On Fri, Nov 14, 2025 at 10:34 PM, Ed George wrote: > > Nevertheless, it is also true that there is nothing in the mature Marx > (post-48) that supports the view that he held to an immiseration thesis.
The absolute general law of capitalist accumulation in chapter 25 of volume one presents an immiseration thesis for *a portion* of the population rendered surplus by capitalist accumulation. > > The greater the social wealth, the functioning capital, the extent and > energy of its growth, and therefore also the greater the absolute mass of > the proletariat and the productivity of its labour, the greater is the > industrial reserve army. The same causes which develop the expansive power > of capital, also develop the labour power at its disposal. The relative > mass of the industrial reserve army thus increases with the potential > energy of wealth. But the greater this reserve army in proportion to the > active labour-army, the greater is the mass of a consolidated surplus > population, whose misery is in inverse ratio to the amount of torture it > has to undergo in the form of labour. The more extensive, finally, the > pauperized sections of the working class and the industrial reserve army, > the greater is official pauperism. This is the absolute general law of > capitalist accumulation. > -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#39268): https://groups.io/g/marxmail/message/39268 Mute This Topic: https://groups.io/mt/116301050/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
