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Capital, Volume 1 (Das Kapital) quotes

The lines readers remember from Capital, Volume 1 (Das Kapital), by Karl Marx.

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Standout lines

The country that is more developed industrially only shows, to the less developed, the image of its own future.

Author's Preface to the First EditionRead from here
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Intrinsically, it is not a question of the higher or lower degree of development of the social antagonisms that result from the natural laws of capitalist production. It is a question of these laws themselves, of these tendencies working with iron necessity towards inevitable results.

The country that is more developed industrially only shows, to the less developed, the image of its own future.

But apart from this. Where capitalist production is fully naturalised among the Germans (for instance, in the factories proper) the condition of things is much worse than in England, because the counterpoise of the Factory Acts is wanting.

Man has often made man himself, under the form of slaves, serve as the primitive material of money, but has never used land for that purpose.

Chapter 2Read from here
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Nomad races are the first to develop the money-form, because all their worldly goods consist of movable objects and are therefore directly alienable; and because their mode of life, by continually bringing them into contact with foreign communities, solicits the exchange of products.

Man has often made man himself, under the form of slaves, serve as the primitive material of money, but has never used land for that purpose.

Such an idea could only spring up in a bourgeois society already well developed.

We see then, commodities are in love with money, but "the course of true love never did run smooth."

Chapter 3Read from here
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And as a matter of fact, the value also of each single yard is but the materialised form of the same definite and socially fixed quantity of homogeneous human labour.

We see then, commodities are in love with money, but "the course of true love never did run smooth."

The quantitative division of labour is brought about in exactly the same spontaneous and accidental manner as its qualitative division.

Nothing can be more childish than the dogma, that because every sale is a purchase, and every purchase a sale, therefore, the circulation of commodities necessarily implies an equilibrium of sales and purchases.

Chapter 3Read from here
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Then the Bible falls out of circulation, and again money takes its place. When one commodity replaces another, the money commodity always sticks to the hands of some third person. Circulation sweats money from every pore.

Nothing can be more childish than the dogma, that because every sale is a purchase, and every purchase a sale, therefore, the circulation of commodities necessarily implies an equilibrium of sales and purchases.

If this means that the number of actual sales is equal to the number of purchases, it is mere tautology. But its real purport is to prove that every seller brings his buyer to market with him. Nothing of the kind.

It is with him as it is with a conqueror who sees in every new country annexed, only a new boundary.

Chapter 3Read from here
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This antagonism between the quantitive limits of money and its qualitative boundlessness, continually acts as a spur to the hoarder in his Sisyphus-like labour of accumulating.

It is with him as it is with a conqueror who sees in every new country annexed, only a new boundary.

In order that gold may be held as money, and made to form a hoard, it must be prevented from circulating, or from transforming itself into a means of enjoyment.

Après moi le déluge! is the watchword of every capitalist and of every capitalist nation.

Chapter 10Read from here
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In every stock-jobbing swindle every one knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbour, after he himself has caught the shower of gold and placed it in safety.

Après moi le déluge! is the watchword of every capitalist and of every capitalist nation.

Hence Capital is reckless of the health or length of life of the labourer, unless under compulsion from society. To the outcry as to the physical and mental degradation, the premature death, the torture of overwork, it answers:

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Jump to a chapter
  1. Author's Preface to the First Edition
  2. Author's Preface to the Second Edition
  3. Chapter 1
  4. Chapter 2
  5. Chapter 3
  6. Chapter 4
  7. Chapter 5
  8. Chapter 6
  9. Chapter 7
  10. Chapter 8
  11. Chapter 9
  12. Chapter 10
  13. Chapter 11
  14. Chapter 12
  15. Chapter 13
  16. Chapter 14
  17. Chapter 15
  18. Chapter 16
  19. Chapter 17
  20. Chapter 18
  21. Chapter 19
  22. Chapter 22
  23. Chapter 23
  24. Chapter 24
  25. Chapter 25
  26. Chapter 26
  27. Chapter 27
  28. Chapter 28

Author's Preface to the First Edition

The country that is more developed industrially only shows, to the less developed, the image of its own future.

Read from here
Show the passage

Intrinsically, it is not a question of the higher or lower degree of development of the social antagonisms that result from the natural laws of capitalist production. It is a question of these laws themselves, of these tendencies working with iron necessity towards inevitable results.

The country that is more developed industrially only shows, to the less developed, the image of its own future.

But apart from this. Where capitalist production is fully naturalised among the Germans (for instance, in the factories proper) the condition of things is much worse than in England, because the counterpoise of the Factory Acts is wanting.

We suffer not only from the living, but from the dead.

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Alongside of modern evils, a whole series of inherited evils oppress us, arising from the passive survival of antiquated modes of production, with their inevitable train of social and political anachronisms.

We suffer not only from the living, but from the dead.

Le mort saisit le vif!

Perseus wore a magic cap that the monsters he hunted down might not see him. We draw the magic cap down over eyes and ears as a make-believe that there are no monsters.

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… it was possible to find for this purpose men as competent, as free from partisanship and respect of persons as are the English factory-inspectors, her medical reporters on public health, her commissioners of enquiry into the exploitation of women and children, into housing and food.

Perseus wore a magic cap that the monsters he hunted down might not see him. We draw the magic cap down over eyes and ears as a make-believe that there are no monsters.

Let us not deceive ourselves on this. As in the 18th century, the American war of independence sounded the tocsin for the European middle-class, so in the 19th century, the American civil war sounded it for the European working-class.

The English Established Church, e.g., will more readily pardon an attack on 38 of its 39 articles than on 1/39 of its income.

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The peculiar nature of the material it deals with, summons as foes into the field of battle the most violent, mean and malignant passions of the human breast, the Furies of private interest.

The English Established Church, e.g., will more readily pardon an attack on 38 of its 39 articles than on 1/39 of its income.

Now-a-days atheism itself is culpa levis, as compared with criticism of existing property relations. Nevertheless, there is an unmistakable advance. I refer, e.g., to the bluebook published within the last few weeks: "Correspondence with Her Majesty's Missions Abroad, regarding Industrial Questions and Trades' Unions."

Now-a-days atheism itself is culpa levis, as compared with criticism of existing property relations.

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The English Established Church, e.g., will more readily pardon an attack on 38 of its 39 articles than on 1/39 of its income.

Now-a-days atheism itself is culpa levis, as compared with criticism of existing property relations.

Nevertheless, there is an unmistakable advance. I refer, e.g., to the bluebook published within the last few weeks: "Correspondence with Her Majesty's Missions Abroad, regarding Industrial Questions and Trades' Unions."

Author's Preface to the Second Edition

In place of disinterested enquirers, there were hired prize-fighters; in place of genuine scientific research, the bad conscience and the evil intent of apologetic.

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It sounded the knell of scientific bourgeois economy. It was thenceforth no longer a question, whether this theorem or that was true, but whether it was useful to capital or harmful, expedient or inexpedient, politically dangerous or not.

In place of disinterested enquirers, there were hired prize-fighters; in place of genuine scientific research, the bad conscience and the evil intent of apologetic.

Still, even the obtrusive pamphlets with which the Anti-Corn Law League, led by the manufacturers Cobden and Bright, deluged the world, have a historic interest, if no scientific one, on account of their polemic against the landed aristocracy.

With him it is standing on its head. It must be turned right side up again, if you would discover the rational kernel within the mystical shell.

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The mystification which dialectic suffers in Hegel's hands, by no means prevents him from being the first to present its general form of working in a comprehensive and conscious manner.

With him it is standing on its head. It must be turned right side up again, if you would discover the rational kernel within the mystical shell.

In its mystified form, dialectic became the fashion in Germany, because it seemed to transfigure and to glorify the existing state of things.

Chapter 1

Wherever the want of clothing forced them to it, the human race made clothes for thousands of years, without a single man becoming a tailor.

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Nor is the relation between the coat and the labour that produced it altered by the circumstance that tailoring may have become a special trade, an independent branch of the social division of labour.

