Capital consists of raw materials, instruments of labor, and means of subsistence of all kinds, which are employed in producing new raw materials, new instruments, and
new means of subsistence. All these components of capital are created by labour,
products of labour, accumulated labour. Accumulated labour that serves as a means to
new production is capital.
This pamphlet first appeared in the form of a series of leading articles in the Neue Rheinische Zeitung,
beginning on April 4th, 1849. The text is made up of from lectures delivered by Marx before the German
Workingmen's Club of Brussels in 1847. The series was never completed. The promise "to be
continued", at the end of the editorial in Number 269 of the newspaper, remained unfulfilled in
consequence of the precipitous events of that time: the invasion of Hungary by the Russians [Tsarist
troops invaded hungary in 1849 to keep the Austrian Hapsburg dynasty in power], and the uprisings in
Dresden, Iserlohn, Elberfeld, the Palatinate, and in Baden [Spontaneous uprisings in Germany in
May-July 1849, supporting the Imperial Constituion which were crushed in mid-July], which led to the
suppression of the paper on May 19th, 1849. And among the papers left by Marx no manuscript of any
continuation of these articles has been found.
On the occasion of the 150 years since the publication of "Das Kapital" (The Capital)- the most significant book for the world's working class- we remember some basic thoughts written by Karl Marx.
The commodity is first of all, an external object, a thing which through its qualities satisfies human needs of whatever kind. The nature of these needs, whether they arise, for example, from the stomach, or the imagination, makes no difference. Nor does it matter here how the thing satisfies man's need, whether directly as a means of subsistence, i.e. an object of consumption, or indirectly as a means of production
Vol. I, Ch. 1, Section 1, pg. 41.
Every commodity is compelled to chose some other commodity for its equivalent.
“Globalization” is a slippery term: 1. Sometimes it is used as a description of the quantitative changes in the global economy that emerged in the 1980s. 2. Sometimes it is used to express a set of policy prescriptions that gained traction in that same period. 3. Sometimes it is used to name a theory positing a new era, epoch, or stage of capitalism, a qualitative change in the way that contemporary capitalism functions.
And sometimes the word is used in all three senses:
According to the latest report published by Oxfameight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity. Oxfam's report 'An economy for the 99%', shows that the gap between rich and poor is far greater than had been feared.
• Eight men now own the same amount of wealth as the poorest half of the world.
• Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs – a sum larger than the GDP of India, a country of 1.3 billion people.
• The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.
• A FTSE-100 CEO earns as much in a year as 10,000 people in working in garment factories in Bangladesh.
• In the US, new research by economist Thomas Piketty shows that over the last 30 years the growth in the incomes of the bottom 50% has been zero, whereas incomes of the top 1% have grown 300%.
• In Vietnam, the country’s richest man earns more in a day than the poorest person earns in 10 years.
The poorest half of the world's population shares a bit under the 1% of the global wealth, while the richest 10% owns the 88% of the total global wealth. The 0.7% of the world's population owns 116.6 trillion dollars!
1. The richest 1% of the world's population controls half of the global wealth. Despite the economic crisis, the number of millionaires in a worldwide scale was increased during the last 12 months of 2016.
2. According to a survey by Credit Suisse, 3.4 billion people- the 71% of the world's population- share only 7.4 trillion dollars, less than the wealth of the 2,473 billionaires around the world.
3. The total number of billionaires grew by 81% since 2009, a year after the collapse of Lehman Brothers, while their wealth was more than doubled. According to data provided by Wealth-X and UBS, 16.6 million people (0.334% of the global population) own 77 trillion dollars, which is almost the annual global GDP.
4. Approximately 211,275 millionaires (0.004% of the global population) own the 12.8% (29.7 trillion dollars) of the global wealth, while 2,325 billionaires own 7.3 trillion dollars.
Comment on U.S. President Barack Obama's visit in Greece.
The bourgeois Greek media already celebrate the visit of Barack Obama in Greece, dedicating hymns to how- supposedly- valuable (for Greece) this visit was. The reality is different. The visit of Obama in Greece, during his last foreign trip as U.S. president, has two major conclusions: The first has to do about the continuation of the antipeople, antiworkers measures which the Greek government will continue imposing and the second is connected to Greece's deeper involvement in the dangerous US-NATO-EU warmongering plans in Eastern Mediterranean.
Communist Party of Greece: Statement of the Press Office of the KKE on the Eurogroup Agreement, 25.5.2016 / Source: inter.kke.gr.
The anti-people work of the government has been acknowledged and approved via the Eurogroup agreement on the completion of the assessment.The agreement confirms that the downward spiral is endless, as each tranche installment has new anti-people measures as its precondition. Similarly, any "lightening" of the debt, which was not created by the people, will be accompanied by a new raft of measures in the various phases of its discussion, regardless of how the competition between the IMF and sections of the bourgeois classes of the EU will be expressed and regardless of what its result will be.
The lies of the SYRIZA-ANEL coalition will unravel quickly, as the laws that have just been passed are not the last difficult measures, as the government officials pretended in the previous period.
According to a new study from the National Center for Health Statistics, the suicide rate in the United States has risen dramatically over the past decade-and-a-half.
Adjusting for age, it jumped 24 percent between 1999 and 2014, with the biggest increases coming after 2006. Thirteen out of every 100,000 people now kill themselves, making suicide one of the top 10 leading causes of death in the entire country. This is a serious public health crisis that needs to be fixed, and while we can’t bring back from the dead the people we’ve already lost, there is something we can do as a country to make sure even more people don’t take their own lives. And that something is to stop voting Republican because Republican policies are driving people to kill themselves.
Seriously, I’m not kidding. This isn’t some crazy conspiracy. It’s a well-documented sociological fact. Numerous studies have found a strong connection between right-wing economic policies and suicide. Recent research from sociologists David Stuckler and Sanjay Basu, for example, found that suicide rates in both the U.S. and U.K. increase when working class wages and wealth decline. Things were particularly bad during the recession period here in the U.S. when, according to the study’s authors, there were 4,750 “excess” suicides.
international capitalist economy is going through a profound crisis
characterized mainly by its extensive synchronization. It initially
manifested itself in 2007 in the USA, in the construction sector,
with the depreciation of capital in financial companies, due to the
extensive circulation of investment derivatives in securitized
precarious housing loans.
danger of collapse of US financial giants -that hold powerful
positions in the international market of money capital- caused a
gradual and generalized large decrease of prices in the most
important stock markets in the world. It was the “tip of the
iceberg” in the manifestation of a generalized crisis of
overproduction, overaccumulation of capital.
optimistic version of the current data and assessments of the
international economic organisations pinpoint 2010 as the year of the
lowest point of recession. An increase of the number of unemployed by
25 million has already been registered and it is estimated that
another 40 millions will be added by the end of the year. In
2009, the Gross World Product is expected to shrink by 1,7% according
to the World Bank and by 2,75% according to the OECD. The latter
estimates that the international trade will shrink by 13,2% in 2009.
International Monetary Fund estimates the depreciation of money
capital to 4,1 trillion dollars since the manifestation of the