The Interests of Capital and Wage-Labour Are Diametrically Opposed: Wage Labour and Capital

by Karl Marx

We thus see that, even if we keep ourselves within the relation of capital and wage-labour, the interests of capitals and the interests of wage-labour are diametrically opposed to each other.

industrial lansdscape

A rapid growth of capital is synonymous with a rapid growth of profits. Profits can grow rapidly only when the price of labour – the relative wages – decrease just as rapidly. Relative wages may fall, although real wages rise simultaneously with nominal wages, with the money value of labour, provided only that the real wage does not rise in the same proportion as the profit. If, for instance, in good business years wages rise 5 per cent, while profits rise 30 per cent, the proportional, the relative wage has not increased, but decreased.

If, therefore, the income of the worker increased with the rapid growth of capital, there is at the same time a widening of the social chasm that divides the worker from the capitalist, and increase in the power of capital over labour, a greater dependence of labour upon capital. Continue reading

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Soviet Power and the Status of Women

by Vladimir Lenin

The second anniversary of the Soviet power is a fitting occasion for us to review what has, in general, been accomplished during this period, and to probe into the significance and aims of the revolution which we accomplished.

The bourgeoisie and its supporters accuse us of violating democracy. We maintain that the Soviet revolution has given an unprecedented stimulus to the development of democracy both in depth and breadth, of democracy, moreover, distinctly for the toiling masses, who had been oppressed under capitalism; consequently, of democracy for the vast majority of the people, of socialist democracy (for the toilers) as distinguished from bourgeois democracy (for the exploiters, the capitalists, the rich).

Who is right?

To probe deeply into this question and to understand it well will mean studying the experience of these two years and being better prepared to further follow up this experience. Continue reading