Wherever the want of clothing forced them to it, the human race made clothes for thousands of years, without a single man becoming a tailor.

But coats and linen, like every other element of material wealth that is not the spontaneous produce of nature, must invariably owe their existence to a special productive activity, exercised with a definite aim, an activity that appropriates particular nature-given materials to particular human wants.

But, so soon as it steps forth as a commodity, it is changed into something transcendent. It not only stands with its feet on the ground, but, in relation to all other commodities, it stands on its head, and evolves out of its wooden brain grotesque ideas, far more wonderful than "table-turning" ever was.

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The form of wood, for instance, is altered, by making a table out of it. Yet, for all that the table continues to be that common, every-day thing, wood.

But, so soon as it steps forth as a commodity, it is changed into something transcendent. It not only stands with its feet on the ground, but, in relation to all other commodities, it stands on its head, and evolves out of its wooden brain grotesque ideas, far more wonderful than "table-turning" ever was.

The mystical character of commodities does not originate, therefore, in their use-value. Just as little does it proceed from the nature of the determining factors of value.

Value, therefore, does not stalk about with a label describing what it is. It is value, rather, that converts every product into a social hieroglyphic.

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Quite the contrary; whenever, by an exchange, we equate as values our different products, by that very act, we also equate, as human labour, the different kinds of labour expended upon them. We are not aware of this, nevertheless we do it.

Value, therefore, does not stalk about with a label describing what it is. It is value, rather, that converts every product into a social hieroglyphic.

Later on, we try to decipher the hieroglyphic, to get behind the secret of our own social products; for to stamp an object of utility as a value, is just as much a social product as language.

The tithe to be rendered to the priest is more matter of fact than his blessing.

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Compulsory labour is just as properly measured by time, as commodity-producing labour; but every serf knows that what he expends in the service of his lord, is a definite quantity of his own personal labour-power.

The tithe to be rendered to the priest is more matter of fact than his blessing.

No matter, then, what we may think of the parts played by the different classes of people themselves in this society, the social relations between individuals in the performance of their labour, appear at all events as their own mutual personal relations, and are not …

The religious world is but the reflex of the real world.

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The social relations of the individual producers, with regard both to their labour and to its products, are in this case perfectly simple and intelligible, and that with regard not only to production but also to distribution.

The religious world is but the reflex of the real world.

And for a society based upon the production of commodities, in which the producers in general enter into social relations with one another by treating their products as commodities and values, whereby they reduce their individual private labour to the standard of homogeneous human labour—for …

Chapter 2

Commodities are things, and therefore without power of resistance against man.

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It is plain that commodities cannot go to market and make exchanges of their own account. We must, therefore, have recourse to their guardians, who are also their owners.

Commodities are things, and therefore without power of resistance against man.

If they are wanting in docility he can use force; in other words, he can take possession of them.

A born leveller and a cynic, it is always ready to exchange not only soul, but body, with any and every other commodity, be the same more repulsive than Maritornes herself.

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What chiefly distinguishes a commodity from its owner is the fact, that it looks upon every other commodity as but the form of appearance of its own value.

A born leveller and a cynic, it is always ready to exchange not only soul, but body, with any and every other commodity, be the same more repulsive than Maritornes herself.

The owner makes up for this lack in the commodity of a sense of the concrete, by his own five and more senses. His commodity possesses for himself no immediate use-value. Otherwise, he would not bring it to the market. It has use-value for others;

Man has often made man himself, under the form of slaves, serve as the primitive material of money, but has never used land for that purpose.

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Nomad races are the first to develop the money-form, because all their worldly goods consist of movable objects and are therefore directly alienable; and because their mode of life, by continually bringing them into contact with foreign communities, solicits the exchange of products.

Man has often made man himself, under the form of slaves, serve as the primitive material of money, but has never used land for that purpose.

Such an idea could only spring up in a bourgeois society already well developed.

Hence the magic of money.

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These objects, gold and silver, just as they come out of the bowels of the earth, are forthwith the direct incarnation of all human labour.

Hence the magic of money.

In the form of society now under consideration, the behaviour of men in the social process of production is purely atomic. Hence their relations to each other in production assume a material character independent of their control and conscious individual action.

Chapter 3

Objects that in themselves are no commodities, such as conscience, honour, &c., are capable of being offered for sale by their holders, and of thus acquiring, through their price, the form of commodities.

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… a quantitative incongruity between magnitude of value and price, i.e., between the former and its expression in money, but it may also conceal a qualitative inconsistency, so much so, that, although money is nothing but the value-form of commodities, price ceases altogether to express value.

Objects that in themselves are no commodities, such as conscience, honour, &c., are capable of being offered for sale by their holders, and of thus acquiring, through their price, the form of commodities.

Hence an object may have a price without having value. The price in that case is imaginary, like certain quantities in mathematics. On the other hand, the imaginary price-form may sometimes conceal either a direct or indirect real value-relation;

Under the ideal measure of values there lurks the hard cash.

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On the other hand, gold serves as an ideal measure of value, only because it has already, in the process of exchange, established itself as the money-commodity.

Under the ideal measure of values there lurks the hard cash.

section 2.—the medium of circulation.

We see then, commodities are in love with money, but "the course of true love never did run smooth."

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And as a matter of fact, the value also of each single yard is but the materialised form of the same definite and socially fixed quantity of homogeneous human labour.

We see then, commodities are in love with money, but "the course of true love never did run smooth."

The quantitative division of labour is brought about in exactly the same spontaneous and accidental manner as its qualitative division.

Under their money-form all commodities look alike.

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We cannot tell from the mere look of a piece of money, for what particular commodity it has been exchanged.

Under their money-form all commodities look alike.

Hence, money may be dirt, although dirt is not money. We will assume that the two gold pieces, in consideration of which our weaver has parted with his linen, are the metamorphosed shape of a quarter of wheat.

Hence, money may be dirt, although dirt is not money.

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We cannot tell from the mere look of a piece of money, for what particular commodity it has been exchanged. Under their money-form all commodities look alike.

Hence, money may be dirt, although dirt is not money.

We will assume that the two gold pieces, in consideration of which our weaver has parted with his linen, are the metamorphosed shape of a quarter of wheat. The sale of the linen, C—M, is at the same time its purchase, M—C.

Circulation sweats money from every pore.

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Then the Bible falls out of circulation, and again money takes its place. When one commodity replaces another, the money commodity always sticks to the hands of some third person.

Circulation sweats money from every pore.

Nothing can be more childish than the dogma, that because every sale is a purchase, and every purchase a sale, therefore, the circulation of commodities necessarily implies an equilibrium of sales and purchases.

Nothing can be more childish than the dogma, that because every sale is a purchase, and every purchase a sale, therefore, the circulation of commodities necessarily implies an equilibrium of sales and purchases.

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Then the Bible falls out of circulation, and again money takes its place. When one commodity replaces another, the money commodity always sticks to the hands of some third person. Circulation sweats money from every pore.

Nothing can be more childish than the dogma, that because every sale is a purchase, and every purchase a sale, therefore, the circulation of commodities necessarily implies an equilibrium of sales and purchases.

If this means that the number of actual sales is equal to the number of purchases, it is mere tautology. But its real purport is to prove that every seller brings his buyer to market with him. Nothing of the kind.

"Gold is a wonderful thing! Whoever possesses it is lord of all he wants. By means of gold one can even get souls into Paradise."

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With the possibility of holding and storing up exchange value in the shape of a particular commodity, arises also the greed for gold. Along with the extension of circulation, increases the power of money, that absolutely social form of wealth ever ready for use.

"Gold is a wonderful thing! Whoever possesses it is lord of all he wants. By means of gold one can even get souls into Paradise."

( Columbus in his letter from Jamaica, 1503.) Since gold does not disclose what has been transformed into it, everything, commodity or not, is convertible into gold. Everything becomes saleable and buyable.

The circulation becomes the great social retort into which everything is thrown, to come out again as a gold-crystal.

