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Wage Labour and Capital: Karl Marx

This document provides a summary and analysis of Karl Marx's 1847 pamphlet 'Wage Labour and Capital'. It introduces Marx and the context in which the pamphlet was written. It also explains some of Marx's key ideas about the determination of value and the costs of labor power.

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0% found this document useful (0 votes)
49 views25 pages

Wage Labour and Capital: Karl Marx

This document provides a summary and analysis of Karl Marx's 1847 pamphlet 'Wage Labour and Capital'. It introduces Marx and the context in which the pamphlet was written. It also explains some of Marx's key ideas about the determination of value and the costs of labor power.

Uploaded by

Isuru Buddika
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Karl Marx

Wage Labour and Capital


Written: December 1847; Source: Wage Labour and Capital, the original 1891 pamphlet;; Fir t !ubli hed: "eue #heini che $eitung, %pril &'8 and 11, 1849; (ran cription)*ar+up: $odiac and ,rian ,aggin ; !roo-ed and corrected b. %le+ ,lain, /001, *ar+ 2arri , /01033

Introduction to Karl Marxs Wage Labour and Capital (Engels)


(hi pamphlet -ir t appeared in the -orm o- a erie o- leading article in the Neue Rheinische Zeitung, beginning on %pril 4th, 18493 (he te4t i made up o- -rom lecture deli5ered b. *ar4 be-ore the 6erman Wor+ingmen7 Club o- ,ru el in 18473 (he erie 8a ne5er completed3 (he promi e 9to be continued,: at the end o- the editorial in "umber /19 o- the ne8 paper, remained un-ul-illed in con e;uence o- the precipitou e5ent o- that time: the in5a ion o2ungar. b. the #u ian <( ari t troop in5aded 2ungar. in 1849 to +eep the %u trian 2ap burg d.na t. in po8er=, and the upri ing in Dre den, > erlohn, ?lber-eld, the !alatinate, and in ,aden <Spontaneou upri ing in 6erman. in *a.'@ul. 1849, upporting the >mperial Con titution 8hich 8ere cru hed in mid'@ul.=, 8hich led to the uppre ion o- the paper on *a. 19th, 18493 %nd among the paper le-t b. *ar4 no manu cript o- an. continuation o- the e article ha been -ound3 9Wage'Labour and Capital: ha appeared a an independent publication in e5eral edition , the la t o- 8hich 8a i ued b. the S8i Co'operati5e !rinting % ociation, in 2ottingen'$urich, in 18843 2itherto, the e5eral edition ha5e contained the e4act 8ording o- the original article 3 ,ut ince at lea t 10,000 copie o- the pre ent edition are to be circulated a a propaganda tract, the ;ue tion nece aril. -orced it el- upon me, 8ould *ar4 him el-, under the e circum tance, ha5e appro5ed o- an unaltered literal reproduction o- the originalA *ar4, in the 740 , had not .et completed hi critici m o- political econom.3 (hi 8a not done until to8ard the end o- the -i-tie 3 Con e;uentl., uch o- hi 8riting a 8ere publi hed be-ore the -ir t in tallment o- hi Criti;ue o- !olitical ?conom. 8a -ini hed, de5iate in ome point -rom tho e 8ritten a-ter 18&9, and contain e4pre ion and 8hole entence 8hich, 5ie8ed -rom the tandpoint o- hi later 8riting , appear ine4act, and e5en incorrect3 "o8, it goe 8ithout a.ing that in ordinar. edition , intended -or the public in general, thi earlier tandpoint, a a part o- the intellectual de5elopment o- the author, ha it place; that the author a 8ell a the public, ha an indi putable right to an unaltered reprint o- the e older 8riting 3 >n uch a ca e, > 8ould not ha5e dreamed o- changing a ingle 8ord in it3 ,ut it i other8i e 8hen the edition i de tined almo t e4clu i5el. -or the purpo e o- propaganda3 >n uch a ca e, *ar4 him el- 8ould un;ue tionabl. ha5e brought the old 8or+, dating -rom 1849, into harmon. 8ith hi ne8 point o- 5ie8, and > -eel ure that > am acting in hi pirit 8hen > in ert in thi edition the -e8 change and addition 8hich are nece ar. in order to attain thi obBect in all e ential point3 (here-ore, > a. to the reader at once: thi pamphlet i not a *ar4 8rote it in 1849, but appro4imatel. a *ar4 8ould ha5e 8ritten it in 18913 *oreo5er, o man. copie o- the original te4t are in circulation, that the e 8ill u--ice until > can publi h it again unaltered in a complete edition o- *ar47 8or+ , to appear at ome -uture time3 *. alteration centre about one point3 %ccording to the original reading, the 8or+er ell hi labour -or 8age , 8hich he recei5e -rom the capitali t; according to the pre ent te4t, he ell hi labour-power3 %nd -or thi change, > mu t render an e4planation: to the 8or+er , in order that the. ma. under tand that 8e are not ;uibbling or 8ord'Buggling, but are dealing here 8ith one othe mo t important point in the 8hole range o- political econom.; to the bourgeoi , in order that

the. ma. con5ince them el5e ho8 greatl. the uneducated 8or+er , 8ho can be ea il. made to gra p the mo t di--icult economic anal. e , e4cel our uperciliou 9cultured: -ol+, -or 8hom uch tic+li h problem remain in oluble their 8hole li-e long3 Cla ical political econom. 1 borro8ed -rom the indu trial practice the current notion o- the manu-acturer, that he bu. and pa. -or the labour o- hi emplo.ee 3 (hi conception had been ;uite er5iceable -or the bu ine purpo e o- the manu-acturer, hi boo++eeping and price calculation3 ,ut nai5el. carried o5er into political econom., it there produced trul. 8onder-ul error and con-u ion 3 !olitical econom. -ind it an e tabli hed -act that the price o- all commoditie , among them the price o- the commodit. 8hich it call 9labour,: continuall. change; that the. ri e and -all in con e;uence o- the mo t di5er e circum tance , 8hich o-ten ha5e no connection 8hat oe5er 8ith the production o- the commoditie them el5e , o that price appear to be determined, a a rule, b. pure chance3 % oon, there-ore, a political econom. tepped -orth a a cience, it 8a one oit -ir t ta + to earch -or the la8 that hid it el- behind thi chance, 8hich apparentl. determined the price o- commoditie , and 8hich in realit. controlled thi 5er. chance3 %mong the price ocommoditie , -luctuating and o cillating, no8 up8ard, no8 do8n8ard, the -i4ed central point 8a earched -or around 8hich the e -luctuation and o cillation 8ere ta+ing place3 >n hort, tarting -rom the price o- commoditie , political econom. ought -or the 5alue o- commoditie a the regulating la8, b. mean o- 8hich all price -luctuation could be e4plained, and to 8hich the. could all be reduced in the la t re ort3 %nd o, cla ical political econom. -ound that the 5alue o- a commodit. 8a determined b. the labour incorporated in it and re;ui ite to it production3 With thi e4planation, it 8a ati -ied3 %nd 8e, too, ma., -or the pre ent, top at thi point3 ,ut, to a5oid mi conception , > 8ill remind the reader that toda. thi e4planation ha become 8holl. inade;uate3 *ar4 8a the -ir t to in5e tigate thoroughl. into the 5alue'-orming ;ualit. o- labour and to di co5er that not all labour 8hich i apparentl., or e5en reall., nece ar. to the production o- a commodit., impart under all circum tance to thi commodit. a magnitude o- 5alue corre ponding to the ;uantit. o- labour u ed up3 >-, there-ore, 8e a. toda. in hort, 8ith economi t li+e #icardo, that the 5alue o- a commodit. i determined b. the labour nece ar. to it production, 8e al8a. impl. the re er5ation and re triction made b. *ar43 (hu much -or our pre ent purpo e; -urther in-ormation can be -ound in *ar47 Critique of Political Economy, 8hich appeared in 18&9, and in the -ir t 5olume o- Capital3 ,ut, a oon a the economi t applied thi determination o- 5alue b. labour to the commodit. 9labour:, the. -ell -rom one contradiction into another3 2o8 i the 5alue o- 9labour: determinedA ,. the nece ar. labour embodied in it3 ,ut ho8 much labour i embodied in the labour o- a labourer o- a da. a 8ee+, a month, a .ear3 >- labour i the mea ure o- all 5alue , 8e can e4pre the 95alue o- labour: onl. in labour3 ,ut 8e +no8 ab olutel. nothing about the 5alue o- an hour7 labour, i- all that 8e +no8 about it i that it i e;ual to one hour7 labour3 So, thereb., 8e ha5e not ad5anced one hair7 breadth nearer our goal; 8e are con tantl. turning about in a circle3 Cla ical economic , there-ore, e a.ed another turn3 >t aid: the 5alue o- a commodit. i e;ual to it co t o- production3 ,ut, 8hat i the co t o- production o- 9labour:A >n order to an 8er thi ;ue tion, the economi t are -orced to train logic Bu t a little3 >n tead o- in5e tigating the co t oproduction o- labour it el-, 8hich, un-ortunatel., cannot be a certained, the. no8 in5e tigate the
1

9,. cla ical political econom., > under tand that econom. 8hich, ince the time o- W3 !ett., ha in5e tigated the real relation o- production in bourgeoi ociet., in contradi tinction to 5ulgar econom., 8hich deal 8ith appearance onl., ruminate 8ithout cea ing on the material long ince pro5ided b. cienti-ic econom., and there ee+ plau ible e4planation o- the mo t obtru i5e phenomena -or bourgeoi dail. u e, but -or the re t con-ine it el- to . tematiDing in a pedantic 8a., and proclaiming -or e5erla ting truth , trite idea held b. the el-'complacent bourgeoi ie 8ith regard to their o8n 8orld, to them the be t o- all po ible 8orld 3: <*ar4, Capital, Eolume >, p3 9C=

