📚 node [[20210321201247 the_accumulation_of_capital]]
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tags :: capitalcapitalism
The accumulation of capital refers to the process by which wealth has a tendency to be concentrated by either individuals or firms.
The process of accumulating capital is relatively straightforward: through the production process, firms generate surplus-value This surplus-value takes the form of money until the capitalist reinvests it back into the production process.
Capitalists are able to accumulate capital by means of wage labor where workers are paid for their labor-powerrather than their labor.
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