The landlord and. capitalist will benefit, not by an increase of rent and profit, but by the advantages resulting from the expenditure of the same rent, and. profit, on commodities, very considerably reduced in value, while the situation of the labouring classes will also be considerably improved; ist, from the increased demand for menial servants; 2dly, from the stimulus to savings from revenue, which such an abundant net produce will afford; and 3dly, from the low price of all articles of consumption on which their wages will be expended. (Ricardo On the Principles of Polical Economy and Taxation Second Edition, -London, 1815 pp. 474-5; cited in TSV II pp. Marx comments on this passage in the following way: This progressive transformation of a section of the workers into servants is a fine prospect. For the worker it is equally consoling that because of the growth in the net product, more spheres are opened up for unproductive workers, who live on his product and whose interest in his exploitation coincides more or less with that of the directly exploiting classes. (TSV II p. 571)
Posted on: Wed, 29 Oct 2014 20:58:39 +0000
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