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From Capital Vol. I, by Karl Marx

Here is the myth first of all. This primitive accumulation plays in political economy about the same part as original sin in theology. Its origin is supposed to be explained when it is told as an anecdote of the past. In times long gone by there were two sorts of people; one, the diligent, intelligent, and above all frugal elite. The other lazy rascals, spending their substance more in riotous living. Thus it came to pass that the former sort accumulated wealth, and the latter sort had at last nothing to sell, except their own skins. That’s really what happened. From this original sin dates the poverty of the great majority, that despite all its labor has up to now nothing to sell but itself, and the wealth of the few that increases constantly although they have long ceased to work. Such childishness is every day preached to us in…


Here is the myth first of all. This primitive accumulation plays in political economy about the same part as original sin in theology. Its origin is supposed to be explained when it is told as an anecdote of the past. In times long gone by there were two sorts of people; one, the diligent, intelligent, and above all frugal elite. The other lazy rascals, spending their substance more in riotous living. Thus it came to pass that the former sort accumulated wealth, and the latter sort had at last nothing to sell, except their own skins. That’s really what happened. From this original sin dates the poverty of the great majority, that despite all its labor has up to now nothing to sell but itself, and the wealth of the few that increases constantly although they have long ceased to work. Such childishness is every day preached to us in the defense of property. (Capital, vol. 1, 873–74)

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