Marx on capital's globalisation: the dialectic of negativity
By: Chattopadhyay, Paresh.
Material type:
ArticlePublisher: 2002Description: p.1839-842.Subject(s): Capital | Globalization | Marx, Karl
In:
Economic and Political WeeklySummary: Drawing on Hegel, in his Parisian Manuscripts of 1844 Marx first attempted to show how capitalism not only contained within itself conditions for its own negation, but also created elements of the new society that would supersede it. Under capitalism, labour, like other factors, too is converted to a commodity - `surplus labour' with exchange value; while production is not bound by limited needs or needs that limit it. Thus, the more capitalism develops, the more it is compelled to produce on a scale which has little do do with immediate demands but depends instead on a continuous enlargement of the world market - leading to `capital's globalisation'. Yet, even as capitalism seeks to enlarge itself, it creates its own grave diggers - the proletariat who finally revolt against the system. Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 37, Issue no: 19 | Available | AR52756 |
Drawing on Hegel, in his Parisian Manuscripts of 1844 Marx first attempted to show how capitalism not only contained within itself conditions for its own negation, but also created elements of the new society that would supersede it. Under capitalism, labour, like other factors, too is converted to a commodity - `surplus labour' with exchange value; while production is not bound by limited needs or needs that limit it. Thus, the more capitalism develops, the more it is compelled to produce on a scale which has little do do with immediate demands but depends instead on a continuous enlargement of the world market - leading to `capital's globalisation'. Yet, even as capitalism seeks to enlarge itself, it creates its own grave diggers - the proletariat who finally revolt against the system. Reproduced.
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