Value in 1861-63 continued

 

“In so far as the surplus product is valorised anew as surplus capital, enters anew the labour process and the process of self-valorisation, it divides itself into:

1) means of subsistence to be exchanged for labour capacity. This part of the capital can be defined as the wages fund. It serves for the progressive maintenance of labour capacity, since this part of the surplus capital grows continuously, even though by no means in the proportion to which the surplus capital itself grows. This wages fund now appears as alienated labour, converted into capital, just as much as do

2) the objective components, the objective conditions for the employment of additional labour. Both components of capital are now posited by labour, and posited as its presuppositions. What originally appeared as a division of capital within itself now appears in such a way that labour’s own product — objectified surplus labour — is divided into those two components which, considered materially, are the objective conditions of the labour process, and the objective conditions for the maintenance and reproduction of labour capacity; but from the point of view of their form these conditions of the realisation of labour confront it as an alien, independent power, as capital. Labour

has itself created a new fund for the employment of new labour, but at the same time it has created the condition that this fund can be appropriated only if new surplus labour is employed on the extra part of surplus capital. Hence, by producing surplus capital, surplus value, labour has simultaneously created the real necessity (and possibility) for new surplus labour, surplus capital thus itself being the real possibility of both new surplus labour and new surplus capital. It becomes evident here how progressively the objective world of wealth is enlarged through labour even as an alien power confronting it, and how it gains an ever wider and fuller existence, so that relatively, in relation to the values created or to the extent of the real conditions for the creation of value, the necessitous subjectivity of living labour capacity stands out in ever more glaring contrast. The more labour objectifies itself, the greater becomes the objective world of values which confronts it as alien — as alien property. By creating surplus capital, labour imposes on itself [XXII-1386] the compulsion to create yet further surplus capital, etc., etc.” mecw 34 p. 232

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About HR

Deep in the adjunct crackhole.
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