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Capital Quotes

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Capital Quotes

“And here it becomes evident that the bourgeoisie is unfit any longer to be the ruling class in society and to impose its conditions of existence upon society as an over-riding law. It is unfit to rule because it is incompetent to assure an existence to its slave within his slavery, because it cannot help letting him sink into such a state that it has to feed him instead of being fed by him. Society can no longer live under this bourgeoisie; in other words, its existence is no longer compatible with society. The essential condition for the existence, and for the sway of the bourgeois class, is the formation and augmentation of capital; the condition for capital is wage-labor. Wage-labor rests exclusively on competition between the laborers. The advance of industry, whose involuntary promoter is the bourgeoisie, replaces the isolation of the laborers, due to competition, by their revolutionary combination, due to association. The development of modern industry, therefore, cuts from under its feet the very foundation on which the bourgeoisie produces and appropriates products. What the bourgeoisie therefore produces, above all, are its own grave diggers. Its fall and the victory of the proletariat are equally inevitable.”

ExistenceSocietyIndustryVictorySlaveryCompetitionInevitableIsolationIncompetenceCapitalProletariatBourgeoisieRuleWage LaborUnfitGrave Diggers
Book:The Communist Manifesto
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“Cuando la tasa de rendimiento del capital supera la tasa de crecimiento de la producción y los ingresos, como lo hizo en el siglo XIX y parece muy probable que lo haga de nuevo en el siglo XIX, el capitalismo genera automáticamente las desigualdades arbitrarias e insostenibles que socavan radicalmente los valores meritocráticos en que se basan las sociedades democráticas.”

PovertyInequalityCapital
Book:Capital in the Twenty First Century
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“Everyone thinks money is the capital needed to start up a business or any project of choice. I, however, disagree with that ideology. Money is not the capital that you need. Time is the real capital that anyone needs to start up any project.”

WorldLifePurposeTimeHumanityWorkWealthMoneyBusinessPovertyGreatnessProduceCallingWasteProjectsThoughtsValueProductivityConversionGiftIdeologyGreatProductConvertDisagreementCapital
Book:How To Become Great Through Time Conversion: Are you wasting time, spending time or investing time?
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“Many a rich man’s bed is bigger than many a poor woman’s bedroom; his bedroom, her house.”

HousePoorPovertyBedResourcesPropertyProsperityEqualityRichesTreasureInequalityBrokeSubstanceKitchenWealthyHardshipNeedCashReservesBedroomProsperousLoadedNeedyCapitalAffirmative ActionAffluenceAffluentDoughDestitutePossessionsLow IncomeStockNeedinessMeansBeggaryImpoverishedPoverty StrickenFilthy RichFundsDestitutionFlushOpulentSize CountsImpoverishmentIndigenceMoneylessPennilessPenurySize Does Not CountHoldingsInsolventSize Doesn T CountImpecuniousImpecuniousnessIn DebtIndigentMoolahSecuritiesWell OffWherewithalCleaned OutFinance AssetsFlat BrokeFortune MoneyHard UpIn The MoneyLucreMade Of MoneyMoneyedMoolaNecessitousPauperdomPauperismPauperizedPennilessnessRolling In ItRolling In MoneyRolling In The DoughSilk StockingStinking RichStrapped Formal PenuriousUnable To Make Ends MeetWell HeeledWell To DoWithout A Cent To One S NameWithout A Sou
Author:Mokokoma Mokhonoana
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“The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.”

WealthMoneyClassViolenceSocietyCrimeHumanCapitalismCapital
Author:Lewis Lapham
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“Again in combination with the schools, the nation's media reflect the character of society impressed by the displays of power and opulence rather than the play of mind. The ancient Greeks admired in their art what they called the glittering play of "windswift thought." Pericles in his funeral oration boasted not of the weapons or statues collected in Athens, although these were many and beautiful, but of the character of the Athenian citizen--self-reliant, resourceful, public-spirited, loyal, skeptical, marked "by refinement without extravagance and knowledge without effeminacy.”

