The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the capacity of human beings to work can be bought and sold like any other commodity: buyers of labor power offer wages, which sellers accept in return for a commodity, their own labor.


Chapter 12 The New Laborers, p. 354. - Europe and the People Without History


The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the...

The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the...

The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the...

The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the...