The Golden Contradiction: A Marxist Theory of Gold : with Particular Reference to South AfricaThis is a work of political economy which explains how the traditional constancy of gold came to give way to a daily-fluctuating gold price. The fixed gold price is radically re-examined while the reverence of the gold standard system is challenged. The book looks at the gold producing labour, including the Wild West gold digger and the origins of apartheid in South Africa. |
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Page 199
... black workers from what it was for white workers , meaning automatically that wage levels would be different ; ( ii ) far from black workers being underpaid , they were being , at least until the outbreak of the South African War ( 1899 ...
... black workers from what it was for white workers , meaning automatically that wage levels would be different ; ( ii ) far from black workers being underpaid , they were being , at least until the outbreak of the South African War ( 1899 ...
Page 234
... black labour it required because that labour was free to move , free to seek the highest bidder . But if the mines could not afford black workers , how could they afford the more expensive Chinese workers ? A curious deficiency in ...
... black labour it required because that labour was free to move , free to seek the highest bidder . But if the mines could not afford black workers , how could they afford the more expensive Chinese workers ? A curious deficiency in ...
Page 235
... black workers a criminal , rather than a civil offence . The second controlled the movement of black workers , thereby serving as an enabler of the first . Indentured labour allowed the mines to continue production while a mechanism was ...
... black workers a criminal , rather than a civil offence . The second controlled the movement of black workers , thereby serving as an enabler of the first . Indentured labour allowed the mines to continue production while a mechanism was ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
15 other sections not shown
Common terms and phrases
abstract labour amalgamation amount average becomes black workers capitalist Chamber of Mines character circuit of capital commodity competition concrete labour consumption contradiction cost diamond Duncan Innes emph exchange value expression factors of production financial markets fixed price gold as money gold mines gold production goldmining capital goldmining industry hence human labour ibid increase individual Innes Johannesburg Johnstone joint stock capital labour force lode London Marx Marx's means of production measure of value metals miners money-commodity monopoly native nature necessary labour-time nineteenth century Onselen paper currency particular use-value placer mining political economy productivity of labour proletarianisation quantity of gold Rand reduced relation remains role shafts silver slavery social capital social form South African goldmining standard of price superexploitation surplus surplus labour surplus-value thesis Ticktin Trewhela unit value of gold value of labour-power values of commodities wages wealth Williams Witwatersrand workforce