WealthSocietyCapitalismEconomicsCapitalLaphamLapham Quarterly
Author:Lewis Lapham
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“Neoliberalism insists that if we work hard enough, we can earn as much money as anyone else. Of course, the concept of meritocracy is integral to neoliberalism and erases the reality of capital itself, that capitalism is not just material capital but also, importantly, social and cultural capital. Without these forms of capital, (p. 77) one cannot, in fact, “succeed” in a capitalist culture. One obvious example is the art world, where one can only have their work shown in a gallery if they have connections to that gallery (galleries do not, for the most part, accept unsolicited submissions). All the cash in the world can’t create the generations of social connections of a middle-class family, whose circle might include art collectors, gallerists, critics, and artists. It is also the values and unspoken rules of the ruling class that distinguish who is allowed in and who is not.”

ValuesWorkMiddle ClassCapitalistWorking ClassCapitalNeoliberalismMeritocracy
Book:The Melancholia of Class: A Manifesto for the Working Class
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“They meant what they said about freedom. They fought a real revolution. They fought so that this could be a country where every man was equal in the sight of Nature - with an equal chance. This didn't mean that twenty per cent of the people were free to rob the other eighty per cent of the means to live. This didn't mean for one rich man to sweat the piss out of ten thousand poor men so that he can get richer. This didn't mean the tyrants were free to get this country in such a fix that millions of people are ready to do anything – cheat, lie, or whack off their right arm – just to work for three squares and a flop. They have made the word freedom a blasphemy. You hear me? They have made the word freedom stink like a skunk to all who know.”

WorkFreedomPoorClassRichEqualityExploitationCapital
Book:The Heart Is a Lonely Hunter
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“A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.”

ValueCommodityCapitalKarl MarxAbstract LaborLabor TimeUse Value
Book:Capital: A Critique of Political Economy, Volume 1
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“A use-value, or useful article, therefore, has value only because abstract human labour is objectified or materialized in it. How, then, is the magnitude of this value to be measured? By means of the quantity of the "value-forming substance", the labour, contained in the article. This quantity is measured by its duration, and the labour-time is itself measured on the particular scale of hours, days etc.”

ValueCommodityCapitalKarl MarxAbstract LaborLabor TimeUse Value
Book:Capital: A Critique of Political Economy, Volume 1
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“One of the curious things about our educational system, I would note, is that the better trained you are in a discipline, the less used to dialectical method you're likely to be. In fact, young children are very dialectical; they see everything in motion, in contradictions and transformations. We have to put an immense effort into training kids out of being good dialecticians. Marx wants to recover the intuitive power of the dialectical method and put it to work in understanding how everything is in process, everything is in motion. He doesn't simply talk about labor; he talks about the labor process. Capital is not a thing, but rather a process that exists only in motion. When circulation stops, value disappears and the whole system comes tumbling down.”

ProcessCapitalismLaborValueContradictionLabourCapitalMotionHarveyDialecticsMarx
Book:A Companion to Marx's Capital, Volume 1
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“This is what the bourgeois political economists have done: they have treated value as a fact of nature, not a social construction arising out of a particular mode of production. What Marx is interested in is a revolutionary transformation of society, and that means an overthrow of the capitalist value-form, the construction of an alternative value-structure, an alternative value-system that does not have the specific character of that achieved under capitalism. I cannot overemphasize this point, because the value theory in Marx is frequently interpreted as a universal norm with which we should comply. I have lost count of the number of times I have heard people complain that the problem with Marx is that he believes the only valid notion of value derives from labor inputs. It is not that at all; it is a historical social product. The problem, therefore, for socialist, communist, revolutionary, anarchist or whatever, is to find an alternative value-form that will work in terms of the social reproduction of society in a different image. By introducing the concept of fetishism, Marx shows how the naturalized value of classical political economy dictates a norm; we foreclose on revolutionary possibilities if we blindly follow that norm and replicate commodity fetishism. Our task is to question it.”

