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SECTION 5
Illustrations of the General Law of Capitalist Accumulation
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A.England from 1846-1866
No period of modern society is so favourable for the study of capitalist accumulation as the period of the last 20 years. It is as if this period had found Fortunatus’ purse. But of all countries England again furnishes the classical example, because it holds the foremost place in the world-market, because capitalist production is here alone completely developed, and lastly, because the introduction of the Free-trade millennium since 1846 has cut off the last retreat of vulgar economy. The titanic advance of production — the latter half of the 20 years’ period again far surpassing the former — has been already pointed out sufficiently in Part IV.
Although the absolute increase of the English population in the last half century was very great, the relative increase or rate of growth fell constantly, as the following table borrowed from the census shows.
Annual increase per cent. of the population of England and Wales in decimal numbers:
Illustrations of the General Law of Capitalist Accumulation
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A.England from 1846-1866
No period of modern society is so favourable for the study of capitalist accumulation as the period of the last 20 years. It is as if this period had found Fortunatus’ purse. But of all countries England again furnishes the classical example, because it holds the foremost place in the world-market, because capitalist production is here alone completely developed, and lastly, because the introduction of the Free-trade millennium since 1846 has cut off the last retreat of vulgar economy. The titanic advance of production — the latter half of the 20 years’ period again far surpassing the former — has been already pointed out sufficiently in Part IV.
Although the absolute increase of the English population in the last half century was very great, the relative increase or rate of growth fell constantly, as the following table borrowed from the census shows.
Annual increase per cent. of the population of England and Wales in decimal numbers:
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