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 106
... rich Klondike , delivering more than half an ounce of gold to the pan , was opened in 1896 , peaked in 1900 with 1,350,000 ozs . and then dropped , forcing a changeover to lode mining . The presence of cutting - edge technology does not ...
... rich Klondike , delivering more than half an ounce of gold to the pan , was opened in 1896 , peaked in 1900 with 1,350,000 ozs . and then dropped , forcing a changeover to lode mining . The presence of cutting - edge technology does not ...
Page 135
... rich silver deposits have so far barely been tapped , and thus the prospects are that the value of this metal will keep on dropping for rather a long time to come . A still greater contributing factor here is the relative decrease in ...
... rich silver deposits have so far barely been tapped , and thus the prospects are that the value of this metal will keep on dropping for rather a long time to come . A still greater contributing factor here is the relative decrease in ...
Page 224
... rich in a short space of time . Commissioner : You say the native does not require luxuries , and if he has worked for a year he has saved enough to go back to his kraal and remain idle ? GA : Yes . C : Can you suggest any remedy for ...
... rich in a short space of time . Commissioner : You say the native does not require luxuries , and if he has worked for a year he has saved enough to go back to his kraal and remain idle ? GA : Yes . C : Can you suggest any remedy for ...
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