Socialist Appeal
The British section of the International Marxist Tendency
We continue here our series on Marx's Capital, looking at the question of accumulation. Capital is dynamic. “Money never sleeps”. For capital to act as capital, it must continuously be in motion – continually seeking to create value from value. It is this overall dynamic of capital towards which Marx now turns his attention in chapters 23-25.
We continue our series looking at Marx's Capital by discussing chapters 16-22, in which Marx delves further into the question of surplus-value and looks also at the issue of wages. The conclusion is clear: within the capitalist system – a system of wage labour and capital – the benefits of scientific, technological, and industrial progress will always overwhelmingly flow towards the capitalists.
We continue our series looking at Marx's Capital. Having discussed how the capitalists are able to increase profits by improving productivity through the application of new organisational means within the workplace, Marx now turns his attention towards the most revolutionary of developments within capitalism: the machine.
We continue our series on Marx's Capital with an analysis of Chapters 12-14. Having demonstrated how the capitalists squeeze greater profits from workers by extending the hours of the working day, Marx now turns his attention towards how the capitalists increase their profits by increasing the productivity of workers through the division of labour and co-operation within the workplace.
In their desperate search for profitable fields of investment, the capitalist class, especially the financial oligarchy, has presided over an explosive growth of unproductive expenditure that today threatens to undermine the very edifice of capitalism. Rob Sewell examines the qualitative difference between productive and unproductive labour within capitalism.