{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":79,"pdf_page":79,"physical_index":79,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"e66aadaa51705dcf1f39a0f42218d5cb35eae70b61f3fb3bfb08077113779aa8"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"This process has important implications-not all of which were fully drawn out by Marx himself. The bigger the individual units of capital and larger the proportion of the system as a whole they constitute, the greater will be the impact on the rest of the system every time one of them goes bust. If a small firm stops making profits and goes bust, this will destroy only a small part of the market for other, previously profitable, small firms that supply it. There will be a very limited domino effect. If, however, one of the giants of the system goes bust, it can have a devastating impact on other previously profitable big firms that depended on it for their own markets, and on any banks or other firms that have lent it money. The domino effect becomes an avalanche effect.\n\nAt the same time, however, the very size of firms can provide them with protection from market forces up to a certain point. The individual acts of labour within a great capitalist enterprise are not directly in competition with individual acts outside it. Instead managerial decisions determine how they relate to each other. As Marx puts it:\n\nIn manufacture . . . the collective working organism is a form of existence of capital. The mechanism that is made up of numerous individual detail labourers belongs to the capitalist . . . Manufacture proper not only subjects the previously independent workman to the discipline and command of capital, but, in addition, creates a hierarchic gradation of the workmen themselves . . . Not only is the detail work distributed to the different individuals, but the individual himself is made the automatic motor of a fractional operation <sub>.</sub> . . 57\n\nThe great enterprises are like islands within the system where the relation between the work done by individuals is organised by a plan, not by the interrelation of their products through the market:\n\nWhat . . . characterises division of labour in manufactures? The fact that the detail labourer produces no commodities. It is only the common product of all the detail labourers that becomes a commodity. Division of labour in society is brought about by the purchase and sale of the products of different branches of industry, while the connexion between the detail operations in a workshop is due to the sale of the labour power of several workmen to one capitalist, who applies it as combined labour power . . . While within the workshop, the iron law of proportionality subjects definite numbers of workmen to definite functions; in the society outside the workshop, chance and caprice have full play in distributing the producers and their means of production among the various branches of industry.58\n\nThe Dynamics of the System\n\n79","previous_page":78,"next_page":80}