Immiseration thesis: Difference between revisions
Changed a common misconception in the head section - capitalism implies a stability, not a decline, of real wages. |
Replaced Marx section to be more in line with the mature Marx's views. |
||
| Line 1: | Line 1: | ||
{{Marxism}} |
{{Marxism}} |
||
In [[Marxist theory]], the '''immiseration thesis''' (also referred to as '''emiseration thesis''') refers to the view that the nature of [[capitalism|capitalist]] production implies a stability of [[real wage]]s, a decline of wages compared to [[Socially necessary labour time|total value]], and worsening of working conditions for the proletariat through [[Marx's theory of alienation|alienation]]. |
In [[Marxist theory]], the '''immiseration thesis''' (also referred to as '''emiseration thesis''') refers to the view that the nature of [[capitalism|capitalist]] production implies a stability of [[real wage]]s, a decline of wages compared to [[Socially necessary labour time|total value]], and worsening of working conditions for the proletariat through [[Marx's theory of alienation|alienation]]. These movements, however, are not abstract, and also depend on the [[Class struggle]]. |
||
==Marx== |
==Marx== |
||
| Line 8: | Line 8: | ||
{{quotation|Within the capitalist system all methods for raising the social productivity of labour are put into effect at the cost of the individual worker [...] All means for the development of production undergo a [[dialectic]]al inversion so that they become a means of domination and [[Rate of exploitation|exploitation]] of the producers; they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a machine, they destroy the actual content of his labour by turning it into a torment, they [[Marx's theory of alienation|alienate]] from him the intellectual potentialities of the labour process [...], they transform his life into working-time, and his wife and child beneath the wheels of the juggernaut of capital. But all methods of the production of [[Surplus value|surplus-value]] are at the same time methods of [[Capital accumulation|accumulation]], and every extension of accumulation becomes, conversely, a means for the development of these methods. It follows therefore that in proportion as capital accumulates, the situation of the worker, be his payment high or low, ''must grow worse''.|Karl Marx, ''[[Das Kapital|Das Kapital: Kritik der politischen Ökonomie]]'', 1867.<ref>Cf. Marx, Karl (2007): ''Capital: A Critique of Political Economy: The Process of Capitalist Production''. Volume I, part 2. Cosimo Inc., pp. 708-709</ref>}} |
{{quotation|Within the capitalist system all methods for raising the social productivity of labour are put into effect at the cost of the individual worker [...] All means for the development of production undergo a [[dialectic]]al inversion so that they become a means of domination and [[Rate of exploitation|exploitation]] of the producers; they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a machine, they destroy the actual content of his labour by turning it into a torment, they [[Marx's theory of alienation|alienate]] from him the intellectual potentialities of the labour process [...], they transform his life into working-time, and his wife and child beneath the wheels of the juggernaut of capital. But all methods of the production of [[Surplus value|surplus-value]] are at the same time methods of [[Capital accumulation|accumulation]], and every extension of accumulation becomes, conversely, a means for the development of these methods. It follows therefore that in proportion as capital accumulates, the situation of the worker, be his payment high or low, ''must grow worse''.|Karl Marx, ''[[Das Kapital|Das Kapital: Kritik der politischen Ökonomie]]'', 1867.<ref>Cf. Marx, Karl (2007): ''Capital: A Critique of Political Economy: The Process of Capitalist Production''. Volume I, part 2. Cosimo Inc., pp. 708-709</ref>}} |
||
[[File:US productivity and real wages.jpg|alt=Wages after the mid 1970's in the US stayed stable, while productivity massively increased.|left|thumb|236x236px|Wages after the mid 1970's in the US stayed stable, while productivity massively increased.]] |
|||
Marx argued that, in accordance with the labour theory of value, capitalist competition would necessitate the gradual replacement of workers with machines, allowing an increase in productivity, but with less overall value for each product produced, as more products can be made in a given amount of time, meaning that economic output would increase, but real wages would stay stable, because the input of human labour is staying the same. |
|||
Marx also noted that this movement is not merely an abstract relation, but that it is a result of class struggle, should wages dip below an amount that the proletariat deem acceptable. |
|||
The fact that Marx subscribed to such an immiseration thesis (even though he never used the term ''immiseration'' himself) would explain why he was never concerned by the problem that capitalist owners could potentially reduce working hours, increase wages and concede other benefits in order to "appease" the workforce, should they grow restless.<ref name=Geuss>Geuss, Raymond (2004): ''Dialectics and the revolutionary impulse''. In: Rush, Fred (Ed.): ''The Cambridge Companion to Critical Theory''. Cambridge University Press, p. 113.</ref> Instead, Marx was convinced that the very nature of capitalism would render a proletarian revolution inevitable.<ref>Cowling, Mark (1998): ''The Communist manifesto: new interpretations''. Edinburgh University Press, p. 41.</ref> |
|||
Revision as of 23:41, 4 July 2015
| Part of a series on |
| Marxism |
|---|
 |
In Marxist theory, the immiseration thesis (also referred to as emiseration thesis) refers to the view that the nature of capitalist production implies a stability of real wages, a decline of wages compared to total value, and worsening of working conditions for the proletariat through alienation. These movements, however, are not abstract, and also depend on the Class struggle.
