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 56
... allowed them to be taken over by Chinese and Indian free diggers who could work them at a lower value of labour - power than even the crude white diggers of ' western ' film notoriety . Del Mar's observation about California and Russia ...
... allowed them to be taken over by Chinese and Indian free diggers who could work them at a lower value of labour - power than even the crude white diggers of ' western ' film notoriety . Del Mar's observation about California and Russia ...
Page 119
... allowed shafts to be constructed further apart and their size and capacity to be increased . They could have more compartments each of larger size . Shaft linings changed from timber to steel and concrete.8 This achievement conceals the ...
... allowed shafts to be constructed further apart and their size and capacity to be increased . They could have more compartments each of larger size . Shaft linings changed from timber to steel and concrete.8 This achievement conceals the ...
Page 132
... allowed to feed through to the gold price . Henceforth , gold would have to be alienated below its value . Producing below value is not a self - reproducing condition . Labouring below value , whatever the particular production engaged ...
... allowed to feed through to the gold price . Henceforth , gold would have to be alienated below its value . Producing below value is not a self - reproducing condition . Labouring below value , whatever the particular production engaged ...
Contents
Towards a theory of gold 1 Gold as money | 1 |
The moneycommodity and the value of labourpower | 49 |
Gold as capital | 77 |
Copyright | |
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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