Lecture 6

Lecture 6 - Marx, Primitive (Original) Accumulation...

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Marx, Primitive (Original) Accumulation
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“Primitive” means “original’” The concept of primitive accumulation means simply “first” or “original” accumulation This refers to the origins of capitalism
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Before capitalist production “stands on its own legs.” “The capitalist system pre-supposes the complete separation of the laborers from all property in the means by which they can realize their labor. As soon as capitalist production is once on its own legs, it not only maintains this separation, but reproduces it on a continually extending scale.”
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Once capital stands on its own legs…. The question is, what happens BEFORE capital stands in its own legs, How did capitalist relations of production come about Genesis of capitalist system= “pre-history” of capital
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Accumulation as a social relation Capitalist Worker Capitalism entails a social relation between capitalist and worker; the reproduction of this relation is called accumulation; the spread of this relation is called expanded accumulation
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Marx states that: “As soon as capitalist production is once on its own legs, it not only maintains this separation, but reproduces it on a continually extending scale.” The capitalist– wage labor relation not only reproduces itself over time, it extends itself over time. New producers are converted to the capitalist-wage labor relation.
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Expansion of capitalist relations This prediction has certainly proved to be true on a world scale; constantly expanding capitalist relations of production Already in the Manifesto, the claim was made that The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarian, nations into civilization. The cheap prices of commodities are the heavy artillery with which it batters down all Chinese walls, with which it forces the barbarians' intensely obstinate hatred of foreigners to capitulate. It compels all nations, on pain of extinction, to adopt the bourgeois mode of production; it compels them to introduce what it calls civilization into their midst, i.e., to become bourgeois themselves. In one word , it creates a world after its own image.
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Question that these chapters on primitive accumulation answer
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Lecture 6 - Marx, Primitive (Original) Accumulation...

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