The absolute general law of capitalist accumulation is what “our pamphleteer” overlooked.. Our pamphleteer overlooks two things: The greater the social wealth, the functioning capital, the extent and energy of its growth, and, therefore, also the absolute mass of the proletariat and the productiveness of its labour, the greater is the industrial reserve army. The same causes which develop the expansive power of capital, develop also the labour-power at its disposal. This is the absolute general law of capitalist accumulation: As a result of the introduction of machinery, a mass of workers is constantly being thrown out of employment, a section of the population is thus made redundant; the surplus product, therefore, finds fresh labour for
Topics:
Sandwichman considers the following as important: capitalist accumulation, US/Global Economics
This could be interesting, too:
Angry Bear writes Japanese Prime Minister Fumio Kishida addresses Congress . . .
Bill Haskell writes Manipulating Supply Chains and Manufacturing, for Corporate Influence and Profit
Eric Kramer writes Milei and dollarization
Joel Eissenberg writes How much should a life-saving drug cost?
The absolute general law of capitalist accumulation is what “our pamphleteer” overlooked..
Our pamphleteer overlooks two things:
The greater the social wealth, the functioning capital, the extent and energy of its growth, and, therefore, also the absolute mass of the proletariat and the productiveness of its labour, the greater is the industrial reserve army. The same causes which develop the expansive power of capital, develop also the labour-power at its disposal.
This is the absolute general law of capitalist accumulation:
As a result of the introduction of machinery, a mass of workers is constantly being thrown out of employment, a section of the population is thus made redundant; the surplus product, therefore, finds fresh labour for which it can be exchanged without any increase in population and without any need to extend the absolute working-time.
Any questions?