co t o- production o- the labourer3 %nd thi latter can be a certained3 >t change according to time and circum tance , but -or a gi5en condition o- ociet., in a gi5en localit., and in a gi5en branch o- production, it, too, i gi5en, at lea t 8ithin ;uite narro8 limit 3 We li5e toda. under the regime o- capitali t production, under 8hich a large and teadil. gro8ing cla o- the population can li5e onl. on the condition that it 8or+ -or the o8ner o- the mean o- production F tool , machine , ra8 material , and mean o- ub i tence F in return -or 8age 3 Gn the ba i o- thi mode oproduction, the labourer7 co t o- production con i t o- the um o- the mean o- ub i tence Hor their price in mone.I 8hich on the a5erage are re;ui ite to enable him to 8or+, to maintain in him thi capacit. -or 8or+, and to replace him at hi departure, b. rea on o- age, ic+ne , or death, 8ith another labourer F that i to a., to propagate the 8or+ing cla in re;uired number 3 Let u a ume that the mone. price o- the e mean o- ub i tence a5erage C hilling a da.3 Gur labourer get , there-ore, a dail. 8age o- C hilling -rom hi emplo.er3 For thi , the capitali t let him 8or+, a., 1/ hour a da.3 Gur capitali t, moreo5er, calculate ome8hat in the -ollo8ing -a hion: Let u a ume that our labourer Ha machini tI ha to ma+e a part o- a machine 8hich he -ini he in one da.3 (he ra8 material Hiron and bra in the nece ar. prepared -ormI co t /0 hilling 3 (he con umption o- coal b. the team'engine, the 8ear'and'tear o- thi engine it el-, othe turning'lathe, and o- the other tool 8ith 8hich our labourer 8or+ , repre ent, -or one da. and one labourer, a 5alue o- 1 hilling3 (he 8age -or one da. are, according to our a umption, C hilling 3 (hi ma+e a total o- /4 hilling -or our piece o- a machine3 ,ut, the capitali t calculate that, on an a5erage, he 8ill recei5e -or it a price o- /7 hilling -rom hi cu tomer , or C hilling o5er and abo5e hi outla.3a Whence do the. C hilling poc+eted b. the capitali t comeA %ccording to the a ertion ocla ical political econom., commoditie are in the long run old at their 5alue , that i , the. are old at price 8hich corre pond to the nece ar. ;uantitie o- labour contained in them3 (he a5erage price o- our part o- a machine F /7 hilling F 8ould there-ore e;ual it 5alue, i3e3, e;ual the amount o- labour embodied in it3 ,ut, o- the e /7 hilling , /1 hilling 8ere 5alue 8ere 5alue alread. e4i ting be-ore the machini t began to 8or+; /0 hilling 8ere contained in the ra8 material, 1 hilling in the -uel con umed during the 8or+ and in the machine and tool u ed in the proce and reduced in their e--icienc. to the 5alue o- thi amount3 (here remain 1 hilling , 8hich ha5e been added to the 5alue o- the ra8 material3 ,ut, according to the uppo ition o- our economi t , them el5e , the e 1 hilling can ari e onl. -rom the labour added to the ra8 material b. the labourer3 2i 1/ hour 7 labour ha created, according to thi , a ne8 5alue o- 1 hilling 3 (here-ore, the 5alue o- hi 1/ hour 7 labour 8ould be e;ui5alent to 1 hilling 3 So 8e ha5e at la t di co5ered 8hat the 95alue o- labour: i 3 92old on thereJ: crie our machini t3 9Si4 hilling A ,ut > ha5e recei5ed onl. C hilling J *. capitali t 8ear high and da. that the 5alue o- m. 1/ hour 7 labour i no more than C hilling , and i- > 8ere to demand 1, he7d laugh at me3 What +ind o- a tor. i thatA: >- be-ore thi 8e got 8ith our 5alue o- labour into a 5iciou circle, 8e no8 urel. ha5e dri5en traight into an in oluble contradiction3 We earched -or the 5alue o- labour, and 8e -ound more than 8e can u e3 For the labourer, the 5alue o- the 1/ hour 7 labour i C hilling ; -or the capitali t, it i 1 hilling , o- 8hich he pa. the 8or+ingman C hilling a 8age , and poc+et the remaining C hilling him el-3 %ccording to thi , labour ha not one but t8o 5alue , and, moreo5er, t8o 5er. di--erent 5alue J % oon a 8e reduce the 5alue , no8 e4pre ed in mone., to labour'time, the contradiction become e5en more ab urd3 ,. the 1/ hour 7 labour, a ne8 5alue o- 1 hilling i created3 (here-ore, in 1 hour , the ne8 5alue created e;ual C hilling F the amount 8hich the labourer recei5e -or 1/ hour 7 labour3 For 1/ hour 7 labour, the 8or+ingman recei5e , a an e;ui5alent, the product o- 1 hour 7 labour3 We are, thu , -orced to one o- t8o conclu ion : either labour ha

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t8o 5alue , one o- 8hich i t8ice a large a the other, or 1/ e;ual 1J >n both ca e , 8e get pure ab urditie 3 (urn and t8i t a 8e ma., 8e 8ill not get out o- thi contradiction a long a 8e pea+ o- the bu.ing and elling o- 9labour: and o- the 95alue o- labour3: %nd Bu t o it happened to the political economi t 3 (he la t o-- hoot o- cla ical political econom. F the #icardian chool F 8a largel. 8rec+ed on the in olubilit. o- thi contradiction3 Cla ical political econom. had run it el- into a blind alle.3 (he man 8ho di co5ered the 8a. out o- thi blind alle. 8a Karl *ar43 What the economi t had con idered a the co t o- production o- 9labour: 8a reall. the co t oproduction, not o- 9labour,: but o- the li5ing labourer him el-3 %nd 8hat thi labourer old to the capitali t 8a not hi labour3 9So oon a hi labour reall. begin ,: a. *ar4, 9it cea e to belong to him, and there-ore can no longer be old b. him3: %t the mo t, he could ell hi future labour F i3e3, a ume the obligation o- e4ecuting a certain piece o- 8or+ in a certain time3 ,ut, in thi 8a., he doe not ell labour H8hich 8ould -ir t ha5e to be per-ormedI, but not -or a tipulated pa.ment he place hi labour'po8er at the di po al othe capitali t -or a certain time Hin ca e o- time'8age I, or -or the per-ormance o- a certain ta + Hin ca e o- piece'8age I3 2e hire out or ell hi labour-power3 ,ut thi labour'po8er ha gro8n up 8ith hi per on and i in eparable -rom it3 >t co t o- production, there-ore, coincide 8ith hi o8n co t o- production; 8hat the economi t called the co t o- production o- labour i reall. the co t o- production o- the labourer, and there8ith o- hi labour'po8er3 %nd, thu , 8e can al o go bac+ -rom the co t o- production o- labour'po8er to the 5alue o- labour'po8er, and determine the ;uantit. o- ocial labour that i re;uired -or the production o- a labour'po8er o- a gi5en ;uantit., a *ar4 ha done in the chapter on 9(he ,u.ing and Selling o- Labour !o8er3: <Capital, Eolume >= "o8 8hat ta+e place a-ter the 8or+er ha old hi labour'po8er, i3e3, a-ter he ha placed hi labour'po8er at the di po al o- the capitali t -or tipulated'8age F 8hether time'8age or piece' 8age A (he capitali t ta+e the labourer into hi 8or+ hop or -actor., 8here all the article re;uired -or the 8or+ can be -ound F ra8 material , au4iliar. material Hcoal, d.e tu-- , etc3I, tool , and machine 3 2ere, the 8or+er begin to 8or+3 2i dail. 8age are, a abo5e, C hilling , and it ma+e no di--erence 8hether he earn them a da.'8age or piece'8age 3 We again a ume that in 1/ hour the 8or+er add b. hi labour a ne8 5alue o- 1 hilling to the 5alue o- the ra8 material con umed, 8hich ne8 5alue the capitali t realiDe b. the ale o- the -ini hed piece o8or+3 Gut o- thi ne8 5alue, he pa. the 8or+er hi C hilling , and the remaining C hilling he +eep -or him el-3 >-, no8, the labourer create in 1/ hour a 5alue o- 1 hilling, in 1 hour he create a 5alue o- C hilling 3 Con e;uentl., a-ter 8or+ing 1 hour -or the capitali t, the labourer ha returned to him the e;ui5alent o- the C hilling recei5ed a 8age 3 %-ter 1 hour 7 8or+, both are ;uit , neither one o8ing a penn. to the other3 92old on thereJ: no8 crie out the capitali t3 9> ha5e hired the labourer -or a 8hole da., -or 1/ hour 3 ,ut 1 hour are onl. hal-'a'da.3 So 8or+ along li5el. there until the other 1 hour are at an end F onl. then 8ill 8e be e5en3: %nd, in -act, the labourer ha to ubmit to the condition o- the contract upon 8hich he entered o- 9hi o8n -ree 8ill:, and according to 8hich he bound him elto 8or+ 1/ 8hole hour -or a product o- labour 8hich co t onl. 1 hour 7 labour3 Similarl. 8ith piece'8age 3 Let u uppo e that in 1/ hour our 8or+er ma+e 1/ commoditie 3 ?ach o- the e co t a hilling in ra8 material and 8ear'and'tear, and i old -or /3& hilling 3 Gn

our -ormer a umption, the capitali t gi5e the labourer 3/& o- a hilling -or each piece, 8hich ma+e a total o- C hilling -or 1/ piece 3 (o earn thi , the 8or+er re;uire 1/ hour 3 (he capitali t recei5e C0 hilling -or the 1/ piece ; deducting /4 hilling -or ra8 material and 8ear'and'tear, there remain 1 hilling , o- 8hich he pa. C hilling in 8age and poc+et the remaining C3 @u t a be-oreJ 2ere, al o, the 8or+er labour 1 hour -or him el- F i3e3, to replace hi 8age Hhal-'an'hour in each o- the 1/ hour I, and 1 hour -or the capitali t3 (he roc+ upon 8hich the be t economi t 8ere tranded, a long a the. tarted out -rom the 5alue o- labour, 5ani he a oon a 8e ma+e our tarting'point the 5alue o- labour-power3 Labour'po8er i , in our pre ent'da. capitali t ociet., a commodit. li+e e5er. other commodit., but .et a 5er. peculiar commodit.3 >t ha , namel., the peculiarit. o- being a 5alue'creating -orce, the ource o- 5alue, and, moreo5er, 8hen properl. treated, the ource o- more 5alue than it po e e it el-3 >n the pre ent tate o- production, human labour'po8er not onl. produce in a da. a greater 5alue than it it el- po e e and co t ; but 8ith each ne8 cienti-ic di co5er., 8ith each ne8 technical in5ention, there al o ri e the urplu o- it dail. production o5er it dail. co t, 8hile a a con e;uence there dimini he that part o- the 8or+ing'da. in 8hich the labourer produce the e;ui5alent o- hi da.7 8age , and, on the other hand, lengthen that part o- the 8or+ing'da. in 8hich he mu t pre ent labour grati to the capitali t3 %nd thi i the economic con titution o- our entire modern ociet.: the 8or+ing cla alone produce all 5alue 3 For 5alue i onl. another e4pre ion -or labour, that e4pre ion, namel., b. 8hich i de ignated, in our capitali t ociet. o- toda., the amount o- ociall. nece ar. labour embodied in a particular commodit.3 ,ut, the e 5alue produced b. the 8or+er do not belong to the 8or+er 3 (he. belong to the o8ner o- the ra8 material , machine , tool , and mone., 8hich enable them to bu. the labour'po8er o- the 8or+ing cla 3 2ence, the 8or+ing cla get bac+ onl. a part o- the entire ma o- product produced b. it3 %nd, a 8e ha5e Bu t een, the other portion, 8hich the capitali t cla retain , and 8hich it ha to hare, at mo t, onl. 8ith the landlord cla , i increa ing 8ith e5er. ne8 di co5er. and in5ention, 8hile the hare 8hich -all to the 8or+ing cla Hper capitaI ri e but little and 5er. lo8l., or not at all, and under certain condition it ma. e5en -all3 ,ut, the e di co5erie and in5ention 8hich upplant one another 8ith e5er'increa ing peed, thi producti5ene o- human labour 8hich increa e -rom da. to da. to unheard'o- proportion , at la t gi5e ri e to a con-lict, in 8hich pre ent capitali tic econom. mu t go to ruin3 Gn the one hand, immea urable 8ealth and a uper-luidit. o- product 8ith 8hich the bu.er cannot cope3 Gn the other hand, the great ma o- ociet. proletarianiDed, tran -ormed into 8age'labourer , and thereb. di abled -rom appropriating to them el5e that uper-luidit. o- product 3 (he plitting up o- ociet. into a mall cla , immoderatel. rich, and a large cla o- 8age'labourer de5oid o- all propert., bring it about that thi ociet. mother in it o8n uper-luidit., 8hile the great maBorit. o- it member are carcel., or not at all, protected -rom e4treme 8ant3 (hi condition become e5er. da. more ab urd and more unnece ar.3 >t must be gotten rid o-; it can be gotten rid o-3 % ne8 ocial order i po ible, in 8hich the cla di--erence o- toda. 8ill ha5e di appeared, and in 8hich F perhap a-ter a hort tran ition period, 8hich, though ome8hat de-icient in other re pect , 8ill in an. ca e be 5er. u e-ul morall. F there 8ill be the mean oli-e, o- the enBo.ment o- li-e, and o- the de5elopment and acti5it. o- all bodil. and mental -acultie , through the . tematic u e and -urther de5elopment o- the enormou producti5e po8er o- ociet., 8hich e4i t 8ith u e5en no8, 8ith e;ual obligation upon all to 8or+3 %nd that the 8or+er are gro8ing e5er more determined to achie5e thi ne8 ocial order 8ill be pro5en on both ide o- the ocean on thi da8ning *a. Da., and on Sunda., *a. Crd3 <?ngel i re-erring to the *a. Da. celebration o- 1891=