PossibilityRevolutionCapitalismLaborValueSocialismCommunismLabourCapitalHarveyMarxValue SystemCommodity FetishismFetishismValue FormLabour Theory Of ValueLtvValue Structure
Book:A Companion to Marx's Capital, Volume 1
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“Now, early in 1865, the war is over. The North does not especially want free Negroes, it wants trade and wealth. The South does not want a particular interpretation of the Constitution. It wants cheap Negro labor and the political and social power based on it. Had there been no Negroes, there would have been no war. Had no Negroes survived the war, peace would have been difficult because of hatred, loss and bitter fried. But its logical path would have been straight. The South would have returned to its place in congress with less than its former representation because of the growing North and West. These areas of growing manufacture and agriculture, railroad building and corporations, would have held the political power over the South until the South united with the new insurgency of the West or the Eastern democratic ideals. Industrialization might even have brought a third party representing labor and raised the proletariat to dominance.”

ClassCivil WarCapitalAbolitionReconstrution
Book:Black Reconstruction in America
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“Social rank has always been one of the pricier commodities sold in the great American department store, and the ceaseless revision of what constitutes society gives rise to the great American comedy that has been playing continuous performances since the beginning of the Republic. As one generation of parvenu rich acquires the means to buy the patents of nobility, it looks down upon the next generation of arrivistes as clubfooted upstarts.”

AmericaMoneyClassSocietyCapitalismCapitalAmerican
Author:Lewis Lapham
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“Funny how in a material world full of pundits and economists obsessed with assets and liabilities -personally, economically and globally - few speak about the greatest of all these…YOU.”

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Author:Rasheed Ogunlaru
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“The less you eat, drink, buy books, go to the theatre or to balls, or to the pub, and the less you think, love, theorize, sing, paint, fence, etc., the more you will be able to save and the greater will become your treasure which neither moth nor rust will corrupt—your capital. The less you are, the less you express your life, the more you have, the greater is your alienated life and the greater is the saving of your alienated being.”

MoneyAlienationCapital
Book:Economic & Philosophic Manuscripts of 1844
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“rising income inequality. not for nothing did Thomas Piketty’s ‘Capital in the Twenty-First Century’ become a New York Times bestseller. Piketty made the strong claim that the rate of return on capital was, in the absence of wars and revolutions, always likely to be higher than the rate of economic growth. the implication was simply that the already well-off, basically those with no shortage of capital, would steadily get richer”

WarPoliticsEconomyCorruptionPrivate SectorCapitalBusiness LeadersLobbyingIncome DisparityWeapons Industry
Book:Grave New World: The End of Globalization, the Return of History
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“[I]t is a mistake to rush to impose the individual ethical responsibility that the corporate structure deflects. This is the temptation of the ethical which, as Zizek has argued, the capitalist system is using in order to protect itself in the wake of the credit crisis - the blame will be put on supposedly pathological individuals, those’ abusing the system’, rather than on the system itself. But the evasion is actually a two step procedure - since structure will often be invoked (either implicitly or openly) precisely at the point when there is the possibility of individuals who belong to the corporate structure being punished. At this point, suddenly, the causes of abuse or atrocity are so systemic, so diffuse, that no individual can be held responsible… But this impasse - it is only individuals that can be held ethically responsible for actions, and yet the cause of these abuses and errors is corporate, systemic - is not only a dissimulation: it precisely indicates what is lacking in capitalism. What agencies are capable of regulating and controlling impersonal structures? How is it possible to chastise a corporate structure? Yes, corporations can legally be treated as individuals - but the problem is that corporations, whilst certainly entities, are not like individual humans, and any analogy between punishing corporations and punishing individuals will therefore necessarily be poor. And it is not as if corporations are the deep-level agents behind everything; they are themselves constrained by/expressions of the ultimate cause-that-is-not-asubject: Capital.”

JusticeResponsibilityMoralityEthicsCapitalismStructurePunishmentAgencyCapitalCapitalist Realism
Book:Capitalist Realism: Is There No Alternative?
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