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By means of gold one can even get souls into Paradise." ( Columbus in his letter from Jamaica, 1503.) Since gold does not disclose what has been transformed into it, everything, commodity or not, is convertible into gold. Everything becomes saleable and buyable.

The circulation becomes the great social retort into which everything is thrown, to come out again as a gold-crystal.

Not even are the bones of saints, and still less are more delicate res sacrosanctæ extra commercium hominum able to withstand this alchemy.

Just as every qualitative difference between commodities is extinguished in money, so money, on its side, like the radical leveller that it is, does away with all distinctions.

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The circulation becomes the great social retort into which everything is thrown, to come out again as a gold-crystal. Not even are the bones of saints, and still less are more delicate res sacrosanctæ extra commercium hominum able to withstand this alchemy.

Just as every qualitative difference between commodities is extinguished in money, so money, on its side, like the radical leveller that it is, does away with all distinctions.

But money itself is a commodity, an external object, capable of becoming the private property of any individual. Thus social power becomes the private power of private persons. The ancients therefore denounced money as subversive of the economical and moral order of things.

Thus social power becomes the private power of private persons.

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But money itself is a commodity, an external object, capable of becoming the private property of any individual.

Thus social power becomes the private power of private persons.

The ancients therefore denounced money as subversive of the economical and moral order of things.

Modern society, which soon after its birth, pulled Plutus by the hair of his head from the bowels of the earth, greets gold as its Holy Grail, as the glittering incarnation of the very principle of its own life.

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But money itself is a commodity, an external object, capable of becoming the private property of any individual. Thus social power becomes the private power of private persons. The ancients therefore denounced money as subversive of the economical and moral order of things.

Modern society, which soon after its birth, pulled Plutus by the hair of his head from the bowels of the earth, greets gold as its Holy Grail, as the glittering incarnation of the very principle of its own life.

A commodity, in its capacity of a use-value, satisfies a particular want, and is a particular element of material wealth.

It is with him as it is with a conqueror who sees in every new country annexed, only a new boundary.

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This antagonism between the quantitive limits of money and its qualitative boundlessness, continually acts as a spur to the hoarder in his Sisyphus-like labour of accumulating.

It is with him as it is with a conqueror who sees in every new country annexed, only a new boundary.

In order that gold may be held as money, and made to form a hoard, it must be prevented from circulating, or from transforming itself into a means of enjoyment.

The class-struggles of the ancient world took the form chiefly of a contest between debtors and creditors, which in Rome ended in the ruin of the plebeian debtors.

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But the opposition is not nearly so pleasant, and is far more capable of crystallization. The same characters can, however, be assumed independently of the circulation of commodities.

The class-struggles of the ancient world took the form chiefly of a contest between debtors and creditors, which in Rome ended in the ruin of the plebeian debtors.

They were displaced by slaves. In the middle-ages the contest ended with the ruin of the feudal debtors, who lost their political power together with the economical basis on which it was established.

But now the cry is everywhere: money alone is a commodity!

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The use-value of commodities becomes valueless, and their value vanishes in the presence of its own independent form. On the eve of the crisis, the bourgeois, with the self-sufficiency that springs from intoxicating prosperity, declares money to be a vain imagination. Commodities alone are money.

But now the cry is everywhere: money alone is a commodity!

As the hart pants after fresh water, so pants his soul after money, the only wealth. In a crisis, the antithesis between commodities and their value-form, money, becomes heightened into an absolute contradiction.

Chapter 4

This boundless greed after riches, this passionate chase after exchange-value, is common to the capitalist and the miser; but while the miser is merely a capitalist gone mad, the capitalist is a rational miser.

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Use-values must therefore never be looked upon as the real aim of the capitalist; neither must the profit on any single transaction. The restless never-ending process of profit-making alone is what he aims at.

This boundless greed after riches, this passionate chase after exchange-value, is common to the capitalist and the miser; but while the miser is merely a capitalist gone mad, the capitalist is a rational miser.

The never-ending augmentation of exchange-value, which the miser strives after, by seeking to save his money from circulation, is attained by the more acute capitalist, by constantly throwing it afresh into circulation.

It brings forth living offspring, or, at the least, lays golden eggs.

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For the movement, in the course of which it adds surplus value, is its own movement, its expansion, therefore, is automatic expansion. Because it is value, it has acquired the occult quality of being able to add value to itself.

It brings forth living offspring, or, at the least, lays golden eggs.

Value, therefore, being the active factor in such a process, and assuming at one time the form of money, at another that of commodities, but through all these changes preserving itself and expanding, it requires some independent form, by means of which its identity may …

Value therefore now becomes value in process, money in process, and, as such, capital.

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… by the surplus value of £10 does the £100 originally advanced become capital, and so soon as this takes place, so soon as the son, and by the son, the father, is begotten, so soon does their difference vanish, and they again become one, £110.

Value therefore now becomes value in process, money in process, and, as such, capital.

It comes out of circulation, enters into it again, preserves and multiplies itself within its circuit, comes back out of it with expanded bulk, and begins the same round ever afresh.

Chapter 5

The capitalist class, as a whole, in any country, cannot over-reach themselves.

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The sum of the values in circulation can clearly not be augmented by any change in their distribution, any more than the quantity of the precious metals in a country by a Jew selling a Queen Ann's farthing for a guinea.

The capitalist class, as a whole, in any country, cannot over-reach themselves.

Turn and twist then as we may, the fact remains unaltered.

Circulation, or the exchange of commodities, begets no value.

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If equivalents are exchanged, no surplus-value results, and if non-equivalents are exchanged, still no surplus-value.

Circulation, or the exchange of commodities, begets no value.

The reason is now therefore plain why, in analysing the standard form of capital, the form under which it determines the economical organisation of modern society, we entirely left out of consideration its most popular, and, so to say, antediluvian forms, merchants' capital and money-lenders' …

Hic Rhodus, hic salta!

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His development into a full-grown capitalist must take place, both within the sphere of circulation and without it. These are the conditions of the problem.

Hic Rhodus, hic salta!

Chapter 6

This sphere that we are deserting, within whose boundaries the sale and purchase of labour-power goes on, is in fact a very Eden of the innate rights of man.

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Here we shall see, not only how capital produces, but how capital is produced. We shall at last force the secret of profit making.

This sphere that we are deserting, within whose boundaries the sale and purchase of labour-power goes on, is in fact a very Eden of the innate rights of man.

There alone rule Freedom, Equality, Property and Bentham. Freedom, because both buyer and seller of a commodity, say of labour-power, are constrained only by their own free will.

Freedom, Equality, Property and Bentham.

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This sphere that we are deserting, within whose boundaries the sale and purchase of labour-power goes on, is in fact a very Eden of the innate rights of man. There alone rule

Freedom, Equality, Property and Bentham.

Freedom, because both buyer and seller of a commodity, say of labour-power, are constrained only by their own free will. They contract as free agents, and the agreement they come to, is but the form in which they give legal expression to their common will.

The one with an air of importance, smirking, intent on business; the other, timid and holding back, like one who is bringing his own hide to market and has nothing to expect but—a hiding.

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He, who before was the money owner, now strides, in front as capitalist; the possessor of labour-power follows as his labourer.

The one with an air of importance, smirking, intent on business; the other, timid and holding back, like one who is bringing his own hide to market and has nothing to expect but—a hiding.

Chapter 7

But what distinguishes the worst architect from the best of bees is this, that the architect raises his structure in imagination before he erects it in reality.

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We presuppose labour in a form that stamps it as exclusively human. A spider conducts operations that resemble those of a weaver, and a bee puts to shame many an architect in the construction of her cells.

But what distinguishes the worst architect from the best of bees is this, that the architect raises his structure in imagination before he erects it in reality.

At the end of every labour-process, we get a result that already existed in the imagination of the labourer at its commencement.

By thus acting on the external world and changing it, he at the same time changes his own nature.

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He opposes himself to Nature as one of her own forces, setting in motion arms and legs, head and hands, the natural forces of his body, in order to appropriate Nature's productions in a form adapted to his own wants.