FREDERIC EN!E"# "on$on% &pril '(% )*+),

Preliminary
From 5ariou ;uarter 8e ha5e been reproached -or neglecting to portra. the economic condition 8hich -orm the material ba i o- the pre ent truggle bet8een cla e and nation 3 With et purpo e 8e ha5e hitherto touched upon the e condition onl. 8hen the. -orced them el5e upon the ur-ace o- the political con-lict 3 >t 8a nece ar., be.ond e5er.thing el e, to -ollo8 the de5elopment o- the cla truggle in the hi tor. o- our o8n da., and to pro5e empiricall., b. the actual and dail. ne8l. created hi torical material, that 8ith the ubBugation o- the 8or+ing cla , accompli hed in the da. o- Februar. and *arch, 1848, the opponent o- that cla F the bourgeoi republican in France, and the bourgeoi and pea ant cla e 8ho 8ere -ighting -eudal ab oluti m throughout the 8hole continent o?urope F 8ere imultaneou l. con;uered; that the 5ictor. o- the 9moderate republic: in France ounded at the ame time the -all o- the nation 8hich had re ponded to the Februar. re5olution 8ith heroic 8ar o- independence; and -inall. that, b. the 5ictor. o5er the re5olutionar. 8or+ingmen, ?urope -ell bac+ into it old double la5er., into the ?ngli h'#u ian la5er.3 (he @une con-lict in !ari , the -all o- Eienna, the tragi'comed. in ,erlin in "o5ember 1848, the de perate e--ort o- !oland, >tal., and 2ungar., the tar5ation o- >reland into ubmi ion F the e 8ere the chie- e5ent in 8hich the ?uropean cla truggle bet8een the bourgeoi ie and the 8or+ing cla 8a ummed up, and -rom 8hich 8e pro5ed that e5er. re5olutionar. upri ing, ho8e5er remote -rom the cla truggle it obBect might appear, mu t o- nece it. -ail until the re5olutionar. 8or+ing cla hall ha5e con;uered; F that e5er. ocial re-orm mu t remain a Ltopia until the proletarian re5olution and the -eudali tic counter're5olution ha5e been pitted again t each other in a 8orld'8ide 8ar3 >n our pre entation, a in realit., ,elgium and S8itDerland 8ere tragicomic caricaturi h genre picture in the great hi toric tableau; the one the model State o- the bourgeoi monarch., the other the model State o- the bourgeoi republic; both o- them, State that -latter them el5e to be Bu t a -ree -rom the cla truggle a -rom the ?uropean re5olution3 ,ut no8, a-ter our reader ha5e een the cla truggle o- the .ear 1848 de5elop into colo al political proportion , it i time to e4amine more clo el. the economic condition them el5e upon 8hich i -ounded the e4i tence o- the capitali t cla and it cla rule, a 8ell a the la5er. othe 8or+er 3 We hall pre ent the ubBect in three great di5i ion : (he #elation o- Wage'Labour to Capital, the Sla5er. o- the Wor+er, the #ule o- the Capitali t3 (he >ne5itable #uin o- the *iddle Cla e <pett.'bourgeoi = and the o'called Common <pea ant = under the pre ent . tem3 (he Commercial SubBugation and ?4ploitation o- the ,ourgeoi cla e o- the 5ariou ?uropean nation b. the De pot o- the World *ar+et F ?ngland3 We hall ee+ to portra. thi a impl. and popularl. a po ible, and hall not pre uppo e a +no8ledge o- e5en the mo t elementar. notion o- political econom.3 We 8i h to be under tood b. the 8or+er 3 %nd, moreo5er, there pre5ail in 6erman. the mo t remar+able ignorance and con-u ion o- idea in regard to the imple t economic relation , -rom the patented de-ender oe4i ting condition , do8n to the ociali t 8onder'8or+er and the unrecogniDed political

geniu e , in 8hich di5ided 6erman. i e5en richer than in duodecimo princeling 3 We there-ore proceed to the con ideration o- the -ir t problem3

What are Wages !o" are they #etermined


>- e5eral 8or+men 8ere to be a +ed: 92o8 much 8age do .ou getA:, one 8ould repl., 9> get t8o hilling a da.:, and o on3 %ccording to the di--erent branche o- indu tr. in 8hich the. are emplo.ed, the. 8ould mention di--erent um o- mone. that the. recei5e -rom their re pecti5e emplo.er -or the completion o- a certain ta +; -or e4ample, -or 8ea5ing a .ard o- linen, or -or etting a page o- t.pe3 De pite the 5ariet. o- their tatement , the. 8ould all agree upon one point: that 8age are the amount o- mone. 8hich the capitali t pa. -or a certain period o- 8or+ or -or a certain amount o- 8or+3 Con e;uentl., it appear that the capitali t bu. their labour 8ith mone., and that -or mone. the. ell him their labour3 ,ut thi i merel. an illu ion3 What the. actuall. ell to the capitali t -or mone. i their labour'po8er3 (hi labour'po8er the capitali t bu. -or a da., a 8ee+, a month, etc3 %nd a-ter he ha bought it, he u e it up b. letting the 8or+er labour during the tipulated time3 With the ame amount o- mone. 8ith 8hich the capitali t ha bought their labour'po8er H-or e4ample, 8ith t8o hilling I he could ha5e bought a certain amount o- ugar or o- an. other commodit.3 (he t8o hilling 8ith 8hich he bought /0 pound o- ugar i the price o- the /0 pound o- ugar3 (he t8o hilling 8ith 8hich he bought 1/ hour M u e o- labour'po8er, i the price o- 1/ hour M labour3 Labour'po8er, then, i a commodit., no more, no le o than i the ugar3 (he -ir t i mea ured b. the cloc+, the other b. the cale 3 (heir commodit., labour'po8er, the 8or+er e4change -or the commodit. o- the capitali t, -or mone., and, moreo5er, thi e4change ta+e place at a certain ratio3 So much mone. -or o long a u e o- labour'po8er3 For 1/ hour M 8ea5ing, t8o hilling 3 %nd the e t8o hilling , do the. not repre ent all the other commoditie 8hich > can bu. -or t8o hilling A (here-ore, actuall., the 8or+er ha e4changed hi commodit., labour'po8er, -or commoditie o- all +ind , and, moreo5er, at a certain ratio3 ,. gi5ing him t8o hilling , the capitali t ha gi5en him o much meat, o much clothing, o much 8ood, light, etc3, in e4change -or hi da.M 8or+3 (he t8o hilling there-ore e4pre the relation in 8hich labour'po8er i e4changed -or other commoditie , the e4change'5alue o- labour'po8er3 (he e4change 5alue o- a commodit. e timated in mone. i called it price3 Wage there-ore are onl. a pecial name -or the price o- labour'po8er, and are u uall. called the price o- labour; it i the pecial name -or the price o- thi peculiar commodit., 8hich ha no other repo itor. than human -le h and blood3 Let u ta+e an. 8or+er; -or e4ample, a 8ea5er3 (he capitali t upplie him 8ith the loom and .arn3 (he 8ea5er applie him el- to 8or+, and the .arn i turned into cloth3 (he capitali t ta+e po e ion o- the cloth and ell it -or /0 hilling , -or e4ample3 "o8 are the 8age o- the 8ea5er a hare o- the cloth, o- the /0 hilling , o- the product o- the 8or+A ,. no mean 3 Long be-ore the cloth i old, perhap long be-ore it i -ull. 8o5en, the 8ea5er ha recei5ed hi 8age 3 (he capitali t, then, doe not pa. hi 8age out o- the mone. 8hich he 8ill obtain -rom the cloth, but out o- mone. alread. on hand3 @u t a little a loom and .arn are the product o- the 8ea5er to 8hom the. are upplied b. the emplo.er, Bu t o little are the commoditie 8hich he recei5e in e4change -or hi commodit. F labour'po8er F hi product3 >t i po ible that the emplo.er -ound

no purcha er at all -or the cloth3 >t i po ible that he did not get e5en the amount o- the 8age b. it ale3 >t i po ible that he ell it 5er. pro-itabl. in proportion to the 8ea5erM 8age 3 ,ut all that doe not concern the 8ea5er3 With a part o- hi e4i ting 8ealth, o- hi capital, the capitali t bu. the labour'po8er o- the 8ea5er in e4actl. the ame manner a , 8ith another part o- hi 8ealth, he ha bought the ra8 material F the .arn F and the in trument o- labour F the loom3 %-ter he ha made the e purcha e , and among them belong the labour'po8er nece ar. to the production o- the cloth he produce onl. 8ith ra8 material and in trument o- labour belonging to him3 For our good 8ea5er, too, i one o- the in trument o- labour, and being in thi re pect on a par 8ith the loom, he ha no more hare in the product Hthe clothI, or in the price o- the product, than the loom it el- ha 3 Wage , there-ore, are not a hare o- the 8or+er in the commoditie produced b. him el-3 Wage are that part o- alread. e4i ting commoditie 8ith 8hich the capitali t bu. a certain amount oproducti5e labour'po8er3 Con e;uentl., labour'po8er i a commodit. 8hich it po e or, the 8age'8or+er, ell to the capitali t3 Wh. doe he ell itA >t i in order to li5e3 ,ut the putting o- labour'po8er into action F i3e3, the 8or+ F i the acti5e e4pre ion o- the labourerM o8n li-e3 %nd thi li-e acti5it. he ell to another per on in order to ecure the nece ar. mean o- li-e3 2i li-e'acti5it., there-ore, i but a mean o- ecuring hi o8n e4i tence3 2e 8or+ that he ma. +eep ali5e3 2e doe not count the labour it el- a a part o- hi li-e; it i rather a acri-ice o- hi li-e3 >t i a commodit. that he ha auctioned o-- to another3 (he product ohi acti5it., there-ore, i not the aim o- hi acti5it.3 What he produce -or him el- i not the il+ that he 8ea5e , not the gold that he dra8 up the mining ha-t, not the palace that he build 3 What he produce -or him el- i 8age ; and the il+, the gold, and the palace are re ol5ed -or him into a certain ;uantit. o- nece arie o- li-e, perhap into a cotton Bac+et, into copper coin , and into a ba ement d8elling3 %nd the labourer 8ho -or 1/ hour long, 8ea5e , pin , bore , turn , build , ho5el , brea+ tone, carrie hod , and o on F i thi 1/ hour M 8ea5ing, pinning, boring, turning, building, ho5elling, tone'brea+ing, regarded b. him a a mani-e tation o- li-e, a li-eA Nuite the contrar.3 Li-e -or him begin 8here thi acti5it. cea e , at the table, at the ta5ern, in bed3 (he 1/ hour M 8or+, on the other hand, ha no meaning -or him a 8ea5ing, pinning, boring, and o on, but onl. a earning , 8hich enable him to it do8n at a table, to ta+e hi eat in the ta5ern, and to lie do8n in a bed3 >- the il+'8ormM obBect in pinning 8ere to prolong it e4i tence a caterpillar, it 8ould be a per-ect e4ample o- a 8age'8or+er3 Labour'po8er 8a not al8a. a commodit. Hmerchandi eI3 Labour 8a not al8a. 8age'labour, i3e3, -ree labour3 (he la5e did not ell hi labour'po8er to the la5e'o8ner, an. more than the o4 ell hi labour to the -armer3 (he la5e, together 8ith hi labour'po8er, 8a old to hi o8ner once -or all3 2e i a commodit. that can pa -rom the hand o- one o8ner to that o- another3 2e him el- i a commodit., but hi labour'po8er i not hi commodit.3 (he er- ell onl. a portion o- hi labour'po8er3 >t i not he 8ho recei5e 8age -rom the o8ner o- the land; it i rather the o8ner o- the land 8ho recei5e a tribute -rom him3 (he er- belong to the oil, and to the lord othe oil he bring it -ruit3 (he -ree labourer, on the other hand, ell hi 5er. el-, and that b. -raction 3 2e auction o-- eight, 10, 1/, 1& hour o- hi li-e, one da. li+e the ne4t, to the highe t bidder, to the o8ner o- ra8 material , tool , and the mean o- li-e F i3e3, to the capitali t3 (he labourer belong neither to an o8ner nor to the oil, but eight, 10, 1/, 1& hour o- hi dail. li-e belong to 8hom oe5er bu. them3 (he 8or+er lea5e the capitali t, to 8hom he ha old him el-, a o-ten a he choo e , and the capitali t di charge him a o-ten a he ee -it, a oon a he no longer get an. u e, or not the re;uired u e, out o- him3 ,ut the 8or+er, 8ho e onl. ource oincome i the ale o- hi labour'po8er, cannot lea5e the 8hole cla o- bu.er , i3e3, the capitali t cla , unle he gi5e up hi o8n e4i tence3 2e doe not belong to thi or that capitali t, but to the capitali t cla ; and it i -or him to -ind hi man F i3e3, to -ind a bu.er in thi capitali t cla 3

