Capitalism; Imperialism; Saving and investment; Socialism
Besides, this process which is here expressed by relations of value
applies equally to every society, even to a community which does not
produce commodities. If once upon a time, for instance, say ten years'
labour of 1,000 fellaheen was required for the construction of the
famous Lake Moeris and the related Nile canals--that miraculous lake,
which Herodotus tells us was made by hand--and if for the maintenance of
this, the most magnificent drainage system of the world, the labour of a
further 100 fellaheen was annually required (the figures, of course, are
chosen at random), we might say that after every hundred years the
Moeris dam and the canals were reproduced anew, although in fact the
entire system was not constructed as a whole in every century. This is
manifestly true. When, amid the stormy incidents of political history
and alien conquests, the usual crude neglect of old monuments of culture
set in--as displayed, e.g. by the English in India when the
reproductional needs of ancient civilisations were understood no
longer--then in the course of time the whole Lake Moeris, its water,
dikes and canals, the two pyramids in its midst, the colossus upon it
and other marvellous erections, disappeared without a trace, as though
they had never been built. Only ten lines in Herodotus, a dot on
Ptolemy's map of the world, traces of old cultures, and of villages and
cities bear witness that at one time rich life sprang from this
magnificent irrigation system, where to-day there are only stretches of
arid desert in inner Lybia, and desolate swamps along the coast. There
is only one point where Marx's scheme of simple reproduction may appear
unsatisfactory or incomplete in relation to constant capital, and that
is when we go back to that period of production, when the total fixed
capital was first created. Indeed, society possesses transformed labour
amounting to more than those parts of fixed capital which are absorbed
into the value of the annual product and are in turn replaced by it. In
the figures of our example the total social capital does not consist of
_6,000c + 1,500v_, as in the diagram, but of _19,500c + 1,500v_. Though
1,500 of the fixed capital (which, on our assumption, amounts to 15,000)
are annually reproduced in the form of appropriate means of production,
an equal amount is also consumed by the same production each year,
though the whole of the fixed capital as a use-form, an aggregate of
objects, has been renewed. After ten years, society possesses in the
eleventh, just as in any other year, a fixed capital of 15,000, whereas
it has annually achieved only 1,500_c_; and its constant capital as a
whole is 19,500, whereas it has created only 6,000. Obviously, since it
must have created this surplus of 13,500 fixed capital by its labour, it
possesses more accumulated past labour than our scheme of reproduction
warrants. Even at this stage, the annual labour of society must be based
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