By thus acting on the external world and changing it, he at the same time changes his own nature.

He develops his slumbering powers and compels them to act in obedience to his sway. We are not now dealing with those primitive instinctive forms of labour that remind us of the mere animal.

A spider conducts operations that resemble those of a weaver, and a bee puts to shame many an architect in the construction of her cells.

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We presuppose labour in a form that stamps it as exclusively human.

A spider conducts operations that resemble those of a weaver, and a bee puts to shame many an architect in the construction of her cells.

But what distinguishes the worst architect from the best of bees is this, that the architect raises his structure in imagination before he erects it in reality.

Our capitalist stares in astonishment.

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This two and a half days' labour is also represented by a piece of gold of the value of fifteen shillings. Hence, fifteen shillings is an adequate price for the 10 lbs. of yarn, or the price of one pound is eighteen-pence.

Our capitalist stares in astonishment.

The value of the product is exactly equal to the value of the capital advanced. The value so advanced has not expanded, no surplus-value has been created, and consequently money has not been converted into capital.

The way to Hell is paved with good intentions, and he might just as easily have intended to make money, without producing at all.

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Our capitalist, who is at home in his vulgar economy, exclaims: "Oh! but I advanced my money for the express purpose of making more money."

The way to Hell is paved with good intentions, and he might just as easily have intended to make money, without producing at all.

He threatens all sorts of things. He won't be caught napping again. In future he will buy the commodities in the market, instead of manufacturing them himself.

The trick has at last succeeded; money has been converted into capital.

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The value of the yarn is 30 shillings. Therefore the value of the product is greater than the value advanced for its production; 27 shillings have been transformed into 30 shillings; a surplus-value of 3 shillings has been created.

The trick has at last succeeded; money has been converted into capital.

Every condition of the problem is satisfied, while the laws that regulate the exchange of commodities, have been in no way violated. Equivalent has been exchanged for equivalent.

Chapter 8

Every day brings a man 24 hours nearer to his grave: but how many days he has still to travel on that road, no man can tell accurately by merely looking at him.

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The lifetime of an instrument of labour, therefore, is spent in the repetition of a greater or less number of similar operations. Its life may be compared with that of a human being.

Every day brings a man 24 hours nearer to his grave: but how many days he has still to travel on that road, no man can tell accurately by merely looking at him.

This difficulty, however, does not prevent life insurance offices from drawing, by means of the theory of averages, very accurate, and at the same time very profitable conclusions. So it is with the instruments of labour.

Chapter 9

He creates surplus-value which, for the capitalist, has all the charms of a creation out of nothing.

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During the second period of the labour-process, that in which his labour is no longer necessary labour, the workman, it is true, labours, expends labour-power; but his labour, being no longer necessary labour, he creates no value for himself.

He creates surplus-value which, for the capitalist, has all the charms of a creation out of nothing.

This portion of the working day, I name surplus labour-time, and to the labour expended during that time, I give the name of surplus-labour.

Chapter 10

Capital is dead labour, that vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks.

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As capitalist, he is only capital personified. His soul is the soul of capital. But capital has one single life impulse, the tendency to create value and surplus-value, to make its constant factor, the means of production, absorb the greatest possible amount of surplus-labour.

Capital is dead labour, that vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks.

The time during which the labourer works, is the time during which the capitalist consumes the labour-power he has purchased of him.

If the labourer consumes his disposable time for himself, he robs the capitalist.

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Capital is dead labour, that vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks. The time during which the labourer works, is the time during which the capitalist consumes the labour-power he has purchased of him.

If the labourer consumes his disposable time for himself, he robs the capitalist.

The capitalist then takes his stand on the law of the exchange of commodities. He, like all other buyers, seeks to get the greatest possible benefit out of the use-value of his commodity.

What you gain in labour I lose in substance.

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By an unlimited extension of the working day, you may in one day use up a quantity of labour-power greater than I can restore in three.

What you gain in labour I lose in substance.

The use of my labour-power and the spoliation of it are quite different things.

The use of my labour-power and the spoliation of it are quite different things.

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By an unlimited extension of the working day, you may in one day use up a quantity of labour-power greater than I can restore in three. What you gain in labour I lose in substance.

The use of my labour-power and the spoliation of it are quite different things.

If the average time that (doing a reasonable amount of work) an average labourer can live, is 30 years, the value of my labour-power, which you pay me from day to day is 1/365×30 or 1/10950 of its total value.

Between equal rights force decides.

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There is here, therefore, an antinomy, right against right, both equally bearing the seal of the law of exchanges.

Between equal rights force decides.

Hence is it that in the history of capitalist production, the determination of what is a working day, presents itself as the result of a struggle, a struggle between collective capital, i.e., the class of capitalists, and collective labour, i.e., the working class.

"Moments are the elements of profit."

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It is evident that in this atmosphere the formation of surplus-value by surplus-labour, is not secret. "If you allow me," said a highly respectable master to me, "to work only ten minutes in the day over-time, you put one thousand a year in my pocket."

"Moments are the elements of profit."

Nothing is from this point of view more characteristic than the designation of the workers who work full time as "full-timers," and the children under 13 who are only allowed to work 6 hours as "half-timers." The worker is here nothing more than personified labour-time.

The worker is here nothing more than personified labour-time.

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Nothing is from this point of view more characteristic than the designation of the workers who work full time as "full-timers," and the children under 13 who are only allowed to work 6 hours as "half-timers."

The worker is here nothing more than personified labour-time.

All individual distinctions are merged in those of "full-timers" and "half-timers."

"Each successive generation of potters is more dwarfed and less robust than the preceding one."

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Dr. Boothroyd, a medical practitioner at Hanley, says:

"Each successive generation of potters is more dwarfed and less robust than the preceding one."

In like manner another doctor, Mr. M'Bean: "Since he began to practise among the potters 25 years ago, he has observed a marked degeneration especially shown in diminution of stature and breadth." These statements are taken from the report of Dr. Greenhow in 1860.

Dante would have found the worst horrors of his Inferno surpassed in this manufacture.

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A range of the working day from 12 to 14 or 15 hours, night-labour, irregular meal times, meals for the most part taken in the very workrooms that are pestilent with phosphorus.

Dante would have found the worst horrors of his Inferno surpassed in this manufacture.

In the manufacture of paper-hangings the coarser sorts are printed by machine; the finer by hand (block-printing). The most active business months are from the beginning of October to the end of April.

They were ordinary men, not Cyclops.

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During the last five or six years it had been screwed up to 14, 18, and 20 hours, and under a specially severe pressure of holiday-makers, at times of excursion trains, it often lasted for 40 or 50 hours without a break.

They were ordinary men, not Cyclops.

At a certain point their labour-power failed. Torpor seized them. Their brain ceased to think, their eyes to see.

"Our white slaves," cried the "Morning Star,"

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In order to give the doctor a lesson in good manners, the coroner's jury thereupon brought in a verdict that "the deceased had died of apoplexy, but there was reason to fear that her death had been accelerated by over-work in an overcrowded workroom, &c."

"Our white slaves," cried the "Morning Star,"

the organ of the free-traders, Cobden and Bright, "our white slaves, who are toiled into the grave, for the most part silently pine and die."

Steel-making is simply a pretext for surplus-value making.

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F. Sanderson, "this would suit as well, but—" But Messrs. Sanderson have something else to make besides steel.

Steel-making is simply a pretext for surplus-value making.

The smelting furnaces, rolling-mills, &c., the buildings, machinery, iron, coal, &c. have something more to do than transform themselves into steel. They are there to absorb surplus-labour, and naturally absorb more in 24 hours than in 12.

Capital cares nothing for the length of life of labour-power.

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it is the greatest possible daily expenditure of labour-power, no matter how diseased, compulsory, and painful it may be, which is to determine the limits of the labourers' period of repose.

Capital cares nothing for the length of life of labour-power.

All that concerns it is simply and solely the maximum of labour-power, that can be rendered fluent in a working day.

It extends the labourer's time of production during a given period by shortening his actual life-time.