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,e-ore entering more clo el. upon the relation o- capital to 8age'labour, 8e hall pre ent brie-l. the mo t general condition 8hich come into con ideration in the determination o- 8age 3 Wage , a 8e ha5e een, are the price o- a certain commodit., labour'po8er3 Wage , there-ore, are determined b. the ame la8 that determine the price o- e5er. other commodit.3 (he ;ue tion then i , 2o8 i the price o- a commodit. determinedA

$y "hat is the price o% a commodity determined


,. the competition bet8een bu.er and eller , b. the relation o- the demand to the uppl., o- the call to the o--er3 (he competition b. 8hich the price o- a commodit. i determined i three-old3 (he ame commodit. i o--ered -or ale b. 5ariou eller 3 Whoe5er ell commoditie o- the ame ;ualit. mo t cheapl., i ure to dri5e the other eller -rom the -ield and to ecure the greate t mar+et -or him el-3 (he eller there-ore -ight among them el5e -or the ale , -or the mar+et3 ?ach one o- them 8i he to ell, and to ell a much a po ible, and i- po ible to ell alone, to the e4clu ion o- all other eller 3 ?ach one ell cheaper than the other3 (hu there ta+e place a competition among the eller 8hich -orce do8n the price o- the commoditie o--ered b. them3 ,ut there i al o a competition among the bu.er ; thi upon it ide cau e the price o- the pro--ered commoditie to ri e3 Finall., there i competition bet8een the bu.er and the eller : the e 8i h to purcha e a cheapl. a po ible, tho e to ell a dearl. a po ible3 (he re ult o- thi competition bet8een bu.er and eller 8ill depend upon the relation bet8een the t8o abo5e'mentioned camp o- competitor F i3e3, upon 8hether the competition in the arm. o- eller i tronger3 >ndu tr. lead t8o great armie into the -ield again t each other, and each o- the e again i engaged in a battle among it o8n troop in it o8n ran+ 3 (he arm. among 8ho e troop there i le -ighting, carrie o-- the 5ictor. o5er the oppo ing ho t3 Let u uppo e that there are 100 bale o- cotton in the mar+et and at the ame time purcha er -or 1,000 bale o- cotton3 >n thi ca e, the demand i 10 time greater than the uppl.3 Competition among the bu.er , then, 8ill be 5er. trong; each o- them trie to get hold o- one bale, i- po ible, o- the 8hole 100 bale 3 (hi e4ample i no arbitrar. uppo ition3 >n the hi tor. o- commerce 8e ha5e e4perienced period o- carcit. o- cotton, 8hen ome capitali t united together and ought to bu. up not 100 bale , but the 8hole cotton uppl. o- the 8orld3 >n the gi5en ca e, then, one bu.er ee+ to dri5e the other -rom the -ield b. o--ering a relati5el. higher price -or the bale ocotton3 (he cotton eller , 8ho percei5e the troop o- the enem. in the mo t 5iolent contention among them el5e , and 8ho there-ore are -ull. a ured o- the ale o- their 8hole 100 bale , 8ill be8are o- pulling one anotherM hair in order to -orce do8n the price o- cotton at the 5er. moment in 8hich their opponent race 8ith one another to cre8 it up high3 So, all o- a udden, peace reign in the arm. o- eller 3 (he. tand oppo ed to the bu.er li+e one man, -old their arm in philo ophic contentment and their claim 8ould -ind no limit did not the o--er o- e5en the mo t importunate o- bu.er ha5e a 5er. de-inite limit3 >-, then, the uppl. o- a commodit. i le than the demand -or it, competition among the eller i 5er. light, or there ma. be none at all among them3 >n the ame proportion in 8hich thi competition decrea e , the competition among the bu.er increa e 3 #e ult: a more or le con iderable ri e in the price o- commoditie 3

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>t i 8ell +no8n that the oppo ite ca e, 8ith the oppo ite re ult, happen more -re;uentl.3 6reat e4ce o- uppl. o5er demand; de perate competition among the eller , and a lac+ o- bu.er ; -orced ale o- commoditie at ridiculou l. lo8 price 3 ,ut 8hat i a ri e, and 8hat a -all o- price A What i a high and 8hat a lo8 priceA % grain o- and i high 8hen e4amined through a micro cope, and a to8er i lo8 8hen compared 8ith a mountain3 %nd i- the price i determined b. the relation o- uppl. and demand, b. 8hat i the relation o- uppl. and demand determinedA Let u turn to the -ir t 8orth. citiDen 8e meet3 2e 8ill not he itate one moment, but, li+e %le4ander the 6reat, 8ill cut thi metaph. ical +not 8ith hi multiplication table3 2e 8ill a. to u : 9>- the production o- the commoditie 8hich > ell ha co t me 100 pound , and out o- the ale o- the e good > ma+e 110 pound F 8ithin the .ear, .ou under tand F thatM an hone t, ound, rea onable pro-it3 ,ut i- in the e4change > recei5e 1/0 or 1C0 pound , thatM a higher pro-it; and i> hould get a much a /00 pound , that 8ould be an e4traordinar., and enormou pro-it3: What i it, then, that er5e thi citiDen a the tandard o- hi pro-itA (he co t o- the production o- hi commoditie 3 >- in e4change -or the e good he recei5e a ;uantit. o- other good 8ho e production ha co t le , he ha lo t3 >- he recei5e in e4change -or hi good a ;uantit. o- other good 8ho e production ha co t more, he ha gained3 %nd he rec+on the -alling or ri ing o- the pro-it according to the degree at 8hich the e4change 5alue o- hi good tand , 8hether abo5e or belo8 hi Dero F the co t o- production3 We ha5e een ho8 the changing relation o- uppl. and demand cau e no8 a ri e, no8 a -all oprice ; no8 high, no8 lo8 price 3 >- the price o- a commodit. ri e con iderabl. o8ing to a -ailing uppl. or a di proportionatel. gro8ing demand, then the price o- ome other commodit. mu t ha5e -allen in proportion; -or o- cour e the price o- a commodit. onl. e4pre e in mone. the proportion in 8hich other commoditie 8ill be gi5en in e4change -or it3 >-, -or e4ample, the price o- a .ard o- il+ ri e -rom t8o to three hilling , the price o- il5er ha -allen in relation to the il+, and in the ame 8a. the price o- all other commoditie 8ho e price ha5e remained tationar. ha5e -allen in relation to the price o- il+3 % large ;uantit. o- them mu t be gi5en in e4change in order to obtain the ame amount o- il+3 "o8, 8hat 8ill be the con e;uence o- a ri e in the price o- a particular commodit.A % ma o- capital 8ill be thro8n into the pro perou branch o- indu tr., and thi immigration o- capital into the pro5ince o- the -a5ored indu tr. 8ill continue until it .ield no more than the cu tomar. pro-it , or, rather until the price o- it product , o8ning to o5erproduction, in+ belo8 the co t o- production3 Con5er el.: i- the price o- a commodit. -all belo8 it co t o- production, then capital 8ill be 8ithdra8n -rom the production o- thi commodit.3 ?4cept in the ca e o- a branch o- indu tr. 8hich ha become ob olete and i there-ore doomed to di appear, the production o- uch a commodit. Hthat i , it uppl.I, 8ill, o8ning to thi -light o- capital, continue to decrea e until it corre pond to the demand, and the price o- the commodit. ri e again to the le5el o- it co t oproduction; or, rather, until the uppl. ha -allen belo8 the demand and it price ha ri en abo5e it co t o- production, -or the current price o- a commodit. i al8a. either abo5e or belo8 it co t o- production3 We ee ho8 capital continuall. emigrate out o- the pro5ince o- one indu tr. and immigrate into that o- another3 (he high price produce an e4ce i5e immigration, and the lo8 price an e4ce i5e emigration3 We could ho8, -rom another point o- 5ie8, ho8 not onl. the uppl., but al o the demand, i determined b. the co t o- production3 ,ut thi 8ould lead u too -ar a8a. -rom our ubBect3 We ha5e Bu t een ho8 the -luctuation o- uppl. and demand al8a. bring the price o- a commodit. bac+ to it co t o- production3 (he actual price o- a commodit., indeed, tand al8a. abo5e or belo8 the co t o- production; but the ri e and -all reciprocall. balance each other, o

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that, 8ithin a certain period o- time, i- the ebb and -lo8 o- the indu tr. are rec+oned up together, the commoditie 8ill be e4changed -or one another in accordance 8ith their co t oproduction3 (heir price i thu determined b. their co t o- production3 (he determination o- price b. the co t o- production i not to be under tood in the en e o- the bourgeoi economi t 3 (he economi t a. that the a5erage price o- commoditie e;ual the co t o- production: that i the la83 (he anarchic mo5ement, in 8hich the ri e i compen ated -or b. a -all and the -all b. a ri e, the. regard a an accident3 We might Bu t a 8ell con ider the -luctuation a the la8, and the determination o- the price b. co t o- production a an accident F a i , in -act, done b. certain other economi t 3 ,ut it i preci el. the e -luctuation 8hich, 5ie8ed more clo el., carr. the mo t -right-ul de5a tation in their train, and, li+e an earth;ua+e, cau e bourgeoi ociet. to ha+e to it 5er. -oundation F it i preci el. the e -luctuation that -orce the price to con-orm to the co t o- production3 >n the totalit. o- thi di orderl. mo5ement i to be -ound it order3 >n the total cour e o- thi indu trial anarch., in thi circular mo5ement, competition balance , a it 8ere, the one e4tra5agance b. the other3 We thu ee that the price o- a commodit. i indeed determined b. it co t o- production, but in uch a manner that the period in 8hich the price o- the e commoditie ri e abo5e the co t oproduction are balanced b. the period in 8hich it in+ belo8 the co t o- production, and 5ice 5er a3 G- cour e thi doe not hold good -or a ingle gi5en product o- an indu tr., but onl. -or that branch o- indu tr.3 So al o it doe not hold good -or an indi5idual manu-acturer, but onl. -or the 8hole cla o- manu-acturer 3 (he determination o- price b. co t o- production i tantamount to the determination o- price b. the labour'time re;ui ite to the production o- a commodit., -or the co t o- production con i t , -ir t o- ra8 material and 8ear and tear o- tool , etc3, i3e3, o- indu trial product 8ho e production ha co t a certain number o- 8or+'da. , 8hich there-ore repre ent a certain amount o- labour' time, and, econdl., o- direct labour, 8hich i al o mea ured b. it duration3

