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

Advertisements

Sample Resolutions from the XXI Congress of the Communist Party of India

Resolution on Agriculture and Farmers’ Plight  

The 21st Congress of the CPI expresses its anguish and deep concern over the anti-people measures pursued by the Government in the centre and the states as well across the country with regards to agriculture sector and farmers community.

While Indian agriculture scenario is becoming gloomy day by day and around 70% of the population engaged in this sector are facing severe economic crisis resulting in the incidents of suicides committed by more than 2.5 lakh farmers, the governments are mostly reluctant to address the genuine problem rather becoming rhetoric and mostly undertaking the measures which lead to more pauperization. Continue reading