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It produces also the premature exhaustion and death of this labour-power itself.

It extends the labourer's time of production during a given period by shortening his actual life-time.

But the value of the labour-power includes the value of the commodities necessary for the reproduction of the worker, or for the keeping up of the working class.

Après moi le déluge! is the watchword of every capitalist and of every capitalist nation.

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In every stock-jobbing swindle every one knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbour, after he himself has caught the shower of gold and placed it in safety.

Après moi le déluge! is the watchword of every capitalist and of every capitalist nation.

Hence Capital is reckless of the health or length of life of the labourer, unless under compulsion from society. To the outcry as to the physical and mental degradation, the premature death, the torture of overwork, it answers:

It is called the Factory. And the ideal this time fades before the reality.

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The "House of Terror" for paupers of which the capitalistic soul of 1770 only dreamed, was realized a few years later in the shape of a gigantic "Workhouse" for the industrial worker himself.

It is called the Factory. And the ideal this time fades before the reality.

section 6.—the struggle for the normal working day. compulsory limitation by law of the working time. the english factory acts, 1833 to 1864.

Capital celebrated its orgies.

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Even the ideas of day and night, of rustic simplicity in the old statutes, became so confused that an English judge, as late as 1860, needed a quite Talmudic sagacity to explain "judicially" what was day and what was night.

Capital celebrated its orgies.

As soon as the working class, stunned at first by the noise and turmoil of the new system of production, recovered, in some measure, its senses, its resistance began, and first in the native land of machinism, in England.

Labour cannot emancipate itself in the white skin where in the black it is branded.

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In the United States of North America, every independent movement of the workers was paralysed so long as slavery disfigured a part of the Republic.

Labour cannot emancipate itself in the white skin where in the black it is branded.

But out of the death of slavery a new life at once arose. The first fruit of the Civil War was the eight hours' agitation, that ran with the seven-leagued boots of the locomotive from the Atlantic to the Pacific, from New England to California.

Chapter 11

It is now no longer the labourer that employes the means of production, but the means of production that employ the labourer.

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But it is different as soon as we deal with the process of production from the point of view of the process of creation of surplus-value. The means of production are at once changed into means for the absorption of the labour of others.

It is now no longer the labourer that employes the means of production, but the means of production that employ the labourer.

Instead of being consumed by him as material elements of his productive activity, they consume him as the ferment necessary to their own life-process, and the life-process of capital consists only in its movement as value constantly expanding, constantly multiplying itself.

Chapter 12

The general and necessary tendencies of capital must be distinguished from their forms of manifestation.

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But it is only in so far as he ultimately contributes to this result, that he assists in raising the general rate of surplus-value.

The general and necessary tendencies of capital must be distinguished from their forms of manifestation.

It is not our intention to consider, here, the way in which the laws, immanent in capitalist production, manifest themselves in the movements of individual masses of capital, where they assert themselves as coercive laws of competition, and are brought home to the mind and …

Hence there is immanent in capital an inclination and constant tendency, to heighten the productiveness of labour, in order to cheapen commodities, and by such cheapening to cheapen the labourer himself.

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Ten hours were necessary for the reproduction of the value of the labour-power; now only six are required. Four hours have been set free, and can be annexed to the domain of surplus-labour.

Hence there is immanent in capital an inclination and constant tendency, to heighten the productiveness of labour, in order to cheapen commodities, and by such cheapening to cheapen the labourer himself.

The value of a commodity is, in itself, of no interest to the capitalist. What alone interests him, is the surplus-value that dwells in it, and is realisable by sale.

Chapter 13

When the labourer co-operates systematically with others, he strips off the fetters of his individuality, and develops the capabilities of his species.

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This power is due to co-operation itself.

When the labourer co-operates systematically with others, he strips off the fetters of his individuality, and develops the capabilities of his species.

As a general rule, labourers cannot co-operate without being brought together: their assemblage in one place is a necessary condition of their co-operation.

A single violin player is his own conductor; an orchestra requires a separate one.

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… requires, more or less, a directing authority, in order to secure the harmonious working of the individual activities, and to perform the general functions that have their origin in the action of the combined organism, as distinguished from the action of its separate or gans.

A single violin player is his own conductor; an orchestra requires a separate one.

The work of directing, superintending, and adjusting, becomes one of the functions of capital, from the moment that the labour under the control of capital, becomes co-operative. Once a function of capital, it acquires special characteristics.

It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist.

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… production, he, on the contrary, treats the work of control made necessary by the co-operative character of the labour process as identical with the different work of control, necessitated by the capitalist character of that process and the antagonism of interests between capitalist and labourer.

It is not because he is a leader of industry that a man is a capitalist; on the contrary, he is a leader of industry because he is a capitalist.

The leadership of industry is an attribute of capital, just as in feudal times the functions of general and judge were attributes of landed property.

Chapter 14

As the chosen people bore in their features the sign manual of Jehovah, so division of labour brands the manufacturing workman as the property of capital.

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Its functions can be exercised only in an environment that exists in the workshop of the capitalist after the sale. By nature unfitted to make anything independently, the manufacturing labourer developes productive activity as a mere appendage of the capitalist’s workshop.

As the chosen people bore in their features the sign manual of Jehovah, so division of labour brands the manufacturing workman as the property of capital.

The knowledge, the judgment, and the will, which, though in ever so small a degree, are practised by the independent peasant or handicraftsman, in the same way as the savage makes the whole art of war consist in the exercise of his personal cunning—these faculties …

Intelligence in production expands in one direction, because it vanishes in many others.

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… ever so small a degree, are practised by the independent peasant or handicraftsman, in the same way as the savage makes the whole art of war consist in the exercise of his personal cunning—these faculties are now required only for the workshop as a whole.

Intelligence in production expands in one direction, because it vanishes in many others.

What is lost by the detail labourers, is concentrated in the capital that employs them.

The subdivision of labour is the assassination of a people.

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“To subdivide a man is to execute him, if he deserves the sentence, to assassinate him if he does not.…

The subdivision of labour is the assassination of a people.

”

Chapter 15

Of all the great motors handed down from the manufacturing period, horse-power is the worst, partly because a horse has a head of his own, partly because he is costly, and the extent to which he is applicable in factories is very restricted.

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But assuming that he is acting simply as a motor, that a machine has taken the place of his tool, it is evident that he can be replaced by natural forces.

Of all the great motors handed down from the manufacturing period, horse-power is the worst, partly because a horse has a head of his own, partly because he is costly, and the extent to which he is applicable in factories is very restricted.

Nevertheless the horse was extensively used during the infancy of Modern Industry. This is proved, as well by the complaints of contemporary agriculturists, as by the term "horse-power," which has survived to this day as an expression for mechanical force.

Hence nowhere do we find a more shameful squandering of human labour-power for the most despicable purposes than in England, the land of machinery.

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In England women are still occasionally used instead of horses for hauling canal boats, because the labour required to produce horses and machines is an accurately known quantity, while that required to maintain the women of the surplus population is below all calculation.

Hence nowhere do we find a more shameful squandering of human labour-power for the most despicable purposes than in England, the land of machinery.

section 3.—-the approximate effects of machinery on the workman.

Only fancy! making “useless” for a single moment, a capital that has cost £100,000! It is, in truth, monstrous, that a single one of our people should ever leave the factory!

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“When a labourer,” said Mr. Ashworth, a cotton magnate, to Professor Nassau W. Senior, “lays down his spade, he renders useless, for that period, a capital worth eighteenpence. When one of our people leaves the mill, he renders useless a capital that has cost £100,000.”

Only fancy! making “useless” for a single moment, a capital that has cost £100,000! It is, in truth, monstrous, that a single one of our people should ever leave the factory!

The increased use of our machinery, as Senior after the instruction he received from Ashworth clearly perceives, makes a constantly increasing lengthening of the working day “desirable.”

Oh! those heathens! They understood, as the learned Bastiat, and before him the still wiser MacCulloch have discovered, nothing of political economy and Christianity.

