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[...] The commonly accepted view of the matter gives a general answer to the effect that an industrial nation is at the height of its production at the moment when it reaches its historical climax in all respects. As a matter of fact a nation is at its industrial height so long as its main object is not gain, but the process of gaining. [...]
Hence the absurdity of considering free competition as being the final development of human liberty, and the negation of free competition as being the negation of individual liberty and of social production founded on individual liberty. It is only free development on a limited foundation—that of the dominion of capital. This kind of individual liberty is thus at the same time the most complete suppression of all individual liberty and total subjugation of individuality to social conditions which take the form of material forces—and even of all-powerful objects that are independent of the individuals relating to them. [...]
In so far as machinery develops with the accumulation of social knowledge and productive power generally, it is not in labour but in capital that general social labour is represented. Society’s productivity is measured in fixed capital, exists within it in an objectified form; and conversely, the productivity of capital evolves in step with this general progress that capital appropriates gratis. [...] the means of labour, in its material aspect, loses its immediate form and opposes the worker materially as capital. Science thus appears, in the machine, as something alien and exterior to the worker; and living labour is subsumed under objectified labour, which acts independently. The worker appears to be superfluous in so far as his action is not determined by the needs of capital.
In small-scale circulation, capital advances the worker his wages, which he exchanges for products necessary for his own consumption. The money that he receives only has this power because, at the same time, work is being carried out alongside him. It is only because capital has appropriated his labour that it can give him, with the money, control over the labour of others. This exchange of worker’s own labour for that of others does not seem to be determined and conditioned by the simultaneous coexistence of the others’ labour, but by the advance that capital has made to him.
Fixed capital, considered as a means of production, whose most adequate form is machinery, only produces value (i.e. increases the value of the product) in two cases: (1) in so far as it has value, i.e. in so far as it is itself the product of labour, a definite quantity of labour in an objectified form; (2) in so far as it increases the proportion of surplus labour to necessary labour by making it possible for labour, by increasing its productivity, to create more quickly a larger amount of the products needed for the sustenance of living labour power. To say that the worker is in co-operation with the capitalist because the latter makes the worker’s labour easier by means of fixed capital, or shortens his labour, is a bourgeois phrase of the greatest absurdity. Fixed capital is in any case the product of labour, and is merely alien labour that has been appropriated by capital; and the capitalist could be said, rather, to be robbing labour of all its independent and attractive character by means of the machine. On the contrary, capital only uses machinery in so far as it enables the worker to devote more of his working time to the capitalist, to work longer for others and experience a larger part of his time as not belonging to him. Through this process, in fact, the quantity of labour necessary for the production of a particular object is reduced to a minimum, so that a maximum of labour can be valorized into the maximum number of such objects. The first aspect is important, because capital in this instance has quite unintentionally reduced human labour, the expenditure of energy, to a minimum. This will be to the advantage of emancipated labour, and is the condition of its emancipation.
almost positive I've read this before, in the Accelerationist reader
Capital is itself contradiction in action, since it makes an effort to reduce labour time to the minimum, while at the same time establishing labour time as the sole measurement and source of wealth. Thus it diminishes labour time in its necessary form, in order to increase its superfluous form; therefore it increasingly establishes superfluous labour time as a condition (a question of life and death) for necessary labour time. On the one hand it calls into life all the forces of science and nature, as well as those of social co-operation and commerce, in order to create wealth which is relatively independent of the labour time utilized. On the other hand it attempts to measure, in terms of labour time, the vast social forces thus created and imprisons them within the narrow limits that are required in order to retain the value already created as value. Productive forces and social relationships—the two different sides of the development of the social individual—appear to be, and are, only a means for capital, to enable it to produce from its own cramped base. But in fact they are the material conditions that will shatter this foundation.
[...] machines can only develop in opposition to living labour, as a hostile power and alien property, i.e. they must, as capital, oppose the worker. But it is equally easy to see that machines do not cease to be agents of social production, once they become, for example, the property of associated workers. But in the first case, their means of distribution (the fact that they do not belong to the workers) is itself a condition of the means of production that is founded on wage-labour. In the second case, an altered means of distribution will derive from a new, altered basis of production emerging from the historical process.
Capital, also, is a social relation of production. It is a bourgeois production
relation, a production relation of bourgeois society. Are not the means of
subsistence, the instruments of labour, the raw materials of which capital con-
sists, produced and accumulated under given social conditions, in definite
social relations? Are they not utilized for new production under given social conditions, in definite social relations? And is it not just this definite social
character which turns the products serving for new production into capital?
Capital consists not only of means of subsistence, instruments of labour, and
raw materials, not only of material products; it consists just as much of
exchange values. All the products of which it consists are commodities. Capital
is, therefore, not only a sum of material products; it is a sum of commodities, of
exchange values, of social magnitudes.
It is only the domination of accumulated, past, materialized labour over
direct, living labour that turns accumulated labour into capital.
Capital does not consist in accumulated labour serving living labour as a
means for new production. It consists in living labour serving accumulated
labour as a means for maintaining and multiplying the exchange value of the
latter.
The indispensable condition for a tolerable situation of the worker is,
therefore, the fastest possible growth of productive capital.
But what is the growth of productive capital? Growth of the power of
accumulated labour over living labour. Growth of the domination of the bourgeoisie over the working class. If wage labour produces the wealth of others
that rules over it, the power that is hostile to it, capital, then the means of
employment, that is, the means of subsistence, flow back to it from this hostile
power, on condition that it makes itself afresh into a part of capital, into the
lever which hurls capital anew into an accelerated movement of growth.
To say that the interests of capital and those of the workers are one and
the same is only to say that capital and wage labour are two sides of one and
the same relation. The one conditions the other, just as usurer and squanderer
condition each other.