Break the Chains of Capitalist Exploitation! (Quote of the Week) In the excerpt below, Friedrich Engels explains that the exploitation of labor is intrinsic to capitalist production. The capitalist bosses derive their profit from surplus value, i.e., the difference between the value produced by workers’ labor and what workers receive back in wages. Only when the system of wage slavery is swept away through a working-class revolution that expropriates the capitalist class and establishes a planned, collectivized economy will society’s wealth be used to serve the interests and needs of all.

Workers Vanguard No. 1164 1 November 2019 TROTSKY LENIN Break the Chains of Capitalist Exploitation! (Quote of the Week) In the excerpt below, Friedrich Engels explains that the exploitation of labor is intrinsic to capitalist production. The capitalist bosses derive their profit from surplus value, i.e., the difference between the value produced by workers’ labor and what workers receive back in wages. Only when the system of wage slavery is swept away through a working-class revolution that expropriates the capitalist class and establishes a planned, collectivized economy will society’s wealth be used to serve the interests and needs of all. Value is only another expression for labour, that expression whereby in our present-day capitalist society is designated the amount of socially necessary labour contained in a particular commodity. These values produced by the workers do not, however, belong to the workers. They belong to the owners of the raw materials, machines, tools and the reserve funds which allow these owners to buy the labour power of the working class. From the whole mass of products produced by it, the working class, therefore, receives back only a part for itself. And as we have just seen, the other part, which the capitalist class keeps for itself and at most has to divide with the class of landowners, becomes larger with every new discovery and invention, while the part falling to the share of the working class (reckoned per head) either increases only very slowly and inconsiderably or not at all, and under certain circumstances may even fall. But these discoveries and inventions which supersede each other at an ever-increasing rate, this productivity of human labour which rises day by day to an extent previously unheard of, finally give rise to a conflict in which the present-day capitalist economy must perish. On the one hand are immeasurable riches and a superfluity of products which the purchasers cannot cope with; on the other hand, the great mass of society proletarianised, turned into wage-workers, and precisely for that reason made incapable of appropriating for themselves this superfluity of products. The division of society into a small, excessively rich class and a large, propertyless class of wage-workers results in a society suffocating from its own superfluity, while the great majority of its members is scarcely, or even not at all, protected from extreme want. This state of affairs becomes daily more absurd and—more unnecessary. It must be abolished, it can be abolished. A new social order is possible in which the present class differences will have disappeared and in which—perhaps after a short transitional period involving some privation, but at any rate of great value morally—through the planned utilisation and extension of the already existing enormous productive forces of all members of society, and with uniform obligation to work, the means for existence, for enjoying life, for the development and employment of all bodily and mental faculties will be available in an equal measure and in ever-increasing fulness. —Friedrich Engels, Introduction to Karl Marx’s Wage Labour and Capital (1891)