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And Antipatros, a Greek poet of the time of Cicero, hailed the invention of the water-wheel for grinding corn, an invention that is the clementary form of all machinery, as the giver of freedom to female slaves, and the bringer back of the golden age.

Oh! those heathens! They understood, as the learned Bastiat, and before him the still wiser MacCulloch have discovered, nothing of political economy and Christianity.

They did not, for example, comprehend that machinery is the surest means of lengthening the working day. They perhaps excused the slavery of one on the ground that it was a means to the full development of another.

The place of the slave driver’s lash is taken by the overlooker’s book of penalties.

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… unaccompanied by the still more approved representative system, this code is but the capitalistic caricature of that social regulation of the labour-process which becomes requisite in co-operation on a great scale, and in the employment in common, of instruments of labour and especially of machinery.

The place of the slave driver’s lash is taken by the overlooker’s book of penalties.

All punishments naturally resolve themselves into fines and deductions from wages, and the law-giving talent of the factory Lycurgus so arranges matters, that a violation of his laws is, if possible, more profitable to him than the keeping of them.

In handicrafts and manufacture, the workman makes use of a tool, in the factory, the machine makes use of him.

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Here as everywhere else, we must distinguish between the increased productiveness due to the development of the social process of production, and that due to the capitalist exploitation of that process.

In handicrafts and manufacture, the workman makes use of a tool, in the factory, the machine makes use of him.

There the movements of the instrument of labour proceed from him, here it is the movements of the machine that he must follow. In manufacture the workmen are parts of a living mechanism.

Is Fourier wrong when he calls factories "tempered bagnos?"

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… for the life of the workman while he is at work, robbery of space, light, air, and of protection to his person against the dangerous and unwholesome accompaniments of the productive process, not to mention the robbery of appliances for the comfort of the workman.

Is Fourier wrong when he calls factories "tempered bagnos?"

Section 5.—the strife between workman and machine.

The labourers are first driven from the land, and then come the sheep.

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on the other hand, when the labourers are displaced by the instruments of labour, by sheep, horses, &., in this case force is directly resorted to in the first instance as the prelude to the industrial revolution.

The labourers are first driven from the land, and then come the sheep.

Land grabbing on a great scale, such as was perpetrated in England, is the first step in creating a field for the establishment of agriculture on a great scale. Hence this subversion of agriculture puts on, at first, more the appearance of a political revolution.

History discloses no tragedy more horrible than the gradual extinction of the English handloom weavers, an extinction that was spread over several decades, and finally sealed in 1838.

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The first consolation neutralizes the second. When machinery seizes on an industry by degrees, it produces chronic misery among the operatives who compete with it. Where the transition is rapid, the effect is acute and felt by great masses.

History discloses no tragedy more horrible than the gradual extinction of the English handloom weavers, an extinction that was spread over several decades, and finally sealed in 1838.

Many of them died of starvation, many with families vegetated for a long time on 21/2 d. a day. On the other hand, the English cotton machinery produced an acute effect in India. The Governor General reported 1834-35.

The bones of the cotton-weavers are bleaching the plains of India.

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a day. On the other hand, the English cotton machinery produced an acute effect in India. The Governor General reported 1834-35. “The misery hardly finds a parallel in the history of commerce.

The bones of the cotton-weavers are bleaching the plains of India.

” No doubt, in turning them out of this “temporal” world, the machinery caused them no more than “a temporary inconvenience.” For the rest, since machinery is continually seizing upon new fields of production, its temporary effect is really permanent.

The mode of expression, you see, is everything.

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… simple fact, by no means a new one, that machinery cuts off the workmen from their means of subsistence is, therefore, in economical parlance tantamount to this, that machinery liberates means of subsistence for the workman, or converts those means into capital for his employment.

The mode of expression, you see, is everything.

Nominibus mollire licet mala.

The life of modern industry becomes a series of periods of moderate activity, prosperity, over-production, crisis and stagnation.

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The enormous power, inherent in the factory system, of expanding by jumps, and the dependence of that system on the markets of the world, necessarily beget feverish production, followed by over-filling of the markets, whereupon contraction of the markets brings on crippling of production.

The life of modern industry becomes a series of periods of moderate activity, prosperity, over-production, crisis and stagnation.

The uncertainty and instability to which machinery subjects the employment, and consequently the conditions of existence, of the operatives become normal, owing to these periodic changes of the industrial cycle.

The Pharisee of a capitalist represented by one of his servants, accompanies this action, of course, with the unctuous phrase: “That’s for mother,” yet he knows well enough that the poor children must sit up and help.

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This sort of work is giving out within a circle of 80 miles radius from Nottingham. Om leaving the warehouses at 9 or 10 o’clock at night, the children are often given a bundle of lace to take home with them and finish.

The Pharisee of a capitalist represented by one of his servants, accompanies this action, of course, with the unctuous phrase: “That’s for mother,” yet he knows well enough that the poor children must sit up and help.

Pillow lace making is chiefly carried on in England in two agricultural districts one, the Honiton lace district, extending from 20 to 30 miles along the south coast of Devonshire, and including a few places in North Devon;

No poison kills vermin with more certainty than the Factory Act removes such everlasting barriers.

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… day without restriction as to length, wherever there is night work and unrestricted waste of human life, there the slightest obstacle presented by the nature of the work to a change for the better is soon looked upon as an everlasting barrier erected by Nature.

No poison kills vermin with more certainty than the Factory Act removes such everlasting barriers.

No one made a greater outcry over “impossibilities” than our friends the earthenwares manufacturers. In 1864, however, they were brought under the Act, and within sixteen months every “impossibility” had vanished.

"They are curious men," said one of the witnesses, a shoemaker, speaking of the masters, "they think it does a boy no harm to work too hard for half the year, if he is nearly idle for the other half."

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or 2 a.m., or as the usual phrase is, "all hours," and that in localities where "the stench is enough to knock you down, you go to the door, perhaps, and open it, but shudder to go further."

"They are curious men," said one of the witnesses, a shoemaker, speaking of the masters, "they think it does a boy no harm to work too hard for half the year, if he is nearly idle for the other half."

In the same way as technical impediments, so too, those "usages which have grown with the growth of trade" were and still are proclaimed by interested capitalists as obstacles due to the nature of the work.

Capitalist production, therefore, developes technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth—the soil and the labourer.

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The more a country starts its development on the foundation of modern industry, like the United States, for example, the more rapid is this process of destruction.

Capitalist production, therefore, developes technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth—the soil and the labourer.

Chapter 16

To be a productive labourer is, therefore, not a piece of luck, but a misfortune.

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… a productive labourer implies not merely a relation between work and useful effect, between labourer and product of labour, but also a specific, social relation of production, a relation that has sprung up historically and stamps the labourer as the direct means of creating surplus-value.

To be a productive labourer is, therefore, not a piece of luck, but a misfortune.

In Book IV. which treats of the history of the theory, it will be more clearly seen, that the production of surplus-value has at all times been made, by classical political economists, the distinguishing characteristic of the productive labourer.

Of course it is very true, that if a bird’s nest did not last longer than the time it takes in building, birds would have to do without nests.

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According to this view, a baker whose product lasts only a day, could never extract from his workpeople the same profit, as a machine maker whose products endures for 20 years and more.

Of course it is very true, that if a bird’s nest did not last longer than the time it takes in building, birds would have to do without nests.

This fundamental truth once established, Mill establishes his own superiority over the mercantilists. “We thus see,” he proceeds, “that profit arises, not from the incident of exchange, but from the productive power of labour;

On the level plain, simple mounds look like hills; and the imbecile flatness of the present bourgeoisie is to be measured by the altitude of its great intellects.

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In reality, the labourer advances his labour gratuitously to the capitalist during, say one week, in order to receive the market price at the end of the week, &c., and it is this which, according to Mill, transforms him into a capitalist.

On the level plain, simple mounds look like hills; and the imbecile flatness of the present bourgeoisie is to be measured by the altitude of its great intellects.