Marx
Concerning the evolution of the worker's living conditions, Marx argued that:
Within the capitalist system all methods for raising the social productivity of labour are put into effect at the cost of the individual worker [...] All means for the development of production undergo a dialectical inversion so that they become a means of domination and exploitation of the producers; they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a machine, they destroy the actual content of his labour by turning it into a torment, they alienate from him the intellectual potentialities of the labour process [...], they transform his life into working-time, and his wife and child beneath the wheels of the juggernaut of capital. But all methods of the production of surplus-value are at the same time methods of accumulation, and every extension of accumulation becomes, conversely, a means for the development of these methods. It follows therefore that in proportion as capital accumulates, the situation of the worker, be his payment high or low, must grow worse.
— Karl Marx, Das Kapital: Kritik der politischen Ökonomie, 1867.[1]
Marx argued that, in accordance with the labour theory of value, capitalist competition would necessitate the gradual replacement of workers with machines, allowing an increase in productivity, but with less overall value for each product produced, as more products can be made in a given amount of time, meaning that economic output would increase, but real wages would stay stable, because the input of human labour is staying the same.
Marx also noted that this movement is not merely an abstract relation, but that it is a result of class struggle, should wages dip below an amount that the proletariat deem acceptable.
Diverging views
Leninism
Later communist revolutionaries, such as Lenin, consider other alternatives:
What if capitalism came to be capable of raising the standard of living of the workers rather than further depressing it? A trade union consciousness could then establish itself that was not inherently and irrevocably revolutionary, one that was itself, as Lenin claimed, a form of bourgeois ideology, that is, a form of consciousness that was itself a means through which the bourgeoisie could extend and solidify its domination over the working class.[2]
Lenin's answer was the creation of a party of full-time professional revolutionaries who would constitute a kind of political elite. This elite would then possess a "correct" knowledge of revolutionary theory and act as a revolutionary vanguard.
Frankfurt School
The immiseration thesis was equally questioned by later theorists, notably by early members of the Frankfurt School. For Adorno and Horkheimer, state intervention in the economy had effectively abolished the tension in capitalism between the "relations of production" and "material productive forces of society"—a tension which, according to traditional Marxist theory, constituted the primary contradiction within capitalism. The previously "free" market (as an "unconscious" mechanism for the distribution of goods) and "irrevocable" private property of Marx's epoch have gradually been replaced by the centralized state planning and socialized ownership of the means of production in contemporary Western societies. The dialectic through which Marx predicted the emancipation of modern society is thus suppressed, effectively being subjugated to a positivist rationality of domination:
[G]one are the objective laws of the market which ruled in the actions of the entrepreneurs and tended toward catastrophe. Instead the conscious decision of the managing directors executes as results (which are more obligatory than the blindest price-mechanisms) the old law of value and hence the destiny of capitalism.[3]
See also
References
- ^ Cf. Marx, Karl (2007): Capital: A Critique of Political Economy: The Process of Capitalist Production. Volume I, part 2. Cosimo Inc., pp. 708-709
- ^ Cite error: The named reference
Geusswas invoked but never defined (see the help page). - ^ Horkheimer, Max and Theodor Adorno. (2002). Dialectic of Enlightenment, p. 38.