Capitalist accumulation itself systematically produces a redundant working population

Evidence

In the words of Karl Marx, “It is capitalist accumulation itself that constantly produces… a relatively redundant working population, i.e. a population which is superfluous to capital’s average requirements for its own valorization, and is therefore a surplus population.” — Clara E. Mattei, Escape from Capitalism, 243

Categorization

  • DEFINE: Introduces the reserve army of labor concept directly from Marx.
  • XREF: connects to: Workers are paid to build the technology that renders them redundant — Clara E. Mattei, Escape from Capitalism, 246; Unemployment structurally disciplines workers and lowers labor costs in capitalism — Clara E. Mattei, The Capital Order: How Economists…, 150; Abandoning full employment creates an assisted liminal population as manpower reserve. — Michel Foucault, The Birth of Biopolitics: Lectures at…, 1083 (+4 more)

Broader Connections