this post was submitted on 12 Oct 2026
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[–] 6kb_@lemmygrad.ml 6 points 1 week ago* (last edited 1 week ago) (3 children)
[–] 6kb_@lemmygrad.ml 6 points 1 week ago (1 children)

A rise in the productivity of labor implies a more rapid growth of constant capital as compared with variable capital. Inasmuch as surplus value is a function of variable capital alone, it is obvious that the rate of profit (the ratio of surplus value to the whole capital, not to its variable part alone) tends to fall.

HOLY FUCK HE SAID THE THING

[–] 6kb_@lemmygrad.ml 5 points 1 week ago (4 children)

i don’t get the land and soil part so far

[–] 6kb_@lemmygrad.ml 4 points 1 week ago

okay, eyes basically glazed over the last part. i think i’ll take a rest before coming back at all to this

only thing i saw when glazing over and thought for sure i should note down and thik about but idk anything about it aside from word recognition and faintest impressions ->(Co-operative societies, i.e., associations of small peasants, while playing an extremely progressive bourgeois role, only weakens this tendency, without eliminating it; nor must it be forgotten that these co-operative societies do much for the well-to-do peasants, and very little—next to nothing—for the mass of poor peasants; then the associations themselves become exploiters of hired labor.)

[–] 6kb_@lemmygrad.ml 4 points 1 week ago

Further, the equalisation of profit in all branches of industry and the national economy in general presupposes complete freedom of competition and the free flow of capital from one branch to another. However, the private ownership of land creates monopoly, which hinders that free flow.

#dontgetit

get the first part i THINK where competition between enterprises necessitates extremely comparable profit margins (as price was defined earlier, in my probably faulty understanding,) which is a constraint on design and operations (as in, i can’t get too different from my competitor, let’s say i sell dolls and i make dolls that are higher quality and higher price, but my other competitor does not and C or constant capital is lower), don’t get the ‘branch’ thing STILL and what it actually refers to

[–] 6kb_@lemmygrad.ml 4 points 1 week ago

"law of diminishing returns", which charges Nature with the defects, limitations and contradictions of capitalism, is profoundly erroneous.

he is against this law which i assume is popular and well defined economic theory and my basic outsider understanding or interpretation is that this is the one where it’s like it’s an absolute rule all input eventually returns diminishing payoff, but how does this not apply to soil and land, even if we account for real improvements in technology? (i’m thinking of green revolution/agricultural technology improvements irl, that i admittedy dont know anything useful or expert level about)

[–] 6kb_@lemmygrad.ml 4 points 1 week ago

as i kept reading it seemed more related to discussing the relation of price, value, constant capital/input in the case of soil and land in selling crops, as naturally one acre of land may not produce same value for input as another

[–] 6kb_@lemmygrad.ml 4 points 1 week ago* (last edited 1 week ago) (1 children)

Constant capital, which is expended on means of production (machinery, tools, raw materials, etc.), whose value, without any change, is transferred (immediately or part by part) to the finished product; secondly, variable capital, which is expended on labor power. The value of this latter capital is not invariable, but grows in the labor process, creating surplus value.

given this i understand at least in the relation to maximizing surplus value, and the idea marx and lenin both acknowledge where the pocketed value does not go merely to the individual capitalist, but for the sake of the enterprise’s survival, more capital or the expansion of the means of production/improvement

is this a correct understanding (below)

spoiler

Competition among capitalists, and their freedom to transfer their capital from one branch to another, will in both cases reduce the rate of profit to the average. The sum total of the values of all the commodities in a given society coincides with the sum total of the prices of the commodities, but, in individual undertakings and branches of production, as a result of competition, commodities are sold, not at their values but at the prices of production (or production prices), which are equal to the capital expended plus the average profit.

what’s the branch first off, did i i miss something

next part i understand as let’s say enterprise A and B sell the same commodity. obviously both must at least sell the commodity for the cost they expended in production!!! let’s say B is less effective and so the commodity is more expensive at the most basic! but to maintain the same profit margins and capital of enterprise A and continue competing they must upmark it to have the same profits as enterprise A in the end… which should be right, no?

[–] 6kb_@lemmygrad.ml 4 points 1 week ago

In this way, the well-known and indisputable fact of the divergence between prices and values and of the equalization of profits is fully explained by Marx on the basis of law of value, since the sum total of values of all commodities coincides with the sum total of prices. However, the equating of (social) value to (individual) prices does not take place simply and directly, but in a very complex way.

now i do not get it again it feels :(