$y "hat are "ages determined


"o8, the ame general la8 8hich regulate the price o- commoditie in general, naturall. regulate 8age , or the price o- labour'po8er3 Wage 8ill no8 ri e, no8 -all, according to the relation o- uppl. and demand, according a competition hape it el- bet8een the bu.er olabour'po8er, the capitali t , and the eller o- labour'po8er, the 8or+er 3 (he -luctuation o8age corre pond to the -luctuation in the price o- commoditie in general3 ,ut 8ithin the limit o- the e -luctuation the price o- labour'po8er 8ill be determined b. the co t o- production, b. the labour'time nece ar. -or production o- thi commodit.: labour'po8er3 What, then, i the co t o- production o- labour'po8erA >t i the co t re;uired -or the maintenance o- the labourer a a labourer, and -or hi education and training a a labourer3 (here-ore, the horter the time re;uired -or training up to a particular ort o- 8or+, the maller i the co t o- production o- the 8or+er, the lo8er i the price o- hi labour'po8er, hi 8age 3 >n tho e branche o- indu tr. in 8hich hardl. an. period o- apprentice hip i nece ar. and the mere bodil. e4i tence o- the 8or+er i u--icient, the co t o- hi production i limited almo t e4clu i5el. to the commoditie nece ar. -or +eeping him in 8or+ing condition3 (he price o- hi 8or+ 8ill there-ore be determined b. the price o- the nece ar. mean o- ub i tence3 2ere, ho8e5er, there enter another con ideration3 (he manu-acturer 8ho calculate hi co t oproduction and, in accordance 8ith it, the price o- the product, ta+e into account the 8ear and

1C

tear o- the in trument o- labour3 >- a machine co t him, -or e4ample, 1,000 hilling , and thi machine i u ed up in 10 .ear , he add 100 hilling annuall. to the price o- the commoditie , in order to be able a-ter 10 .ear to replace the 8orn'out machine 8ith a ne8 one3 >n the ame manner, the co t o- production o- imple labour'po8er mu t include the co t o- propagation, b. mean o- 8hich the race o- 8or+er i enabled to multipl. it el-, and to replace 8orn'out 8or+er 8ith ne8 one 3 (he 8ear and tear o- the 8or+er, there-ore, i calculated in the ame manner a the 8ear and tear o- the machine3 (hu , the co t o- production o- imple labour'po8er amount to the co t o- the e4i tence and propagation o- the 8or+er3 (he price o- thi co t o- e4i tence and propagation con titute 8age 3 (he 8age thu determined are called the minimum o- 8age 3 (hi minimum 8age, li+e the determination o- the price o- commoditie in general b. co t o- production, doe not hold good -or the ingle indi5idual, but onl. -or the race3 >ndi5idual 8or+er , indeed, million o- 8or+er , do not recei5e enough to be able to e4i t and to propagate them el5e ; but the 8age o- the 8hole 8or+ing cla adBu t them el5e , 8ithin the limit o- their -luctuation , to thi minimum3 "o8 that 8e ha5e come to an under tanding in regard to the mo t general la8 8hich go5ern 8age , a 8ell a the price o- e5er. other commodit., 8e can e4amine our ubBect more particularl.3

&he 'ature and (ro"th o% Capital


Capital con i t o- ra8 material , in trument o- labour, and mean o- ub i tence o- all +ind , 8hich are emplo.ed in producing ne8 ra8 material , ne8 in trument , and ne8 mean oub i tence3 %ll the e component o- capital are created b. labour, product o- labour, accumulated labour3 %ccumulated labour that er5e a a mean to ne8 production i capital3 So a. the economi t 3 What i a "egro la5eA % man o- the blac+ race3 (he one e4planation i 8orth. o- the other3 % "egro i a "egro3 Gnl. under certain condition doe he become a la5e3 % cotton' pinning machine i a machine -or pinning cotton3 Gnl. under certain condition doe it become capital3 (orn a8a. -rom the e condition , it i a little capital a gold i it el- mone., or ugar i the price o- ugar3 >n the proce o- production, human being 8or+ not onl. upon nature, but al o upon one another3 (he. produce onl. b. 8or+ing together in a peci-ied manner and reciprocall. e4changing their acti5itie 3 >n order to produce, the. enter into de-inite connection and relation to one another, and onl. 8ithin the e ocial connection and relation doe their in-luence upon nature operate F i3e3, doe production ta+e place3 (he e ocial relation bet8een the producer , and the condition under 8hich the. e4change their acti5itie and hare in the total act o- production, 8ill naturall. 5ar. according to the character othe mean o- production3 With the di co5er o- a ne8 in trument o- 8ar-are, the -irearm, the 8hole internal organiDation o- the arm. 8a nece aril. altered, the relation 8ithin 8hich indi5idual compo e an arm. and can 8or+ a an arm. 8ere tran -ormed, and the relation o- di--erent armie to another 8a li+e8i e changed3 We thu ee that the ocial relation 8ithin 8hich indi5idual produce, the ocial relation oproduction, are altered, tran -ormed, 8ith the change and de5elopment o- the material mean oproduction, o- the -orce o- production3 (he relation o- production in their totalit. con titute 8hat i called the ocial relation , ociet., and, moreo5er, a ociet. at a de-inite tage o- hi torical

14

de5elopment, a ociet. 8ith peculiar, di tincti5e characteri tic 3 %ncient ociet., -eudal ociet., bourgeoi Hor capitali tI ociet., are uch totalitie o- relation o- production, each o- 8hich denote a particular tage o- de5elopment in the hi tor. o- man+ind3 Capital al o i a ocial relation o- production3 >t i a bourgeoi relation o- production, a relation oproduction o- bourgeoi ociet.3 (he mean o- ub i tence, the in trument o- labour, the ra8 material , o- 8hich capital con i t F ha5e the. not been produced and accumulated under gi5en ocial condition , 8ithin de-inite pecial relation A %re the. not emplo.ed -or ne8 production, under gi5en pecial condition , 8ithin de-inite ocial relation A %nd doe not Bu t the de-inite ocial character tamp the product 8hich er5e -or ne8 production a capitalA Capital con i t not onl. o- mean o- ub i tence, in trument o- labour, and ra8 material , not onl. a material product ; it con i t Bu t a much o- e4change 5alue 3 %ll product o- 8hich it con i t are commoditie 3 Capital, con e;uentl., i not onl. a um o- material product , it i a um o- commoditie , o- e4change 5alue , o- ocial magnitude 3 Capital remain the ame 8hether 8e put cotton in the place o- 8ool, rice in the place o- 8heat, team hip in the place o- railroad , pro5ided onl. that the cotton, the rice, the team hip F the bod. o- capital F ha5e the ame e4change 5alue, the ame price, a the 8ool, the 8heat, the railroad , in 8hich it 8a pre5iou l. embodied3 (he bodil. -orm o- capital ma. tran -orm it el- continuall., 8hile capital doe not u--er the lea t alteration3 ,ut though e5er. capital i a um o- commoditie F i3e3, o- e4change 5alue F it doe not -ollo8 that e5er. um o- commoditie , o- e4change 5alue , i capital3 ?5er. um o- e4change 5alue i an e4change 5alue3 ?ach particular e4change 5alue i a um oe4change 5alue 3 For e4ample: a hou e 8orth 1,000 pound i an e4change 5alue o- 1,000 pound : a piece o- paper 8orth one penn. i a um o- e4change 5alue o- 100 1)100th o- a penn.3 !roduct 8hich are e4changeable -or other are commoditie 3 (he de-inite proportion in 8hich the. are e4changeable -orm their e4change 5alue, or, e4pre ed in mone., their price3 (he ;uantit. o- the e product can ha5e no e--ect on their character a commoditie , a repre enting an e4change 5alue , a ha5ing a certain price3 Whether a tree be large or mall, it remain a tree3 Whether 8e e4change iron in penn.8eight or in hundred8eight , -or other product , doe thi alter it character: it being a commodit., or e4change 5alueA %ccording to the ;uantit., it i a commodit. o- greater or o- le er 5alue, o- higher or o- lo8er price3 2o8 then doe a um o- commoditie , o- e4change 5alue , become capitalA (hereb., that a an independent ocial po8er F i3e3, a the po8er o- a part o- ociet. F it pre er5e it el- and multiplie b. e4change 8ith direct, li5ing labour'po8er3 (he e4i tence o- a cla 8hich po e e nothing but the abilit. to 8or+ i a nece ar. pre uppo ition o- capital3 >t i onl. the dominion o- pa t, accumulated, materialiDed labour o5er immediate li5ing labour that tamp the accumulated labour 8ith the character o- capital3 Capital doe not con i t in the -act that accumulated labour er5e li5ing labour a a mean -or ne8 production3 >t con i t in the -act that li5ing labour er5e accumulated labour a the mean o- pre er5ing and multipl.ing it e4change 5alue3

)elation o% Wage*Labour to Capital


What i it that ta+e place in the e4change bet8een the capitali t and the 8age'labourerA

