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Historical Tendency of Capitalist Accumulation
 

Historical Tendency of Capitalist Accumulation, the process of accumulation, concentration and centralisation of capital and socialisation of labour which makes production increasingly social in character and incompatible with private capitalist ownership, thus producing the objective 155 and subjective conditions for the transition from capitalism to socialism. During the primitive accumulation of capital, direct commodity producers are expropriated, “liberated” from the means of production. This gives rise to private capitalist ownership, "which rests on exploitation of the nominally free labour of others, i. e., on wage-labour" (Karl Marx, Capital, Vol. I, p. 714). From there on the capitalist mode of production develops on its own basis. During the accumulation of capital, which is inseparable from its concentration (see Concentration of Capital), individual capital is used on an increasing scale, which creates the objective basis for the concentration and expansion of production. The further process of accumulation involves the centralisation of capital, which engenders the tendency towards reducing the number of individual capitals. The socialisation of labour and the consequent expropriation of private owners takes the form of the expropriation of small capitalists by the bigger ones. This process becomes especially intensive when capitalism moves ahead to its new stage, that of imperialism. Monopolies concentrate in their hands huge amounts of capital and production. The degree of socialisation of production becomes exceedingly high. It attains the highest limit possible within the framework of private ownership under state-monopoly capitalism. The increasing capitalist socialisation of production leads to the development of the material conditions of socialism in the womb of the capitalist system. This is parallelled by the formation of the subjective prerequisites for the transition to socialism. The proletariat increases in number, and its class consciousness grows. The communist parties assume the leadership of the workingclass movement. The Russian proletariat was the first ever to replace the power of the exploiters by the power of the working people—that was in October 1917. Proletarian revolutions are waged according to the will of the people, and are an inevitable result of the internal development of capitalism, which is increasingly showing itself to be a society without a future. The basic contradiction of capitalism is growing increasingly acute, which shows that capitalist production relations are increasingly clashing with the character of the productive forces. From a factor promoting the development of the productive forces, the relations of production are becoming a brake on them. "The monopoly of capital becomes a fetter upon the mode of production, which has sprung up and flourished along with, and under it. Centralisation of the means of production and socialisation of labour at last reach a point where they become incompatible with their capitalist integument. This integument is burst asunder. The knell of capitalist private property sounds. The expropriators are expropriated" (Karl Marx, Capital, Vol. I, p. 715). In the modern world of capital the objective economic and sociopolitical conditions for the transition to socialism have reached a high degree of maturity, and the people increasingly demand radical change.

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