Chapter 17

In capitalist society spare time is acquired for one class by converting the whole life-time of the masses into labour-time.

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In this direction, the shortening of the working-day finds at last a limit in the generalisation of labour.

In capitalist society spare time is acquired for one class by converting the whole life-time of the masses into labour-time.

Chapter 18

Capital, therefore, is not only, as Adam Smith says, the command over labour. It is essentially the command over unpaid labour.

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During the other period, the period of surplus-labour, the usufruct of the labour-power creates a value for the capitalist, that costs him no equivalent. This expenditure of labour-power comes to him gratis. In this sense it is that surplus-labour can be called unpaid labour.

Capital, therefore, is not only, as Adam Smith says, the command over labour. It is essentially the command over unpaid labour.

Al surplus-value, whatever particular form (profit, interest, or rent), it may subsequently crystallise into, is in substance the materialisation of unpaid labour. The secret of the self-expansion of capital resolves itself into having the disposal of a definite quantity of other people’s unpaid labour.

The secret of the self-expansion of capital resolves itself into having the disposal of a definite quantity of other people’s unpaid labour.

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Capital, therefore, is not only, as Adam Smith says, the command over labour. It is essentially the command over unpaid labour. Al surplus-value, whatever particular form (profit, interest, or rent), it may subsequently crystallise into, is in substance the materialisation of unpaid labour.

The secret of the self-expansion of capital resolves itself into having the disposal of a definite quantity of other people’s unpaid labour.

Chapter 19

Labour is the substance, and the immanent measure of value, but has itself no value.

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What the latter sells is his labour-power. As soon as his labour actually begins, it has already ceased to belong to him; it can therefore no longer be sold by him.

Labour is the substance, and the immanent measure of value, but has itself no value.

In the expression "value of labour," the idea of value is not only completely obliterated, but actually reversed. It is an expression as imaginary as the value of the earth. These imaginary expressions, arise, however, from the relations of production themselves.

That in their appearance things often represent themselves in inverted form is pretty well known in every science except political economy.

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It is an expression as imaginary as the value of the earth. These imaginary expressions, arise, however, from the relations of production themselves. They are categories for the phenomenal forms of essential relations.

That in their appearance things often represent themselves in inverted form is pretty well known in every science except political economy.

Classical political economy borrowed from every-day life the category "price of labour" without further criticism, and then simply asked the question, how is this price determined?

In wage-labour, on the contrary, even surplus labour, or unpaid labour, appears as paid. There the property-relation conceals the labour of the slave for himself; here the money-relation conceals the unrequited labour of the wage-labourer.

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All the slave's labour appears as unpaid labour.

In wage-labour, on the contrary, even surplus labour, or unpaid labour, appears as paid. There the property-relation conceals the labour of the slave for himself; here the money-relation conceals the unrequited labour of the wage-labourer.

Hence, we may understand the decisive importance of the transformation of value and price of labour-power into the form of wages, or into the value and price of labour itself.

Chapter 22

A step further, and he will, perhaps, discover that the one evil in capitalist production is capital itself.

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Finally, he discovered that it is, in the last resort, commerce that destroys the inborn beauties and harmonies of the capitalist mode of production.

A step further, and he will, perhaps, discover that the one evil in capitalist production is capital itself.

Only a man with such atrocious want of the critical faculty and such spurious erudition deserved, in spite of his Protectionist heresy, to become the secret source of the harmonious wisdom of a Bastiat, and of all the other Free Trade optimists of to-day.

Chapter 23

The consumption of food by a beast of burden is none the less a necessary factor in the process of production, because the beast enjoys what it eats.

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just as cleaning machinery does, whether it be done while the machinery is working or while it is standing. The fact that the labourer consumes his means of subsistence for his own purposes, and not to please the capitalist, has no bearing on the matter.

The consumption of food by a beast of burden is none the less a necessary factor in the process of production, because the beast enjoys what it eats.

The maintenance and reproduction of the working-class is, and must ever be, a necessary condition to the reproduction of capital. But the capitalist may safely leave its fulfillment to the labourer’s instincts of self-preservation and of propagation.

The Roman slave was held by fetters: the wage-labourer is bound to his owner by invisible threads.

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Individual consumption provides, on the one hand, the means for their maintenance and reproduction: on the other hand, it secures by the annihilation of the necessaries of life, the continued reappearance of the workman in the labour-market.

The Roman slave was held by fetters: the wage-labourer is bound to his owner by invisible threads.

The appearance of independence is kept up by means of a constant change of employers, and by the fictio juris of a contract.

Human machinery will rust under inaction, oil and rub it as you may.

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We must confess that we do not think it ‘worth while,’ or even possible, to keep the human machinery in order—that is to shut it up and keep it oiled till it is wanted.

Human machinery will rust under inaction, oil and rub it as you may.

Moreover, the human machinery will, as we have just seen, get the steam up of its own accord, and burst or run a muck in our great towns.

Chapter 24

The more the capitalist has accumulated, the more is he able to accumulate.

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The ownership of past unpaid labour is thenceforth the sole condition for the appropriation of living unpaid labour on a constantly increasing scale.

The more the capitalist has accumulated, the more is he able to accumulate.

In so far as the surplus-value, of which the additional capital, No.

Accumulate, accumulate! That is Moses and the prophets!

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What would the good Dr. Aikin say if he could rise from his grave and see the Manchester of to-day?

Accumulate, accumulate! That is Moses and the prophets!

“Industry furnishes the material which saving accumulates.” Therefore, save, save, i.e., reconvert the greatest possible portion of surplus-value, or surplus-product into capital! Accumulation for accumulation’s sake, production for production’s sake:

Chapter 25

Accumulation of capital is, therefore, increase of the proletariat.

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which cannot get free from capital, and whose enslavement to capital is only concealed by the variety of individual capitalists to whom it sells itself, this reproduction of labour-power forms, in fact, an essential of the reproduction of capital itself.

Accumulation of capital is, therefore, increase of the proletariat.

Classical economy grasped this fact so thoroughly that Adam Smith, Ricardo, &c., as mentioned earlier, inaccurately identified accumulation with the consumption, by the productive labourers, of all the capitalised part of the surplus-product, or with its transformation into additional wage labourers.

As, in religion, man is governed by the products of his own brain, so in capitalistic production, he is governed by the products of his own hand.

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It cannot be otherwise in a mode of production in which the labourer exists to satisfy the needs of self-expansion of existing values, instead of on the contrary, material wealth existing to satisfy the needs of development op the part of the labourer.

As, in religion, man is governed by the products of his own brain, so in capitalistic production, he is governed by the products of his own hand.

SECTION 2.—RELATIVE DIMINUTION OF THE VARIABLE PART OF CAPITAL SIMULTANEOUSLY WITH THE PROGRESS OF ACCUMULATION AND OF THE CONCENTRATION THAT ACCOMPANIES IT.

Capital grows in one place to a huge mass in a single hand, because it has in another place been lost by many.

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This process differs from the former in this, that it only presupposes a change in the distribution of capital already to hand, and functioning; its field of action is therefore not limited by the absolute growth of social wealth, by the absolute limits of accumulation.

Capital grows in one place to a huge mass in a single hand, because it has in another place been lost by many.

This is centralisation proper, as distinct from accumulation and concentration.

In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists.

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It always ends in the ruin of many small capitalists, whose capitals partly pass into the hand of their conquerors, partly vanish. Apart from this, with capitalist production an altogether new force comes into play—the credit system.

In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists.

But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals.

The world would still be without railroads, if it had been obliged to wait until accumulation should have enabled a few individual capitals to undertake the construction of a railroad.

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… is evident, however, that accumulation, the gradual propagation of capital by a reproduction passing from a circular into a spiral form, is a very slow process as compared with centralisation, which needs but to alter the quantitative grouping of the integral parts of social capital.

The world would still be without railroads, if it had been obliged to wait until accumulation should have enabled a few individual capitals to undertake the construction of a railroad.

Centralisation, on the other hand, accomplished this by a turn of the hand through stock companies.

