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Karl Marx -
Capital
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Capital is money, capital is commodities. … By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.
Karl Marx
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A class of labourers, who live only so long as they find work, and who find work only so long as their labour increase capital. These labourers, who must sell themselves piecemeal, are a commodity, like every other article of commerce, and are consequently exposed to all the vicissitudes of competition, to all the fluctuations of the market.
Karl Marx
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Capital brings forth living offspring, or at the least, lays the golden eggs.
Karl Marx
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We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market, it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.
Karl Marx
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All that we want to do away with is the miserable character of this appropriation, under which the labourer lives merely to increase capital, and allowed to live only so far as the interest to the ruling class requires it.
Karl Marx
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Do not be deluded by the abstract word Freedom. Whose freedom? Not the freedom of one individual in relation to another, but freedom of Capital to crush the worker.
Karl Marx
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A great deal of capital, which appears today in the United States without any certificate of birth, was yesterday, in England, the capitalised blood of children.
Karl Marx
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But simultaneously with the development of capitalist production the credit system also develops. The money-capital which the capitalist cannot as yet employ in his own business is employed by others, who pay him interest for its use.
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In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists. But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals.
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Capital is dead labor, that vampire-like, only lives by sucking living labor, and lives the more, the more labor it sucks.
Karl Marx
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On the other hand one must not entertain any fantastic illusions on the productive power of the credit system, so far as it supplies or sets in motion money-capital.
Karl Marx
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An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.
Karl Marx
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As the chosen people bore in their features the sign manual of Jehovah, so the division of labour brands the manufacturing workman as the property of capital.
Karl Marx
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The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.
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Capital grows in one place to a huge mass in a single hand, because it has in another place been lost by many. This is centralisation proper, as distinct from accumulation and concentration.
Karl Marx
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The circulation of capital realizes value, while living labour creates value.
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In bourgeois society capital is independent and has individuality, while the living person is dependent and has no individuality.
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These numerous points at which money is withdrawn from circulation and accumulated in numerous individual hoards or potential money-capitals appears as so many obstacles to circulation, because they immobilise the money and deprive it of its capacity to circulate for a certain time.
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Along with the constantly diminishing number of the magnates of capital, who usurp and monopolize all advantages of this process of transformation, grows the mass of misery, oppression, slavery, degradation, exploitation; but with this too grows the revolt of the working class, a class always increasing in numbers, and disciplined, united, organized by the very mechanism of the process of capitalist production itself.
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As the variable capital always stays in the hands of the capitalist in some form or other, it cannot be claimed in any way that it converts itself into revenue for anyone.
Karl Marx
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Capitals accumulate faster than the population; thus wages; thus population; thus grain prices; thus the difficulty of production and hence the exchange values.
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The monopoly of capital becomes a fetter upon the mode of production, which has sprung up and flourished along with, and under it. Centralisation of the means of production and socialisation of labour at last reach a point where they become incompatible with there capitalist integument. This integument is burst asunder. The knell of capitalist private property sounds. The expropriators are expropriated.
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In reality, the labourer belongs to capital before he has sold himself to capital.
Karl Marx
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The monopoly of capital becomes a fetter upon the mode of production, which has sprung up and flourished along with, and under it. Centralization of the means of production and socialization of labor at last reach a point where they become incompatible with their capitalist integument. This integument is burst asunder. The knell of capitalist private property sounds. The expropriators are expropriated.
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A circuit performed by a capital and meant to be a periodical process, not an individual act, is called its turnover. The duration of this turnover is determined by the sum of its time of production and its time of circulation.
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Private property has made us so stupid and partial that an object is only ours when we have it, when it exists for us as capital … Thus all the physical and intellectual senses have been replaced by … the sense of having.
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It goes without saying that the normal durability of fixed capital is calculated on the supposition that all the conditions under which it can perform its functions normally during that time are fulfilled, just as we assume, in placing a mans life at 30 years on the average, that he will wash himself.
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The less you eat, drink and read books; the less you go to the theatre, the dance hall, the public house; the less you think, love, theorize, sing, paint, fence, etc., the more you save-the greater becomes your treasure which neither moths nor dust will devour-your capital. The less you are, the more you have; the less you express your own life, the greater is your alienated life-the greater is the store of your estranged being.
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The labour-power is a commodity, not capital, in the hands of the labourer, and it constitutes for him a revenue so long as he can continuously repeat its sale; it functions as capital after its sale, in the hands of the capitalist, during the process of production itself.
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As a beast of toil an ox is fixed capital. If he is eaten, he no longer functions as an instrument of labour, nor as fixed capital either.
Karl Marx
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Quote of the day
In the past the man has been first; in the future the system must be first. This in no sense, however, implies that great men are not needed. On the contrary, the first object of any good system must be that of developing first-class men
Frederick Winslow Taylor
Karl Marx
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Born:
May 5, 1818
Died:
March 14, 1883
(aged 64)
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