1&

(he labourer recei5e mean o- ub i tence in e4change -or hi labour'po8er; the capitali t recei5e , in e4change -or hi mean o- ub i tence, labour, the producti5e acti5it. o- the labourer, the creati5e -orce b. 8hich the 8or+er not onl. replace 8hat he con ume , but al o gi5e to the accumulated labour a greater 5alue than it pre5iou l. po e ed3 (he labourer get -rom the capitali t a portion o- the e4i ting mean o- ub i tence3 For 8hat purpo e do the e mean oub i tence er5e himA For immediate con umption3 ,ut a oon a > con ume mean oub i tence, the. are irre5ocabl. lo t to me, unle > emplo. the time during 8hich the e mean u tain m. li-e in producing ne8 mean o- ub i tence, in creating b. m. labour ne8 5alue in place o- the 5alue lo t in con umption3 ,ut it i Bu t thi noble reproducti5e po8er that the labourer urrender to the capitali t in e4change -or mean o- ub i tence recei5ed3 Con e;uentl., he ha lo t it -or him el-3 Let u ta+e an e4ample3 For one hilling a labourer 8or+ all da. long in the -ield o- a -armer, to 8hom he thu ecure a return o- t8o hilling 3 (he -armer not onl. recei5e the replaced 5alue 8hich he ha gi5en to the da. labourer, he ha doubled it3 (here-ore, he ha con umed the one hilling that he ga5e to the da. labourer in a -ruit-ul, producti5e manner3 For the one hilling he ha bought the labour'po8er o- the da.'labourer, 8hich create product o- the oil o- t8ice the 5alue, and out o- one hilling ma+e t8o3 (he da.'labourer, on the contrar., recei5e in the place o- hi producti5e -orce, 8ho e re ult he ha Bu t urrendered to the -armer, one hilling, 8hich he e4change -or mean o- ub i tence, 8hich he con ume more or le ;uic+l.3 (he one hilling ha there-ore been con umed in a double manner F reproducti5el. -or the capitali t, -or it ha been e4changed -or labour'po8er, 8hich brought -orth t8o hilling ; unproducti5el. -or the 8or+er, -or it ha been e4changed -or mean o- ub i tence 8hich are lo t -or e5er, and 8ho e 5alue he can obtain again onl. b. repeating the ame e4change 8ith the -armer3 Capital there-ore pre uppo e 8age'labour; 8age'labour pre uppo e capital3 (he. condition each other; each bring the other into e4i tence3 Doe a 8or+er in a cotton -actor. produce onl. cottonA "o3 2e produce capital3 2e produce 5alue 8hich er5e ane8 to command hi 8or+ and to create b. mean o- it ne8 5alue 3 Capital can multipl. it el- onl. b. e4changing it el- -or labour'po8er, b. calling 8age'labour into li-e3 (he labour'po8er o- the 8age'labourer can e4change it el- -or capital onl. b. increa ing capital, b. trengthening that 5er. po8er 8ho e la5e it i 3 >ncrea e o- capital, there-ore, i increa e o- the proletariat, i3e3, o- the 8or+ing cla 3 %nd o, the bourgeoi ie and it economi t maintain that the intere t o- the capitali t and o- the labourer i the ame3 %nd in -act, o the. areJ (he 8or+er peri he i- capital doe not +eep him bu .3 Capital peri he i- it doe not e4ploit labour'po8er, 8hich, in order to e4ploit, it mu t bu.3 (he more ;uic+l. the capital de tined -or production F the producti5e capital F increa e , the more pro perou indu tr. i , the more the bourgeoi ie enriche it el-, the better bu ine get , o man. more 8or+er doe the capitali t need, o much the dearer doe the 8or+er ell him el-3 (he -a te t po ible gro8th o- producti5e capital i , there-ore, the indi pen able condition -or a tolerable li-e to the labourer3 ,ut 8hat i gro8th o- producti5e capitalA 6ro8th o- the po8er o- accumulated labour o5er li5ing labour; gro8th o- the rule o- the bourgeoi ie o5er the 8or+ing cla 3 When 8age'labour produce the alien 8ealth dominating it, the po8er ho tile to it, capital, there -lo8 bac+ to it it mean oemplo.ment F i3e3, it mean o- ub i tence, under the condition that it again become a part ocapital, that i become again the le5er 8hereb. capital i to be -orced into an accelerated e4pan i5e mo5ement3 (o a. that the intere t o- capital and the intere t o- the 8or+er are identical, igni-ie onl. thi : that capital and 8age'labour are t8o ide o- one and the ame relation3 (he one condition the other in the ame 8a. that the u urer and the borro8er condition each other3

11

% long a the 8age'labourer remain a 8age'labourer, hi lot i dependent upon capital3 (hat i 8hat the boa ted communit. o- intere t bet8een 8or+er and capitali t amount to3 >- capital gro8 , the ma o- 8age'labour gro8 , the number o- 8age'8or+er increa e ; in a 8ord, the 8a. o- capital e4tend o5er a greater ma o- indi5idual 3 Let u uppo e the mo t -a5orable ca e: i- producti5e capital gro8 , the demand -or labour gro8 3 >t there-ore increa e the price o- labour'po8er, 8age 3 % hou e ma. be large or mall; a long a the neighboring hou e are li+e8i e mall, it ati -ie all ocial re;uirement -or a re idence3 ,ut let there ari e ne4t to the little hou e a palace, and the little hou e hrin+ to a hut3 (he little hou e no8 ma+e it clear that it inmate ha no ocial po ition at all to maintain, or but a 5er. in igni-icant one; and ho8e5er high it ma. hoot up in the cour e o- ci5iliDation, i- the neighboring palace ri e in e;ual or e5en in greater mea ure, the occupant o- the relati5el. little hou e 8ill al8a. -ind him el- more uncom-ortable, more di ati -ied, more cramped 8ithin hi -our 8all 3 %n appreciable ri e in 8age pre uppo e a rapid gro8th o- producti5e capital3 #apid gro8th oproducti5e capital call -orth Bu t a rapid a gro8th o- 8ealth, o- lu4ur., o- ocial need and ocial plea ure 3 (here-ore, although the plea ure o- the labourer ha5e increa ed, the ocial grati-ication 8hich the. a--ord ha -allen in compari on 8ith the increa ed plea ure o- the capitali t, 8hich are inacce ible to the 8or+er, in compari on 8ith the tage o- de5elopment oociet. in general3 Gur 8ant and plea ure ha5e their origin in ociet.; 8e there-ore mea ure them in relation to ociet.; 8e do not mea ure them in relation to the obBect 8hich er5e -or their grati-ication3 Since the. are o- a ocial nature, the. are o- a relati5e nature3 ,ut 8age are not at all determined merel. b. the um o- commoditie -or 8hich the. ma. be e4changed3 Gther -actor enter into the problem3 What the 8or+er directl. recei5e -or their labour'po8er i a certain um o- mone.3 %re 8age determined merel. b. thi mone. priceA >n the 11th centur., the gold and il5er circulation in ?urope increa ed in con e;uence o- the di co5er. o- richer and more ea il. 8or+ed mine in %merica3 (he 5alue o- gold and il5er, there-ore, -ell in relation to other commoditie 3 (he 8or+er recei5ed the ame amount o- coined il5er -or their labour'po8er a be-ore3 (he mone. price o- their 8or+ remained the ame, and .et their 8age had -allen, -or in e4change -or the ame amount o- il5er the. obtained a maller amount o- other commoditie 3 (hi 8a one o- the circum tance 8hich -urthered the gro8th ocapital, the ri e o- the bourgeoi ie, in the 18th centur.3 Let u ta+e another ca e3 >n the 8inter o- 1847, in con e;uence o- bad har5e t, the mo t indi pen able mean o- ub i tence F grain , meat, butter, chee e, etc3 F ro e greatl. in price3 Let u uppo e that the 8or+er till recei5ed the ame um o- mone. -or their labour'po8er a be-ore3 Did not their 8age -allA (o be ure3 For the ame mone. the. recei5ed in e4change le bread, meat, etc3 (heir 8age -ell, not becau e the 5alue o- il5er 8a le , but becau e the 5alue o- the mean o- ub i tence had increa ed3 Finall., let u uppo e that the mone. price o- labour'po8er remained the ame, 8hile all agricultural and manu-actured commoditie had -allen in price becau e o- the emplo.ment o- ne8 machine , o- -a5orable ea on , etc3 For the ame mone. the 8or+er could no8 bu. more commoditie o- all +ind 3 (heir 8age ha5e there-ore ri en, Bu t becau e their mone. 5alue ha not changed3 (he mone. price o- labour'po8er, the nominal 8age , do not there-ore coincide 8ith the actual or real 8age F i3e3, 8ith the amount o- commoditie 8hich are actuall. gi5en in e4change -or the 8age 3 >- then 8e pea+ o- a ri e or -all o- 8age , 8e ha5e to +eep in mind not onl. the mone. price o- labour'po8er, the nominal 8age , but al o the real 8age 3

17

,ut neither the nominal 8age F i3e3, the amount o- mone. -or 8hich the labourer ell him el- to the capitali t F nor the real 8age F i3e3, the amount o- commoditie 8hich he can bu. -or thi mone. F e4hau t the relation 8hich are comprehended in the term 8age 3 Wage are determined abo5e all b. their relation to the gain, the pro-it, o- the capitali t3 >n other 8ord , 8age are a proportionate, relati5e ;uantit.3 #eal 8age e4pre the price o- labour'po8er in relation to the price o- commoditie ; relati5e 8age , on the other hand, e4pre the hare o- immediate labour in the 5alue ne8l. created b. it, in relation to the hare o- it 8hich -all to accumulated labour, to capital3

&he (eneral La" that #etermines the )ise and +all o% Wages and Pro%its
We ha5e aid: 9Wage are not a hare o- the 8or+er in the commoditie produced b. him3 Wage are that part o- alread. e4i ting commoditie 8ith 8hich the capitali t bu. a certain amount oproducti5e labour'po8er3: ,ut the capitali t mu t replace the e 8age out o- the price -or 8hich he ell the product made b. the 8or+er; he mu t o replace it that, a a rule, there remain to him a urplu abo5e the co t o- production e4pended b. him, that i , he mu t get a pro-it3 (he elling price o- the commoditie produced b. the 8or+er i di5ided, -rom the point o- 5ie8 othe capitali t, into three part : Fir t, the replacement o- the price o- the ra8 material ad5anced b. him, in addition to the replacement o- the 8ear and tear o- the tool , machine , and other in trument o- labour li+e8i e ad5anced b. him; Second, the replacement o- the 8age ad5anced; and (hird, the urplu le-to5er F i3e3, the pro-it o- the capitali t3 While the -ir t part merel. replace pre5iou l. e4i ting 5alue , it i e5ident that the replacement o- the 8age and the urplu Hthe pro-it o- capitalI are a a 8hole ta+en out o- the ne8 5alue, 8hich i produced b. the labour o- the 8or+er and added to the ra8 material 3 %nd in thi en e 8e can 5ie8 8age a 8ell a pro-it, -or the purpo e o- comparing them 8ith each other, a hare in the product o- the 8or+er3 #eal 8age ma. remain the ame, the. ma. e5en ri e, ne5erthele the relati5e 8age ma. -all3 Let u uppo e, -or in tance, that all mean o- ub i tence ha5e -allen /)Crd in price, 8hile the da.M 8age ha5e -allen but 1)Crd F -or e4ample, -rom three to t8o hilling 3 %lthough the 8or+er can no8 get a greater amount o- commoditie 8ith the e t8o hilling than he -ormerl. did 8ith three hilling , .et hi 8age ha5e decrea ed in proportion to the gain o- the capitali t3 (he pro-it o- the capitali t F the manu-acturerM -or in tance F ha increa ed one hilling, 8hich mean that -or a maller amount o- e4change 5alue , 8hich he pa. to the 8or+er, the latter mu t produce a greater amount o- e4change 5alue than be-ore3 (he hare o- capital in proportion to the hare olabour ha ri en3 (he di tribution o- ocial 8ealth bet8een capital and labour ha become till more une;ual3 (he capitali t command a greater amount o- labour 8ith the ame capital3 (he po8er o- the capitali t cla o5er the 8or+ing cla ha gro8n, the ocial po ition o- the 8or+er ha become 8or e, ha been -orced do8n till another degree belo8 that o- the capitali t3 What, then, i the general la8 that determine the ri e and -all o- 8age and pro-it in their reciprocal relationA

