Fixed Capital - Marx

The labour process. -- Fixed capital. Means of labour. Machine. -- Fixed capital. Transposition of powers of labour into powers of capital both in fixed and in circulating capital. -- To what extent fixed capital (machine) creates value. -- Lauderdale. Machine presupposes a mass of workers. Capital which consumes itself in the production process, or fixed capital, is the means of production in the strict sense. In a broader sense the entire production process and each of its moments, such as circulation -- as regards its material side -- is only a means of production for capital, for which value alone is the end in itself. Regarded as a physical substance, the raw material itself is a means of production for the product etc. But the determination that the use value of fixed capital is that which eats itself up in the production process is identical to the proposition that it is used in this process only as a means, and itself exists merely as an agency for the transformation of the raw material into the product. As such a means of production, its use value can be that it is merely the technological condition for the occurrence of the process (the site where the production process proceeds), as with buildings etc. [chorus] fixed capital [solo] fixed capital [verse] the labour process fixed capital x2 [outro] fixed capital [fade out]