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Perfection of textile production: thus nothing testifies About that desire to use the redundant accumulated capital, if itIf accumulation of capital, the first factories was the purpose of the first manufacturers
Would mean their total failure because required concerning small - on To comparison with agriculture, navigation or trade - investments.
For an operation theme investment situations in which it is possible are especially important
To employ workers on cheaper, than at competitors, to the prices. Such
Situations have played the important role in economic development of Third World countries, but
There are also older examples. In industrial revolution in England were Complaints that pay in the factory hand essentially less are frequent, than
The industry in the American South was promoted by relative cheapness Work in comparison with its cost in New England. It is easy to imagine,
That Marx would evaluate such development as direct operation and workers, which
Have got used to former, higher payment, with it would agree. With other
The parties, for those countries or regions, a main which economic resource -
Surplus of a cheap labour, employment maintenance on the best possible Conditions is not only a reasonable way of economic development, but also Moral imperative. Other question, whether is wage cut by a system sign Capitalism or this simple use of favorable possibilities. Low
The subsistence level stimulates development of labour-consuming productions and,
Thanks to it, reduces requirements for accumulation of capital. Therefore Corporation, replacing old factory in Chicago new in Korea, can it is valid To reduce the requirements for the capital. But in practice the capitalist The industry developed mainly capital-intensive productions. If Capitalism gravitated to system of low wages, followed expect, That capitalists would save labour-consuming productions and spent The money saved thus for personal needs. Moreover, here it is important and
The international prospect. Opening of new factory in Korea conducts to growth
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