18

(he. tand in in5er e proportion to each other3 (he hare o- Hpro-itI increa e in the ame proportion in 8hich the hare o- labour H8age I -all , and 5ice 5er a3 !ro-it ri e in the ame degree in 8hich 8age -all; it -all in the ame degree in 8hich 8age ri e3 >t might perhap be argued that the capitali t cla can gain b. an ad5antageou e4change o- hi product 8ith other capitali t , b. a ri e in the demand -or hi commoditie , 8hether in con e;uence o- the opening up o- ne8 mar+et , or in con e;uence o- temporaril. increa ed demand in the old mar+et, and o on; that the pro-it o- the capitali t, there-ore, ma. be multiplied b. ta+ing ad5antage o- other capitali t , independentl. o- the ri e and -all o- 8age , o- the e4change 5alue o- labour'po8er; or that the pro-it o- the capitali t ma. al o ri e through impro5ement in the in trument o- labour, ne8 application o- the -orce o- nature, and o on3 ,ut in the -ir t place it mu t be admitted that the re ult remain the ame, although brought about in an oppo ite manner3 !ro-it, indeed, ha not ri en becau e 8age ha5e -allen, but 8age ha5e -allen becau e pro-it ha ri en3 With the ame amount o- another manM labour the capitali t ha bought a larger amount o- e4change 5alue 8ithout ha5ing paid more -or the labour on that account F i3e3, the 8or+ i paid -or le in proportion to the net gain 8hich it .ield to the capitali t3 >n the econd place, it mu t be borne in mind that, de pite the -luctuation in the price ocommoditie , the a5erage price o- e5er. commodit., the proportion in 8hich it e4change -or other commoditie , i determined b. it co t o- production3 (he act o- o5erreaching and ta+ing ad5antage o- one another 8ithin the capitali t ran+ nece aril. e;ualiDe them el5e 3 (he impro5ement o- machiner., the ne8 application o- the -orce o- nature in the er5ice oproduction, ma+e it po ible to produce in a gi5en period o- time, 8ith the ame amount o- labour and capital, a larger amount o- product , but in no 8i e a larger amount o- e4change 5alue 3 >- b. the u e o- the pinning'machine > can -urni h t8ice a much .arn in an hour a be-ore it in5ention F -or in tance, 100 pound in tead o- &0 pound F in the long run > recei5e bac+, in e4change -or thi 100 pound no more commoditie than > did be-ore -or &0; becau e the co t oproduction ha -allen b. 1)/, or becau e > can -urni h double the product at the ame co t3 Finall., in 8hat oe5er proportion the capitali t cla , 8hether o- one countr. or o- the entire 8orld'mar+et, di tribute the net re5enue o- production among them el5e , the total amount o- thi net re5enue al8a. con i t e4clu i5el. o- the amount b. 8hich accumulated labour ha been increa ed -rom the proceed o- direct labour3 (hi 8hole amount, there-ore, gro8 in the ame proportion in 8hich labour augment capital F i3e3, in the ame proportion in 8hich pro-it ri e a compared 8ith 8age 3

&he Interests o% Capital and Wage*Labour are diametrically opposed, E%%ect o% gro"th o% producti-e Capital on Wages
We thu ee that, e5en i- 8e +eep our el5e 8ithin the relation o- capital and 8age'labour, the intere t o- capital and the intere t o- 8age'labour are diametricall. oppo ed to each other3

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% rapid gro8th o- capital i .non.mou 8ith a rapid gro8th o- pro-it 3 !ro-it can gro8 rapidl. onl. 8hen the price o- labour F the relati5e 8age F decrea e Bu t a rapidl.3 #elati5e 8age ma. -all, although real 8age ri e imultaneou l. 8ith nominal 8age , 8ith the mone. 5alue olabour, pro5ided onl. that the real 8age doe not ri e in the ame proportion a the pro-it3 >-, -or in tance, in good bu ine .ear 8age ri e & per cent, 8hile pro-it ri e C0 per cent, the proportional, the relati5e 8age ha not increa ed, but decrea ed3 >-, there-ore, the income o- the 8or+er increa ed 8ith the rapid gro8th o- capital, there i at the ame time a 8idening o- the ocial cha m that di5ide the 8or+er -rom the capitali t, and increa e in the po8er o- capital o5er labour, a greater dependence o- labour upon capital3 (o a. that 9the 8or+er ha an intere t in the rapid gro8th o- capital:, mean onl. thi : that the more peedil. the 8or+er augment the 8ealth o- the capitali t, the larger 8ill be the crumb 8hich -all to him, the greater 8ill be the number o- 8or+er than can be called into e4i tence, the more can the ma o- la5e dependent upon capital be increa ed3 We ha5e thu een that e5en the mo t -a5orable ituation -or the 8or+ing cla , namel., the mo t rapid gro8th o- capital, ho8e5er much it ma. impro5e the material li-e o- the 8or+er, doe not aboli h the antagoni m bet8een hi intere t and the intere t o- the capitali t3 !ro-it and 8age remain a be-ore, in in5er e proportion3 >- capital gro8 rapidl., 8age ma. ri e, but the pro-it o- capital ri e di proportionatel. -a ter3 (he material po ition o- the 8or+er ha impro5ed, but at the co t o- hi ocial po ition3 (he ocial cha m that eparate him -rom the capitali t ha 8idened3 Finall., to a. that 9the mo t -a5orable condition -or 8age'labour i the -a te t po ible gro8th oproducti5e capital:, i the ame a to a.: the ;uic+er the 8or+ing cla multiplie and augment the po8er inimical to it F the 8ealth o- another 8hich lord o5er that cla F the more -a5orable 8ill be the condition under 8hich it 8ill be permitted to toil ane8 at the multiplication obourgeoi 8ealth, at the enlargement o- the po8er o- capital, content thu to -orge -or it el- the golden chain b. 8hich the bourgeoi ie drag it in it train3 6ro8th o- producti5e capital and ri e o- 8age , are the. reall. o indi olubl. united a the bourgeoi economi t maintainA We mu t not belie5e their mere 8ord 3 We dare not belie5e them e5en 8hen the. claim that the -atter capital i the more 8ill it la5e be pampered3 (he bourgeoi ie i too much enlightened, it +eep it account much too care-ull., to hare the preBudice o- the -eudal lord, 8ho ma+e an o tentatiou di pla. o- the magni-icence o- hi retinue3 (he condition o- e4i tence o- the bourgeoi ie compel it to attend care-ull. to it boo++eeping3 We mu t there-ore e4amine more clo el. into the -ollo8ing ;ue tion:

In what manner does the growth of productive capital affect wages?


>- a a 8hole, the producti5e capital o- bourgeoi ociet. gro8 , there ta+e place a more man.' ided accumulation o- labour3 (he indi5idual capital increa e in number and in magnitude3 (he multiplication o- indi5idual capital increa e the competition among capitali t 3 (he increa ing magnitude o- increa ing capital pro5ide the mean o- leading more po8er-ul armie o- 8or+er 8ith more gigantic in trument o- 8ar upon the indu trial battle-ield3 (he one capitali t can dri5e the other -rom the -ield and carr. o-- hi capital onl. b. elling more cheapl.3 >n order to ell more cheapl. 8ithout ruining him el-, he mu t produce more cheapl. F i3e3, increa e the producti5e -orce o- labour a much a po ible3 ,ut the producti5e -orce o- labour i increa ed abo5e all b. a greater di5i ion o- labour and b. a more general introduction and con tant impro5ement o- machiner.3 (he larger the arm. o8or+er among 8hom the labour i ubdi5ided, the more gigantic the cale upon 8hich

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machiner. i introduced, the more in proportion doe the co t o- production decrea e, the more -ruit-ul i the labour3 %nd o there ari e among the capitali t a uni5er al ri5alr. -or the increa e o- the di5i ion o- labour and o- machiner. and -or their e4ploitation upon the greate t po ible cale3 >-, no8, b. a greater di5i ion o- labour, b. the application and impro5ement o- ne8 machine , b. a more ad5antageou e4ploitation o- the -orce o- nature on a larger cale, a capitali t ha -ound the mean o- producing 8ith the ame amount o- labour H8hether it be direct or accumulated labourI a larger amount o- product o- commoditie than hi competitor F i-, -or in tance, he can produce a 8hole .ard o- linen in the ame labour'time in 8hich hi competitor 8ea5e hal-'a' .ard F ho8 8ill thi capitali t actA 2e could +eep on elling hal-'a'.ard o- linen at old mar+et price; but thi 8ould not ha5e the e--ect o- dri5ing hi opponent -rom the -ield and enlarging hi o8n mar+et3 ,ut hi need o- a mar+et ha increa ed in the ame mea ure in 8hich hi producti5e po8er ha e4tended3 (he more po8er-ul and co tl. mean o- production that he ha called into e4i tence enable him, it i true, to ell hi 8are more cheapl., but the. compel him at the ame time to ell more 8are , to get control o- a 5er. much greater mar+et -or hi commoditie ; con e;uentl., thi capitali t 8ill ell hi hal-'.ard o- linen more cheapl. than hi competitor 3 ,ut the capitali t 8ill not ell the 8hole .ard o cheapl. a hi competitor ell the hal-'.ard, although the production o- the 8hole .ard co t him no more than doe that o- the hal-'.ard to the other 3 Gther8i e, he 8ould ma+e no e4tra pro-it, and 8ould get bac+ in e4change onl. the co t o- production3 2e might obtain a greater income -rom ha5ing et in motion a larger capital, but not -rom ha5ing made a greater pro-it on hi capital than the other 3 *oreo5er, he attain the obBect he i aiming at i- he price hi good onl. a mall percentage lo8er than hi competitor 3 2e dri5e them o-- the -ield, he 8re t -rom them at lea t part o- their mar+et, b. under elling them3 %nd -inall., let u remember that the current price al8a. tand either abo5e or belo8 the co t oproduction, according a the ale o- a commodit. ta+e place in the -a5orable or un-a5orable period o- the indu tr.3 %ccording a the mar+et price o- the .ard o- linen tand abo5e or belo8 it -ormer co t o- production, 8ill the percentage 5ar. at 8hich the capitali t 8ho ha made u e othe ne8 and more -aith-ul mean o- production ell abo5e hi real co t o- production3 ,ut the pri5ilege o- our capitali t i not o- long duration3 Gther competing capitali t introduce the ame machine , the ame di5i ion o- labour, and introduce them upon the ame or e5en upon a greater cale3 %nd -inall. thi introduction become o uni5er al that the price o- the linen i lo8ered not onl. belo8 it old, but e5en belo8 it ne8 co t o- production3 (he capitali t there-ore -ind them el5e , in their mutual relation , in the ame ituation in 8hich the. 8ere be-ore the introduction o- the ne8 mean o- production; and i- the. are b. the e mean enabled to o--er double the product at the old price, the. are no8 -orced to -urni h double the product -or le than the old price3 2a5ing arri5ed at the ne8 point, the ne8 co t o- production, the battle -or upremac. in the mar+et ha to be -ought out ane83 6i5en more di5i ion o- labour and more machiner., and there re ult a greater cale upon 8hich di5i ion o- labour and machiner. are e4ploited3 %nd competition again bring the ame reaction again t thi re ult3

