Capitalism; Imperialism; Saving and investment; Socialism
There are no limits to the continuation of this diagrammatic development
of accumulation in accordance with the few easy rules we have
demonstrated. But now it is time to take care lest we should only have
achieved these surprisingly smooth results through simply working out
certain fool-proof mathematical exercises in addition and subtraction,
and we must further inquire whether it is not merely because
mathematical equations are easily put on paper that accumulation will
continue _ad infinitum_ without any friction.
In other words: the time has come to look for the concrete social
conditions of accumulation.
FOOTNOTES:
[96] 'The premise of simple reproduction, that I(_v + s_) is equal to
II_c_, is irreconcilable with capitalist production, although this does
not exclude the possibility that a certain year in an industrial cycle
of ten or eleven years may not show a smaller total production than the
preceding year, so that there would not have been even a simple
reproduction, compared to the preceding year. Indeed, considering the
natural growth of population per year, simple reproduction could take
place only in so far as a correspondingly larger number of unproductive
servants would partake of the 1,500 representing the aggregate
surplus-product. But accumulation of capital, actual capitalist
production, would be impossible under such circumstances' (_Capital_,
vol. ii, p. 608).
[97] Ricardo, _Principles_, chap. viii, 'On Taxes'. MacCulloch's edition
of Ricardo's Works, p. 87, note. (Reference not given in original.)
Public-domain text, read in full here on John Shaqi.
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