ABSTRACT

The capitalist tries his best to extract absolute and relative surplus value and to convert it into capital for the exploitation and oppression of the worker on a larger scale. Surplus value can be increased continuously only if the capitalist continuously accumulates capital, increases the amount of capital, and expands the scale of production. The increase in organic composition of capital has serious repercussions for the working class. In the capitalist society, the widespread existence of a huge army of unemployed is a "good" thing for the capitalist because it is conducive to exploitation. In capitalist society, there exists not only the relative impoverishment of the proletariat, but also their absolute impoverishment. Capital accumulation has entirely different consequences for the bourgeoisie and the proletariat. The process of capital accumulation is the process by which the bourgeoisie gets richer and the proletariat gets poorer.