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Showing results by Karl Marx only

The credit system ... accelerates the material development of the productive forces and the creation of the world market ... At the same time, credit accelerates the violent outbreaks of this contradiction, crises, and with these elements the dissolution of the old mode of production.

The credit system has a dual character immanent in it: on the one hand it develops the driving force of capitalist production, enrichment through the exploitation of others’ labor, into the purest and most colossal system of gambling and swindling, and restricts ever more the already small number of the exploiters of social wealth; but on the other hand, it establishes the form of transition to a new mode of production.

citation: Karl Marx, Capital, Volume 3, trans. David Fernbach (New York: Vintage
Books, 1981), p. 572.

—p.152 Chapter 6: The Magic of Debt; or, Reading Marx Like a Child (137) by Karl Marx 7 years, 4 months ago

The Communist Manifesto
by multiple authors

The Communist Manifesto
by multiple authors

The Communist Manifesto
by multiple authors

The bourgeoisie cannot exist without constantly revolutionizing the instruments of production, and thereby the relations of production, and with them the whole relations of society. Conservation of the old modes of production in unaltered form, was, on the contrary, the first condition of existence for all earlier industrial classes. Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices and opinions, are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses, his real conditions of life, and his relations with his kind.

the famous quote

—p.10 Manifesto of the Communist Party (1) by Friedrich Engels, Karl Marx 7 years, 3 months ago
  1. Abolition of property in land and application of all rents of land to public purposes.
  2. A heavy progressive or graduated income tax.
  3. Abolition of all right of inheritance.
  4. Confiscation of the property of all emigrants and rebels.
  5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
  6. Centralization of the means of communication and transport in the hands of the state.
  7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
  8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
  9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equable distribution of the population over the country.
  10. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production, etc.
—p.48 Manifesto of the Communist Party (1) by Friedrich Engels, Karl Marx 7 years, 3 months ago

Bourgeois socialism attains adequate expression when, and only when, it becomes a mere figure of speech.

Free trade: for the benefit of the working class. Protective duties: for the benefit of the working class. Prison reform: for the benefit of the working class. This is the last word and the only seriously meant word of bourgeois socialism.

It is summed up in the phrase: the bourgeois is a bourgeois—for the benefit of the working class.

—p.65 Manifesto of the Communist Party (1) by Friedrich Engels, Karl Marx 7 years, 3 months ago

The ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas; hence of the relationships which make the one class the ruling one, therefore, the ideas of its dominance. The individuals composing the ruling class possess, among other things, consciousness, and therefore think.

from German Ideology

—p.45 Ideology or Fetishism: Power and Subjection (42) by Karl Marx 7 years, 3 months ago

Fixed capital, in its character as means of production, whose most adequate form [is] machinery, produces value, i.e. increases the value of the product, in only two respects: (1) in so far as it has value; i.e. is itself the product of labour, a certain quantity of labour in objectified form; (2) in so far as it increases the relation of surplus labour to necessary labour, by enabling labour, through an increase of its productive power, to create a greater mass of the products required for the maintenance of living labour capacity in a shorter time. It is therefore a highly absurd bourgeois assertion that the worker shares with the capitalist, because the latter, with fixed capital (which is, as far as that goes, itself a product of labour, and of alien labour merely appropriated by capital) makes labour easier for him (rather, he robs it of all independence and attractive character, by means of the machine), or makes his labour shorter. Capital employs machinery, rather, only to the extent that it enables the worker to work a larger part of his time for capital, to relate to a larger part of his time as time which does not belong to him, to work longer for another. Through this process, the amount of labour necessary for the production of a given object is indeed reduced to a minimum, but only in order to realize a maximum of labour in the maximum number of such objects. The first aspect is important, because capital here -- quite unintentionally -- reduces human labour, expenditure of energy, to a minimum. This will redound to the benefit of emancipated labour, and is the condition of its emancipation. [...]

—p.59 Fragment on Machines (51) by Karl Marx 7 years, 1 month ago

[...] For real wealth is the developed productive power of all individuals. The measure of wealth is then not any longer, in any way, labour time, but rather disposable time. Labour time as the measure of value posits wealth itself as founded on poverty, and disposable time as existing in and because of the antithesis to surplus labour time; or, the positing of an individual’s entire time as labour time, and his degradation therefore to mere worker, subsumption
under labour. The most developed machinery thus forces the worker to work longer than the savage does, or than he himself did with the simplest, crudest
tools.

—p.65 Fragment on Machines (51) by Karl Marx 7 years, 1 month ago

We are told that free trade would create an international division of labour, and thereby give to each country the production which is in harmony with its natural advantage. You believe, perhaps, gentlemen, that the production of coffee and sugar is the natural destiny of the West Indies. Two centuries ago, nature, which does not trouble herself about commerce, had planted neither sugar-cane nor coffee trees there.

predates the Heckscher–Ohlin model (which asserts that inequalities in wealth emerge from inequalities in factors of production, and thus implies that they are "natural") but offers a nice criticism of it anyway

Hickel goes on to say that the capital/labour inequalities between North and South are due to political reasons (differences in labour laws, unequal trade, colonialism, structural adjustment)

—p.190 Six (184) by Karl Marx 7 years, 1 month ago

Communism is not for us a state of affairs which is to be established, or an ideal to which reality will have to adjust itself. We call communism the real movement which abolishes the present state of things. (M. 187)

I like this! (though I like my analogy better tbh)

from The German Ideology. try to link this to the actual BM note

—p.93 Class, History, and Capital (48) by Karl Marx 6 years, 11 months ago

[...] Alienated labour had four aspects to it. First, the workers were related to the product of their labour as to an alien object; it stood over and above them, opposed to them with a power independent of the producers. Second, the workers became alienated from themselves in the very act of production; for workers did not view their work as part of their real life and did not feel at home in it. Third, peoples’ ‘species-life’, their social essence, was taken away from them in their work which did not represent the harmonious efforts of people as ‘species-beings’. Fourth, individuals found themselves alienated from other individuals. [...]

in the first part of the Economic and Philosophical Manuscripts

—p.8 The Early Writings 1837–1844 (3) by Karl Marx 6 years, 11 months ago

Showing results by Karl Marx only