c + v + s_
as a merely quantitative division of the total value, applicable alike
to total capital and to individual capital, and representing the
quantity of labour contained in the annual product of society. Now we
see that the formula is also the basis of the material composition of
the product. Obviously the 'total capitalist', if he is to take up
reproduction to the same extent as before, must find in his new total
product as many means of production as correspond to the size of _c_, as
many simple provisions for the workers as correspond to the sum of wages
_v_, and as many provisions of better quality for himself and his
hangers-on as correspond to _s_. In this way our analysis of the value
of the society's aggregate product is translated into a general recipe
for this product as follows: the total _c_ of society must be
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