Primitive Accumulation and Privatization
According to Marx, the whole purpose of primitive accumulation is to privatize the means of production, so that the exploiting owners can make money from the surplus labour of those who, lacking other means, must work for them.
Marx says that primitive accumulation means the expropriation of the direct producers, and more specifically "the dissolution of private property based on the labor of its owner... Self-earned private property, that is based, so to say, on the fusing together of the isolated, independent laboring-individual with the conditions of his labor, is supplanted by capitalistic private property, which rests on exploitation of the nominally free labor of others, i.e., on wage-labor." (chapter 32, emphasis added).
Chapter Thirty-Two: Historical Tendency of Capitalist Accumulation
Read more about this topic: Primitive Accumulation Of Capital
Famous quotes containing the words primitive and/or accumulation:
“The lumberers rarely trouble themselves to put out their fires, such is the dampness of the primitive forest; and this is one cause, no doubt, of the frequent fires in Maine, of which we hear so much on smoky days in Massachusetts.”
—Henry David Thoreau (1817–1862)
“Biologically the species is the accumulation of the experiments of all its successful individuals since the beginning.”
—H.G. (Herbert George)