An intangible investment (Part 5)

Capitalism is born of a primitive accumulation. This means that the means of production are concentrated in a few hands while the artisans who previously provided this production are dispossessed. It is the concentration of these production tools in structures that allow a division of labor that explains the effectiveness of this organization. The division of labor allows for a reduction of costs and thus the artisanal production is marginalized. In this context the worker is different from the slave since he is not the property of the capitalist, but he is confronted with a situation in which he has no other recourse than that of selling his labor power. He then becomes a free worker according to Marxist terminology.

Circulating capital

At the time of the industrial revolution, the transmission of value passes through three vectors. The raw materials transmit all their value to the finished product. The value that these materials conceal remains unchanged, it is contained in the finished product, they simply appear in another form. When the development of colonialism is still in its infancy Marx does not question the effects of the circulation of these materials from the center to the periphery.

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