On page 430, Marx says “…the development of modern industry must progressively turn the scale in favor of the capitalist against the working man…” This means that industry does not work in favor of the laborer, but instead the capitalist. This can be seen in the composition of capital. Capital is money invested to make more money. For example, money invested in better machinery or in the means of production. While there has been a progressive increase in fixed capital, the pace of increase in the other part of capital (wages and purchase of labor) has not been as
On page 430, Marx says “…the development of modern industry must progressively turn the scale in favor of the capitalist against the working man…” This means that industry does not work in favor of the laborer, but instead the capitalist. This can be seen in the composition of capital. Capital is money invested to make more money. For example, money invested in better machinery or in the means of production. While there has been a progressive increase in fixed capital, the pace of increase in the other part of capital (wages and purchase of labor) has not been as