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E%%ect o% Capitalist Competition on the Capitalist Class the Middle Class and the Wor.ing Class
We thu ee ho8 the method o- production and the mean o- production are con tantl. enlarged, re5olutioniDed, ho8 di5i ion o- labour nece aril. dra8 a-ter it greater di5i ion o- labour, the emplo.ment o- machiner. greater emplo.ment o- machiner., 8or+ upon a large cale 8or+ upon a till greater cale3 (hi i the la8 that continuall. thro8 capitali t production out o- it old rut and compel capital to train e5er more the producti5e -orce o- labour -or the 5er. rea on that it ha alread. trained them F the la8 that grant it no re pite, and con tantl. hout in it ear: *archJ marchJ (hi i no other la8 than that 8hich, 8ithin the periodical -luctuation ocommerce, nece aril. adBu t the price o- a commodit. to it co t o- production3 "o matter ho8 po8er-ul the mean o- production 8hich a capitali t ma. bring into the -ield, competition 8ill ma+e their adoption general; and -rom the moment that the. ha5e been generall. adopted, the ole re ult o- the greater producti5ene o- hi capital 8ill be that he mu t -urni h at the ame price, 10, /0, 100 time a much a be-ore3 ,ut ince he mu t -ind a mar+et -or, perhap , 1,000 time a much, in order to out8eigh the lo8er elling price b. the greater ;uantit. o- the ale; ince no8 a more e4ten i5e ale i nece ar. not onl. to gain a greater pro-it, but al o in order to replace the co t o- production Hthe in trument o- production it el- gro8 al8a. more co tl., a 8e ha5e eenI, and ince thi more e4ten i5e ale ha become a ;ue tion o- li-e and death not onl. -or him, but al o -or hi ri5al , the old truggle mu t begin again, and it i all the more 5iolent the more po8er-ul the mean o- production alread. in5ented are3 (he di5i ion olabour and the application o- machiner. 8ill there-ore ta+e a -re h tart, and upon an e5en greater cale3 Whate5er be the po8er o- the mean o- production 8hich are emplo.ed, competition ee+ to rob capital o- the golden -ruit o- thi po8er b. reducing the price o- commoditie to the co t oproduction; in the ame mea ure in 8hich production i cheapened ' i3e3, in the ame mea ure in 8hich more can be produced 8ith the ame amount o- labour F it compel b. a la8 8hich i irre i tible a till greater cheapening o- production, the ale o- e5er greater ma e o- product -or maller price 3 (hu the capitali t 8ill ha5e gained nothing more b. hi e--ort than the obligation to -urni h a greater product in the ame labour'time; in a 8ord, more di--icult condition -or the pro-itable emplo.ment o- hi capital3 While competition, there-ore, con tantl. pur ue him 8ith it la8 o- the co t o- production and turn again t him el- e5er. 8eapon that he -orge again t hi ri5al , the capitali t continuall. ee+ to get the be t o- competition b. re tle l. introducing -urther ubdi5i ion o- labour and ne8 machine , 8hich, though more e4pen i5e, enable him to produce more cheapl., in tead o- 8aiting until the ne8 machine hall ha5e been rendered ob olete b. competition3 >- 8e no8 concei5e thi -e5eri h agitation a it operate in the mar+et o- the 8hole 8orld, 8e hall be in a po ition to comprehend ho8 the gro8th, accumulation, and concentration o- capital bring in their train an e5er more detailed ubdi5i ion o- labour, an e5er greater impro5ement oold machine , and a con tant application o- ne8 machine F a proce 8hich goe on uninterruptedl., 8ith -e5eri h ha te, and upon an e5er more gigantic cale3 ,ut 8hat e--ect do the e condition , 8hich are in eparable -rom the gro8th o- producti5e capital, ha5e upon the determination o- 8age A

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(he greater di5i ion o- labour enable one labourer to accompli h the 8or+ o- -i5e, 10, or /0 labourer ; it there-ore increa e competition among the labourer -i5e-old, ten-old, or t8ent.-old3 (he labourer compete not onl. b. elling them el5e one cheaper than the other, but al o b. one doing the 8or+ o- -i5e, 10, or /0; and the. are -orced to compete in thi manner b. the di5i ion olabour, 8hich i introduced and teadil. impro5ed b. capital3 Furthermore, to the ame degree in 8hich the di5i ion o- labour increa e , i the labour impli-ied3 (he pecial +ill o- the labourer become 8orthle 3 2e become tran -ormed into a imple monotonou -orce o- production, 8ith neither ph. ical nor mental ela ticit.3 2i 8or+ become acce ible to all; there-ore competitor pre upon him -rom all ide 3 *oreo5er, it mu t be remembered that the more imple, the more ea il. learned the 8or+ i , o much the le i it co t to production, the e4pen e o- it ac;ui ition, and o much the lo8er mu t the 8age in+ F -or, li+e the price o- an. other commodit., the. are determined b. the co t o- production3 (here-ore, in the ame manner in 8hich labour become more un ati -actor., more repul i5e, do competition increa e and 8age decrea e3 (he labourer ee+ to maintain the total o- hi 8age -or a gi5en time b. per-orming more labour, either b. 8or+ing a great number o- hour , or b. accompli hing more in the ame number ohour 3 (hu , urged on b. 8ant, he him el- multiplie the di a trou e--ect o- di5i ion o- labour3 (he re ult i : the more he 8or+ , the le 8age he recei5e 3 %nd -or thi imple rea on: the more he 8or+ , the more he compete again t hi -ello8 8or+men, the more he compel them to compete again t him, and to o--er them el5e on the ame 8retched condition a he doe ; o that, in the la t anal. i , he compete again t him el- a a member o- the 8or+ing cla 3 *achiner. produce the ame e--ect , but upon a much larger cale3 >t upplant +illed labourer b. un +illed, men b. 8omen, adult b. children; 8here ne8l. introduced, it thro8 8or+er upon the treet in great ma e ; and a it become more highl. de5eloped and more producti5e it di card them in additional though maller number 3 We ha5e ha til. +etched in broad outline the indu trial 8ar o- capitali t among them el5e 3 (hi 8ar ha the peculiarit. that the battle in it are 8on le b. recruiting than b. di charging the arm. o- 8or+er 3 (he general Hthe capitali t I 5ie 8ith one another a to 8ho can di charge the greate t number o- indu trial oldier 3 (he economi t tell u , to be ure, that tho e labourer 8ho ha5e been rendered uper-luou b. machiner. -ind ne8 5enue o- emplo.ment3 (he. dare not a ert directl. that the ame labourer that ha5e been di charged -ind ituation in ne8 branche o- labour3 Fact cr. out too loudl. again t thi lie3 Strictl. pea+ing, the. onl. maintain that ne8 mean o- emplo.ment 8ill be -ound -or other ection o- the 8or+ing cla ; -or e4ample, -or that portion o- the .oung generation o- labourer 8ho 8ere about to enter upon that branch o- indu tr. 8hich had Bu t been aboli hed3 G- cour e, thi i a great ati -action to the di abled labourer 3 (here 8ill be no lac+ o-re h e4ploitable blood and mu cle -or the *e r 3 Capitali t F the dead ma. bur. their dead3 (hi con olation eem to be intended more -or the com-ort o- the capitali t them el5e than their labourer 3 >- the 8hole cla o- the 8age'labourer 8ere to be annihilated b. machiner., ho8 terrible that 8ould be -or capital, 8hich, 8ithout 8age'labour, cea e to be capitalJ ,ut e5en i- 8e a ume that all 8ho are directl. -orced out o- emplo.ment b. machiner., a 8ell a all o- the ri ing generation 8ho 8ere 8aiting -or a chance o- emplo.ment in the ame branch o- indu tr., do actuall. -ind ome ne8 emplo.ment F are 8e to belie5e that thi ne8 emplo.ment 8ill pa. a high 8age a did the one the. ha5e lo tA >- it did, it 8ould be in contradiction to the la8 o- political econom.3 We ha5e een ho8 modern indu tr. al8a. tend to the ub titution othe impler and more ubordinate emplo.ment -or the higher and more comple4 one 3 2o8, then, could a ma o- 8or+er thro8n out o- one branch o- indu tr. b. machiner. -ind re-uge in another branch, unle the. 8ere to be paid more poorl.A

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%n e4ception to the la8 ha been adduced, namel., the 8or+er 8ho are emplo.ed in the manu-acture o- machiner. it el-3 % oon a there i in indu tr. a greater demand -or and a greater con umption o- machiner., it i aid that the number o- machine mu t nece aril. increa e; con e;uentl., al o, the manu-acture o- machine ; con e;uentl., al o, the emplo.ment o8or+er in machine manu-acture; and the 8or+er emplo.ed in thi branch o- indu tr. are +illed, e5en educated, 8or+er 3 Since the .ear 1840 thi a ertion, 8hich e5en be-ore that date 8a onl. hal-'true, ha lo t all emblance o- truth; -or the mo t di5er e machine are no8 applied to the manu-acture o- the machine them el5e on ;uite a e4ten i5e a cale a in the manu-acture o- cotton .arn, and the labourer emplo.ed in machine -actorie can but pla. the role o- 5er. tupid machine along ide o- the highl. ingeniou machine 3 ,ut in place o- the man 8ho ha been di mi ed b. the machine, the -actor. ma. emplo., perhap , three children and one 8omanJ %nd mu t not the 8age o- the man ha5e pre5iou l. u--iced -or the three children and one 8omanA *u t not the minimum 8age ha5e u--iced -or the pre er5ation and propagation o- the raceA What, then, do the e belo5ed bourgeoi phra e pro5eA "othing more than that no8 -our time a man. 8or+er M li5e are u ed up a there 8ere pre5iou l., in order to obtain the li5elihood o- one 8or+ing -amil.3 (o um up: the more producti5e capital gro8 , the more it e4tend the di5i ion o- labour and the application o- machiner.; the more the di5i ion o- labour and the application o- machiner. e4tend, the more doe competition e4tend among the 8or+er , the more do their 8age hrin+ together3 >n addition, the 8or+ing cla i al o recruited -rom the higher trata o- ociet.; a ma o- mall bu ine men and o- people li5ing upon the intere t o- their capital i precipitated into the ran+ o- the 8or+ing cla , and the. 8ill ha5e nothing el e to do than to tretch out their arm along ide o- the arm o- the 8or+er 3 (hu the -ore t o- out tretched arm , begging -or 8or+, gro8 e5er thic+er, 8hile the arm them el5e gro8 e5er. leaner3 >t i e5ident that the mall manu-acturer cannot ur5i5e in a truggle in 8hich the -ir t condition o- ucce i production upon an e5er greater cale3 >t i e5ident that the mall manu-acturer and thereb. increa ing the number o- candidate -or the proletariat F all thi re;uire no -urther elucidation3 Finall., in the ame mea ure in 8hich the capitali t are compelled, b. the mo5ement de cribed abo5e, to e4ploit the alread. e4i ting gigantic mean o- production on an e5er'increa ing cale, and -or thi purpo e to et in motion all the main pring o- credit, in the ame mea ure do the. increa e the indu trial earth;ua+e , in the mid t o- 8hich the commercial 8orld can pre er5e it el- onl. b. acri-icing a portion o- it 8ealth, it product , and e5en it -orce o- production, to the god o- the lo8er 8orld F in hort, the cri e increa e3 (he. become more -re;uent and more 5iolent, i- -or no other rea on, than -or thi alone, that in the ame mea ure in 8hich the ma oproduct gro8 , and there-ore the need -or e4ten i5e mar+et , in the ame mea ure doe the 8orld mar+et hrin+ e5er more, and e5er -e8er mar+et remain to be e4ploited, ince e5er. pre5iou cri i ha ubBected to the commerce o- the 8orld a hitherto uncon;uered or but uper-iciall. e4ploited mar+et3 ,ut capital not onl. li5e upon labour3 Li+e a ma ter, at once di tingui hed and barbarou , it drag 8ith it into it gra5e the corp e o- it la5e , 8hole hecatomb o- 8or+er , 8ho peri h in the cri e 3 We thu ee that i- capital gro8 rapidl., competition among the 8or+er gro8 8ith e5en greater rapidit. F i3e3, the mean o- emplo.ment and ub i tence -or the 8or+ing cla decrea e in proportion e5en more rapidl.; but, thi not8ith tanding, the rapid gro8th o- capital i the mo t -a5orable condition -or 8age'labour3

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