Valorisation/devalorisation: Capital's unsustainable contradiction - ICG
To valorise itself, value must be partly invested in constant capital (purchase of equipment, buildings, raw materials...), and partly in variable capital (purchase of labour force). As its name suggests, constant capital only transmits its own value to the commodity produced, by way of work of course. The second part however (that part of variable capital which allowed the purchase of the labour force) has its…