Monopoly Capital: An Essay on the American Economic and Social Order: 1st (First) Edition

Monopoly Capital: An Essay on the American Economic and Social Order: 1st (First) Edition

Language: English

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Land and Labour: Marxism, Ecology and Human History

The Dialectical Biologist

















function, universal mobility of the laborer; on the other hand, in its capitalistic form, it reproduces the old division of labor with its ossified particularities. We have seen how this insurmountable contradiction robs the worker’s situation of all peace, permanence, and security; how it constantly threatens, by taking away the instruments of labor, to snatch from his hands his means of subsistence, and, by suppressing his particular subdivided task, to make him superfluous. We have seen, too,

vocabulary, I can assure you, when it comes to calling names, and it has been tested by every member of the Institute, and when I call a guy a dirty, low kind of so-and-so price cutter, he knows he has been called a price cutter. I will be frank, and if you want to crucify me, I will add this: I would tell him that if he didn’t stop these damned price cuttings, I would show him how to cut prices, and many times I did cut them, and when I cut a price, and if it was your price I was cutting, take

initial distributor, subsequent distributors, and consumers. The figure for 1929 was 36.6 percent, for 1939, 37.3 percent, and for 1948, 37.4 percent. 18 Even in the most rationally conducted economy there would of course be some costs arising from the need for financial settlements between enterprises and for the services of lawyers rendering legal aid to people or helping settle controversies between economic units. However, these costs would still be defrayed out of economic surplus. 19 John

monopoly capitalism is characterized by a tendency to chronic stagnation as well as to the complex nature of the way in which advertising operates to counteract it. For while it is essential to understand that the entire advertising effort constitutes one mode of utilization of the economic surplus, the manner in which it is treated in business accounting tends to obscure this basic point. The difficulty arises from the fact that advertising expenses, being counted as costs, appear to be on the

this minority when we come to the subject of tokenism. But for the great mass of Negroes the answer is, emphatically and unambiguously, no. The widespread opinion to the contrary, to the extent that it has any factual basis, rests on confusing the step from one ladder to the other with a step up the new ladder. This important point was explained to the Clark Committee by Herman P. Miller, Special Assistant to the Director of the Bureau of the Census and one of the country’s leading authorities on

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