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Ted Malloch

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There’s such a thing as spiritual capital that has economic function and potential.
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p. 15

 
Ted Malloch

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Capital, explaining the origins of the capitalist mode of production, points towards the inevitable historical decline and fall of this same social system. An economic theory based upon the historical relativity of every economic system, its strict limitation in time, tactlessly reminds Messrs the capitalists, their hangers-on and their apologists that capitalism itself is a product of history. It will perish in due course as it once was born. A new social form of economic organization will then take the place of the capitalist one: it will function according to other laws than those which govern the capitalist economy.

 
Ernest Mandel
 

The laws of economic life are subject to the eternal laws of spiritual capital.

 
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The alarm must be sounded because it is the economic and social system of capitalism and imperialism that prevents the urgently needed full mobilization of the potential economic surplus and the attainment of rates of economic advancement that can be secured with its help.

 
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When, as a result of what was called Enlightenment in the eighteenth century, the priests had in fact almost entirely lost this function of guidance. Their place was taken by writers and scientists. In both cases it is equally absurd. Mathematics, physics, and biology are as remote from spiritual guidance as the art of arranging words. When that function is usurped by literature and science it proves there is no longer any spiritual life.

 
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We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market,it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.

 
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