“In fact, it would be very easy to ‘prove’ Marx’s analysis to have been wrong, if experience had shown, for example, that the more capitalist industry develops, the smaller and smaller the average factory becomes, the less it depends upon new technology, the more its capital is supplied by the workers themselves, the more workers become owners of their factories, the less the part of wages taken by consumer goods becomes (and the greater becomes the part of wages used for buying the workers’ own means of production). If, in addition, there had been decades without economic fluctuations and a full-scale disappearance of trade unions and employers’ associations (all flowing from the disappearance of contradictions between Capital and Labour, inasmuch as workers increasingly become the controllers of their own means and conditions of production), then one could indeed say that Capital was so much rubbish and had dismally failed to predict what would happen in the real capitalist world a century after its publication.”

Introduction to Capital. Introduction to volume 1 (1976)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "In fact, it would be very easy to ‘prove’ Marx’s analysis to have been wrong, if experience had shown, for example, tha…" by Ernest Mandel?

Ernest Mandel11

Belgian economist and Marxist philosopher 1923–1995

Bernard Crick (1929–2008) British political theorist and democratic socialist

A Footnote To Rally Fellow Socialists, p. 240.
In Defence Of Politics (Second Edition) – 1981

“What would become of the rich, if not for the poor? What would become of these idle, parasitic ladies, who squander more in a week than their victims earn in a year, if not for the eighty million wage-workers? Equality, who ever heard of such a thing?”

Emma Goldman book Anarchism and Other Essays

Anarchism and Other Essays (1910), Woman Suffrage

“Thus, the willingness of workers in recent years to trade off smaller increases in wages for greater job security seems to be reasonably well documented.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate February 26, 1997 https://www.federalreserve.gov/boarddocs/hh/1997/february/testimony.htm <br class="br">1990s

“The system of production developed in Russia is State socialism. It is organized production, with the State as universal employer, master of the entire production apparatus. The workers are master of the means of production no more than under Western capitalism. They receive their wages and are exploited by the State as the only mammoth capitalist. So the name State capitalism can be applied with precisely the same meaning. The entirety of the ruling and leading bureaucracy of officials is the actual owner of the factories, the possessing class.”

Antonie Pannekoek (1873–1960) Dutch astronomer and Marxist theorist

Workers Councils (1947), Section 2.5

“The manufacturing worker almost always lives in the countryside and in a more or less patriarchal relation to his landlord or employer; the proletarian lives, for the most part, in the city and his relation to his employer is purely a cash relation. The manufacturing worker is torn out of his patriarchal relation by big industry, loses whatever property he still has, and in this way becomes a proletarian.”

Friedrich Engels (1820–1895) German social scientist, author, political theorist, and philosopher

(1847)

“In the 1950s, industrial workers had become the largest single group in every developed country, and unionized industrial workers in mass-production industry (which was then dominant everywhere) had attained upper-middle-class income levels. They had extensive job security, pensions, long paid vacations, and comprehensive unemployment insurance or "lifetime employment." Above all, they had achieved political power… Thirty-five years later, in 1990, industrial workers and their unions were in retreat. They had become marginal in numbers. Whereas industrial workers who make or move things had accounted for two fifths of the American work force in the 1950s, they accounted for less than one fifth in the early 1990s--that is, for no more than they had accounted for in 1900, when their meteoric rise began… By the year 2000 or 2010, in every developed free-market country, industrial workers will account for no more than an eighth of the work force. Union power has been declining just as fast… By the year 2000 or 2010, in every developed free-market country, industrial workers will account for no more than an eighth of the work force. Union power has been declining just as fast.”

Peter F. Drucker (1909–2005) American business consultant

About the rise and fall of the blue-collar worker
1990s and later, "The Age of Social Transformation." 1994

“The central thing I learned was that reformism was a rational strategy for workers. It was in the interest of workers to support capitalist democracy. An electoral victory of pure workers’ parties was not historically feasible, because the assumption that manual workers in industry and transportation would one day become the overwhelming majority of the population in industrializing countries was mistaken.”

Adam Przeworski (1940) Polish-American academic

interview by Gerardo Munck on February 24, 2003, published in Passion, Craft, and Method in Comparative Politics edited by Gerardo L. Munck and Richard Snyder

“In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

Franklin Roosevelt's Statement on the National Industrial Recovery Act (16 June 1933) http://docs.fdrlibrary.marist.edu/odnirast.html <br class="br">1930s <br class="br">Source: [Tritch, Teresa, F.D.R. Makes the Case for the Minimum Wage, http://takingnote.blogs.nytimes.com/2014/03/07/f-d-r-makes-the-case-for-the-minimum-wage/, March 7, 2014, New York Times, March 7, 2014]

“The worker's existence is thus brought under the same condition as the existence of every other commodity. The worker has become a commodity, and it is a bit of luck for him if he can find a buyer, And the demand on which the life of the worker depends, depends on the whim of the rich and the capitalists.”

Karl Marx book Economic and Philosophic Manuscripts of 1844

Wages of Labor, p. 20.
Paris Manuscripts (1844)

“The principal contradiction within capitalism from the outset was that between the capitalists and the workers. To keep their system going, the capitalists had constantly to step up the rate of exploitation of their workers. At the same time, European workers were gaining increasing mastery over the means of production in the factories and mines, and they were learning to work collectively in big enterprises and within their own trade union structures. If the bourgeoisie continued to deprive them of the major part of the fruits of their own labor and to oppress them socially and politically, then those two classes were set on a collision path. Ever since the mid-nineteenth century, Marx had predicted class collision would come in the form of revolution in which workers would emerge victorious. The capitalists were terribly afraid of that possibility, knowing full well that they themselves had seized power from the feudal landlord class by means of revolution.”

Walter Rodney book How Europe Underdeveloped Africa

Source: How Europe Underdeveloped Africa (1972), p. 314.

Help us to complete the source, original and additional information

Ernest Mandel11

Related quotes

Related topics