Relation of Wage-Labour to Capital: Wage Labour and Capital

by Karl Marx

What is it that takes place in the exchange between the capitalist and the wage-labourer?

The labourer receives means of subsistence in exchange for his labour-power; the capitalist receives, in exchange for his means of subsistence, labour, the productive activity of the labourer, the creative force by which the worker not only replaces what he consumes, but also gives to the accumulated labour a greater value than it previously possessed. The labourer gets from the capitalist a portion of the existing means of subsistence. For what purpose do these means of subsistence serve him? For immediate consumption. But as soon as I consume means of subsistence, they are irrevocably lost to me, unless I employ the time during which these means sustain my life in producing new means of subsistence, in creating by my labour new values in place of the values lost in consumption. But it is just this noble reproductive power that the labourer surrenders to the capitalist in exchange for means of subsistence received. Consequently, he has lost it for himself. Continue reading

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Current Anti-Marxist Reactionary Ideological Challenges: Draft Ideological Resolution of the Communist Party of India (Marxist)

9.1 Following this shift in balance of forces in imperialism’s favour, we anticipated an aggressive all round attack not only ideologically but in all spheres against Marxism and Communism.

9.2 During these two decades, such trends have further intensified. These essentially attempt to reason that with the collapse of the USSR, there is a need to transcend Marxism. Hence, the theories of ‘revisiting’, ‘reassessing’ or ‘reconstructing’ Marxism have surfaced and are circulating in fashionable intellectual circles, influencing and confusing sections of the people.

9.3 Post-Modernism: Imperialist-driven globalization fuelled by global finance capital has spawned a whole new range of anti-Marxist ideologies and theories which are marked by the negation of all progressive, universalist ideologies. Theories of class convergence, disappearance of class struggle and the negation of the revolutionary role of the working class have been part of the bourgeois ideological armoury. To these is now added the current anti-Marxist theory of post-modernism. Continue reading