Capitalism; Imperialism; Saving and investment; Socialism
re-embodied in an equal quantity of means of production, the _v_ in
provisions for the workers, and the _s_ in provisions for the
capitalists, in order that simple reproduction may take place.
Here we come up against palpable differences between the individual
capitalist and the total capitalist. The manner in which the former
always reproduces his constant and variable capital as well as his
surplus value is such that all three parts are contained in the same
material form within his homogeneous product, that this material form,
moreover, is completely irrelevant and may have different qualities in
the case of each individual capitalist. The 'total capitalist', for his
part, reproduces every component of the value of his annual product in a
different material form, _c_ as means of production, _v_ as provisions
for the workers, and _s_ as provisions for the capitalists. In the case
of the reproduction of individual capitals, there is no discrepancy
between relations of value and material points of view. Besides, it is
quite clear that individual capital may concentrate on aspects of value,
accepting material conditions as a law from heaven, as self-evident
phenomena of commodity-exchange, whereas the 'total capitalist' has to
reckon with material points of view. If the total _c_ of society were
not reproduced annually in the form of an equal amount of means of
production, every individual capitalist would be doomed to search the
commodity market in vain with his _c_ realised in cash, unable to find
the requisite materials for his individual reproduction. From the point
of view of reproducing the total capital, the formula _c + v + s_ is
inadequate. This again is proof of the fact that the concept of total
capital is something real and does not merely paraphrase the concept of
production. We must, however, make general distinctions in our
exposition of total capital: instead of showing it as a homogeneous
whole, we must demonstrate its three main categories; and we shall not
vitiate our theory if, for the sake of simplicity, we consider for the
present only two departments of total capital: the production of
producer goods, and that of consumer goods for workers and capitalists.
We have to examine each department separately, adhering to the
fundamental conditions of capitalist production in each case. At the
same time, we must also emphasise the mutual connections between these
two departments from the point of view of reproduction. For only if each
is regarded in connection with the other, do they make up the basis of
the social capital as a whole.
Public-domain text, read in full here on John Shaqi.
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