Items related to Wage-Labor and Capital
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ...minimum wages have sufficed for the preservation and propagation of the race? What, then, do these beloved bourgeois phrases prove? Nothing more than that now four times as many workers' lives are used up as there were previously, in order to obtain the livelihood of one working family. To sum up: the more productive capital grows, the more it extends the division of labor and the application of machinery; the more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together. In addition, the working class is also recruited from the higher strata of society; a mass of small business men and of people living upon the interest of their capitals is precipitated into the ranks of the working class, and they will have nothing else to do than to stretch out their arms alongside of the arms of the workers. Thus the forest of outstretched arms, begging for work, grows ever thicker, while the arms themselves grow ever leaner. It is evident that the small manufacturer cannot survive in a struggle in which the first condition of success is production upon an ever greater scale. It is evident that the small manufacturer cannot at the same time be a big manufacturer. That the interest on capital decreases in the same ratio in which the mass and number of capitals increase, that it diminishes with the growth of capital, that therefore the small capitalist can no longer live on his interest, but must consequently throw himself upon industry by joining the ranks of the small manufacturers and thereby increasing the number of candidates for the proletariat--all this requires no further elucidation. Finally, in the same measure in which the capitalists are...
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About the Author:
Described as one of the most influential figures in human history, Karl Marx was a German philosopher and economist who wrote extensively on the benefits of socialism and the flaws of free-market capitalism. His most notable works, Das Kapital and The Communist Manifesto (the latter of which was co-authored by his collaborator Friedrich Engels), have since become two of history s most important political and economic works. Marxismthe term that has come to define the philosophical school of thought encompassing Marx s ideas about society, politics and economicswas the foundation for the socialist movements of the twentieth century, including Leninism, Stalinism, Trotskyism, and Maoism. Despite the negative reputation associated with some of these movements and with Communism in general, Marx s view of a classless socialist society was a utopian one which did not include the possibility of dictatorship. Greatly influenced by the philosopher G. W. F. Hegel, Marx wrote in radical newspapers from his young adulthood, and can also be credited with founding the philosophy of dialectical materialism. Marx died in London in 1883 at the age of 64.
Friedrich Engels was born in 1820, in the German city of Barmen. He died in London in 1895 while editing the fourth volume of Capital.
Friedrich Engels was born in 1820, in the German city of Barmen. He died in London in 1895 while editing the fourth volume of Capital.
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- PublisherTheClassics.us
- Publication date2013
- ISBN 10 1230861548
- ISBN 13 9781230861548
- BindingPaperback
- Number of pages32
- Rating
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