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The General Law of Capitalist Accumulation.
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mode of production; and in fact every special historic mode of production has its own special laws of population, historically valid within its limits alone. An abstract law of population exists for plants and animals only, and only in so far as man has not interfered with them.

But if a surplus labouring population is a necessary product of accumulation or of the development of wealth on a capitalist basis, this surplus population becomes, conversely, the lever of capitalistic accumulation, nay, a condition of existence of the capitalist mode of production. It forms a disposable industrial reserve army, that belongs to capital quite as absolutely as if the latter had bred it at its own cost. Independently of the limits of the actual increase of population, it creates, for the changing needs of the self-expansion of capital, a mass of human material always ready for exploitation. With accumulation,.and the development of the productiveness of labour that accompanies it, the power of sudden expansion of capital grows also; it grows, not merely because the elasticity of the capital already functioning increases, not merely because the absolute wealth of society expands, of which capital only forms an elastic part, not merely because credit, under every special stimulus, at once places an unusual part of this wealth at the disposal of production in the form of additional capital; it grows, also, because the technical conditions of the process of production themselves—machinery, means of transport, &c.—now admit of the rapid-

    muslin. And the proportion of circulating capital is a hundred or thousand times less … the whole of the annual savings, added to the fixed capital, would have no effect in increasing the demand for labour." (John Barton. "Observations on the Circumstances which Influence the Condition of the Labouring Classes of Society." London, 1817, pp. 16, 17.) "The same cause which may increase the net revenue of the country may at the same time render the population redundant, and deteriorate the condition of the labourer." (Ricardo, l. c., p. 469.) With increase of capital, "the demand [for labour] will be in a diminishing ratio." (ibid. p. 480, Note.). "The amount of capital devoted to the maintenance of labour may vary, independently of any changes in the whole amount of capital, . . . Great fluctuations in the amount of employment, and great suffering may become more frequent as capital itself becomes more plentiful." (Richard Jones. "An Introductory Lecture on Pol. Econ., Lond. 1833," p. 13.) "Demand [for labour] will rise … not in proportion to the accumulation of the general capital. . . . Every augmentation, therefore, in the national stock destined for reproduction, comes, in the progress of society, to have less and less influence upon the condition of the labourer." (Ramsay, l. c., pp. 90, 91.)