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[494] TheDude: Old capital no longer exists. I completely agree with what was stated in [470], “I
think what Marx is saying is that when the equivalent
of capitalist's original capital is consumed, the
value of the capital he has from that
point forward is representative of the surplus value,
his worker's labor-power, has acquired for him.”
What Marx is saying in this passage is that once
capital is consumed, it can no longer exist. The only
capital the capitalist has is the surplus-value
produced by the laborers. This is the value created
above and beyond how much he has to pay them in wages.
According to Marx, there is no equity. Whatever the
capitalist purchases, whether it be a warehouse or a
machine, it doesn't have one single atom of the value
of the original capital; its only value comes from the
surplus-value created by laborers using/working in it. |
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