Capital
idea · 2 works · 2 mentions · 5 anchored passages
capital · accumulated labour · social power
in the texts
The Communist Manifesto
Accumulated labor organized as a social power that exploits living wage-labor; the defining feature of bourgeois society.
To be a capitalist, is to have not only a purely personal, but a social *status* in production.
In bourgeois society, living labour is but a means to increase accumulated labour.
Property, in its present form, is based on the antagonism of capital and wage-labour.
Law in a Free State
The author's redefined economic category comprising any kind of wealth valued for its use as an element of production, including land and labourers.
Now I define capital as those kinds of wealth the value of which is due to the demand for them as elements of production.
The absurd division of wealth into three classes—land, capital, and labour—seems to me not only arbitrary and useless but mischievous.
The capitalisation system, on the other hand, recognises the right of the worker to a share, and a very definite share, of the gross returns of the undertaking.