An abstract law of population exists for plants and animals only, and only in so far as man has not interfered with them.

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and it does this to an always increasing extent. This is a law of population peculiar to the capitalist mode of production; and in fact every special historic mode of production has its own special laws of population, historically valid within its limits alone.

An abstract law of population exists for plants and animals only, and only in so far as man has not interfered with them.

But if a surplus labouring population is a necessary product of accumulation or of the development of wealth on a capitalist basis, this surplus population becomes, conversely, the lever of capitalistic accumulation, nay, a condition of existence of the capitalist mode of production.

The agricultural labourer is therefore reduced to the minimum of wages, and always stands with one foot already in the swamp of pauperism.

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This source of relative surplus-population is thus constantly flowing. But the constant flow towards the towns presupposes, in the country itself, a constant latent surplus-population, the extent of which becomes evident only when its channels of outlet open to exceptional width.

The agricultural labourer is therefore reduced to the minimum of wages, and always stands with one foot already in the swamp of pauperism.

The third category of the relative surplus-population, the stagnant, forms a part of the active labour army, but with extremely irregular employment. Hence it furnishes to capital an inexhaustible reservoir of disposable labour-power.

Pauperism is the hospital of the active labour-army and the dead weight of the industrial reserve-army.

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people who have passed the normal age of the labourer; the victims of industry, whose number increases with the increase of dangerous machinery, of mines, chemical works, &c., the mutilated, the sickly, the widows, &c.

Pauperism is the hospital of the active labour-army and the dead weight of the industrial reserve-army.

Its production is included in that of the relative surplus-population, its necessity in theirs; along with the surplus-population, pauperism forms a condition of capitalist production, and of the capitalist development of wealth. It enters into the faux frais of capitalist production;

Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole, i.e., on the side of the class that produces its own product in the form of capital.

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It establishes an accumulation of misery, corresponding with accumulation of capital.

Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole, i.e., on the side of the class that produces its own product in the form of capital.

This antagonistic character of capitalistic accumulation is enunciated in various forms by political economists, although by them it is confounded with phenomena, certainly to some extent analogous, but nevertheless essentially distinct, and belonging to precapitalistic modes of production.

They are the light infantry of capital, thrown by it, according to its needs, now to this point, now to that.

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We turn now to a class of people whose origin is agricultural, but whose occupation is in great part industrial.

They are the light infantry of capital, thrown by it, according to its needs, now to this point, now to that.

When they are not on the march, they "camp." Nomad labour is used for various operation of building and draining, brick-making, lime-burning, railway-making, &c.

He is a zero in farming calculations.

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… cost of the hind” (a name for the agricultural labourer, inherited from time of serfdom) “is fixed at the lowest possible amount on which he can live … the supplies of wages and shelter are not calculated on the profit to be derived from him.

He is a zero in farming calculations.

… The means [of subsistence] being always supposed to be a fixed quantity. As to any further reduction of his income, he may say, nihil habeo nihil curo.

The cleanly weeded land, and the uncleanly human weeds, of Lincolnshire, are pole and counterpole of capitalistic production.

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… on the one hand, a greater or less lack of employment for the agricultural labourer is admitted, while on the other, the gang-system is at the same time declared "necessary" on account of the want of adult male labour and its migration to the towns.

The cleanly weeded land, and the uncleanly human weeds, of Lincolnshire, are pole and counterpole of capitalistic production.

In concluding this section, we must travel for a moment to Ireland. First, the main facts of the case.

The Irish famine of 1846 killed more than 1,000,000 people, but it killed poor devils only.

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… naïveté, into the bargain, overlooked the fact that whilst, after the plague and the decimation that accompanied it, followed on this side of the channel, in England, enfranchisement and enrichment of the agricultural population, on that side, in France, followed greater servitude and more misery.

The Irish famine of 1846 killed more than 1,000,000 people, but it killed poor devils only.

To the wealth of the country it did not the slightest damage. The exodus of the next 20 years, an exodus still constantly increasing did not, as, e.g., the thirty years’ war, decimate, along with the human beings, their means of production.

Chapter 26

This primitive accumulation plays in Political Economy about the same part as original sin in theology.

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an accumulation not the result of the capitalist mode of production, but its starting point.

This primitive accumulation plays in Political Economy about the same part as original sin in theology.

Adam bit the apple, and thereupon sin fell on the human race. Its origin is supposed to be explained when it is told as an anecdote of the past. In times long gone by there were two sorts of people;

In actual history it is notorious that conquest, enslavement, robbery, murder, briefly force, play the great part.

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But as soon as the question of property crops up, it becomes a sacred duty to proclaim the intellectual food of the infant as the one thing fit for all ages and for all stages of development.

In actual history it is notorious that conquest, enslavement, robbery, murder, briefly force, play the great part.

In the tender annals of Political Economy, the idyllic reigns from time immemorial. Right and “labour” were from all time the sole means of enrichment, the present year of course always excepted.

In the tender annals of Political Economy, the idyllic reigns from time immemorial.

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In actual history it is notorious that conquest, enslavement, robbery, murder, briefly force, play the great part.

In the tender annals of Political Economy, the idyllic reigns from time immemorial.

Right and “labour” were from all time the sole means of enrichment, the present year of course always excepted. As a matter of fact, the methods of primitive accumulation are anything but idyllic.

The so-called primitive accumulation, therefore, is nothing else than the historical process of divorcing the producer from the means of production.

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a process that transforms, on the one hand, the social means of subsistence and of production into capital, on the other, the immediate producers into wage-labourers.

The so-called primitive accumulation, therefore, is nothing else than the historical process of divorcing the producer from the means of production.

It appears as primitive, because it forms the pre-historic stage of capital and of the mode of production corresponding with it.

And the history of this, their expropriation, is written in the annals of mankind in letters of blood and fire.

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But, on the other hand, these new freedmen became sellers of themselves only after they had been robbed of all their own means of production, and of all the guarantees of existence afforded by the old feudal arrangements.

And the history of this, their expropriation, is written in the annals of mankind in letters of blood and fire.

The industrial capitalists, these new potentates, had on their part not only to displace the guild masters of handicrafts, but also the feudal lords, the possessors of the sources of wealth.

Chapter 27

As Thornton rightly has it, the English working-class was precipitated without any transition from its golden into its iron age.

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A comparison of the writings of Chancellor Fortescue and Thomas More reveals the gulf between the 15th and 16th century.

As Thornton rightly has it, the English working-class was precipitated without any transition from its golden into its iron age.

Legislation was terrified at this revolution.

They became amphibious and lived, as an English author says, half on land and half on water, and withal only half on both.

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In the year 1835 the 15,000 Gaels were already replaced by 131,000 sheep. The remnant of the aborigines flung on the sea-shore, tried to live by catching fish.

They became amphibious and lived, as an English author says, half on land and half on water, and withal only half on both.

But the brave Gaels must expiate yet more bitterly their idolatry, romantic and of the mountains, for the “great men” of the clan. The smell of their fish rose to the noses of the great men.

Deer forests and the people cannot co-exist.

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and the latter were driven to seek subsistence on coarser and more sterile tracks of soil. Now deer are supplanting sheep; and these are once more dispossessing the small tenants, who will necessarily be driven down upon still coarser land and to more grinding penury.

Deer forests and the people cannot co-exist.

One or other of the two must yield. Let the forests be increased in number and extent during the next quarter of a century, as they have been in the last, and the Gaels will perish from their native soil. . . .

Chapter 28

The fathers of the present working-class were chastised for their enforced transformation into vagabonds and paupers.

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They were turned en masse into beggars, robbers, vagabonds, partly from inclination, in most cases from stress of circumstances. Hence at the end of the 15th and during the whole of the 16th century, throughout Western Europe a bloody legislation against vagabondage.

The fathers of the present working-class were chastised for their enforced transformation into vagabonds and paupers.

Legislation treated them as “voluntary” criminals, and assumed that it depended on their own goodwill to go on working under the old conditions that no longer existed.

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