The General Law that Determines the Rise and Fall of Wages and Profits: Wage Labour and Capital

by Karl Marx

We have said: “Wages are not a share of the worker in the commodities produced by him. Wages are that part of already existing commodities with which the capitalist buys a certain amount of productive labor-power.” But the capitalist must replace these wages out of the price for which he sells the product made by the worker; he must so replace it that, as a rule, there remains to him a surplus above the cost of production expended by him, that is, he must get a profit.

The selling price of the commodities produced by the worker is divided, from the point of view of the capitalist, into three parts:

First, the replacement of the price of the raw materials advanced by him, in addition to the replacement of the wear and tear of the tools, machines, and other instruments of labor likewise advanced by him;

Second, the replacement of the wages advanced; and

Third, the surplus leftover – i.e., the profit of the capitalist. Continue reading

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Oppose Aquino Policy of Greater US Military Presence in the Philipines – CPP

Communist Party of the Philippines, Information Bureau

The Communist Party of the Philippines (CPP) urged the Filipino people to oppose the Aquino regime’s policy of national treachery in calling for increasing American military presence in the Phlippines through the Balikatan “joint exercises”. The CPP issued this statement as around 4,500 US soldiers are set to arrive in the Philippines to hold naval and other maneuvers starting tomorrow along the South China Sea, off the coast of Palawan, in the general vicinity of the disputed Spratly islands.

US aggression forces train Philippine puppet troops during joint military exercises. Photo from http://www.stripes.com

“The so-called joint military exercises to be carried out this year by the US and Philippine governments are clear acts of power projection and military muscle flexing by the imperialist US government directed at China whose rising economic power, political influence and military strength are perceived by the US as threats to its aims of expanding and strengthening its hegemony over the Asia-Pacific region,” said the CPP. Continue reading

Unsustainability of Neo-Liberal Globalization and the Capitalist Crisis: Draft Ideological Resolution of the Communist Party of India (Marxist)

3.1   Such unfolding of imperialist globalization is, as we had analysed in our Party resolutions, unsustainable. Further, the 14th Congress resolution understanding that was reiterated in our Party Programme establishes the validity of Marx’s analysis of capitalism as a system that can never be either exploitation-free, or crisis-free. No amount of reform of capitalism can eliminate either or both of these fundamental characteristics as these are inextricably located in the very production process of capitalism generating its basic contradiction – between its social nature of production and individual nature of appropriation. This, in itself, negates all illusions spread by social democracy of reforming capitalism to have a ‘human face’.

 

3.2   The character and composition of labour – manual or mental (intellectual) – makes little difference to this process of exploitation. This exposes the fallacy of the argument that since the character of the working class (manual labour) has significantly altered in modern times from that of Marx’s time, and also, as the proportion of manual labour has significantly declined since Marx’s time, Marx’s analysis is no longer valid. As long as labour power produces in the capitalist production process, it is exploited and that is the source of surplus value and hence profit – the raison d’tre of capitalism. Continue reading

The Working of Imperialism in the Era of Globalisation: Draft Ideological Resolution of the Communist Party of India (Marxist)

2.1   The CPI(M), steadfastly upholding Marxism-Leninism and its inviolable tool of ‘concrete analysis of concrete conditions’, evaluates the working of imperialism in the present concrete conditions and its impact on India. The latter is of utmost necessity to work out the correct and appropriate tactics that will advance our strategic objectives.

2.2   Globalisation must be understood in its totality. The internal dynamics of capitalism, as Marx has shown, leads to the accumulation and concentration of capital in a few hands. It is on the basis of a scientific analysis of the development of this tendency that Lenin identified the emergence and growth of imperialism from the stage of monopoly capitalism. The Leninist analysis of the politics of imperialism – the last stage of capitalism – laid the foundations for correct revolutionary strategy and tactics for intensifying class struggles leading, for the first time in human history, to the triumph of the proletarian revolution – the great October Socialist Revolution of 1917. Continue reading