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'''[[Socialism]]''' is a [[political]], [[social]], and [[economic]] [[philosophy]] defined by social ownership of the [[means of production]] and [[democratic]] control or workers' self-management of enterprises. Social ownership can be through the [[state]], through a collective or [[cooperative]], or of equity, in the sense of shares of ownership in businesses. Socialism has many different variants, as it is defined by just social ownership of the means of production. Different socialists thus have different views on things like the role of democracy, whether to focus more on [[electoralism]] or [[revolution]], or the degree of [[market]] involvement in the economy.<br><br>
The '''[[reserve army of labour]]''' is a [[Marxism|Marxist]] [[economics|economic]] concept denoting a deliberate surplus in the [[supply]] of available [[Labour power|labour-power]] created and maintained by the [[bourgeoisie]] in order to drive down the wages of the [[working class]]. According to this concept, the bourgeoisie exercise their political power to keep employment artificially lower than it would otherwise be, and maintain a large body of unemployed, underemployed or non-proletarianised people who can serve as [[scab]]s or strikebreakers in the event of labour unrest. Before the concept came into its own, bourgeois authors writing in the early 19th century mentioned lowering wages by increasing the labour supply. The concept from the standpoint of labour activism was first described in a prototypical form by the Chartist James Bronterre O'Brien in the 1830s, subsequently discussed by [[Friedrich Engels]] in ''[[The Condition of the Working Class in England]]'', then given its most familiar form by Marx in [[Das Kapital, Volume I|''Capital: A Critique of Political Economy'']]. It was subsequently commented upon and expanded upon by many other economists and political figures, including [[Karl Kautsky]], [[Eugene V. Debs]], [[Vladimir Lenin]], Rosa Luxemburg, [[Joseph Stalin]], and [[Leon Trotsky]]. Despite its origins with English Chartism, and its usage by bourgeois economists, it is sometimes treated as a strictly Marxist hypothesis in academic literature. Lenin said that the reserve army of labour are "the workers needed by [[capitalism]] for the potential expansion of enterprises, but who can never be regularly employed."
 
As the means of production are owned collectively in socialism, enterprises are oriented for the needs of many rather than the pleasure of a few. There are different dynamics in socialism than in modes of production which feature private property, as socialism seeks the abolition of [[commodity production]] and [[capital accumulation]], instead organizing industry on the principle of production for use.

Latest revision as of 19:35, 29 June 2024

The reserve army of labour is a Marxist economic concept denoting a deliberate surplus in the supply of available labour-power created and maintained by the bourgeoisie in order to drive down the wages of the working class. According to this concept, the bourgeoisie exercise their political power to keep employment artificially lower than it would otherwise be, and maintain a large body of unemployed, underemployed or non-proletarianised people who can serve as scabs or strikebreakers in the event of labour unrest. Before the concept came into its own, bourgeois authors writing in the early 19th century mentioned lowering wages by increasing the labour supply. The concept from the standpoint of labour activism was first described in a prototypical form by the Chartist James Bronterre O'Brien in the 1830s, subsequently discussed by Friedrich Engels in The Condition of the Working Class in England, then given its most familiar form by Marx in Capital: A Critique of Political Economy. It was subsequently commented upon and expanded upon by many other economists and political figures, including Karl Kautsky, Eugene V. Debs, Vladimir Lenin, Rosa Luxemburg, Joseph Stalin, and Leon Trotsky. Despite its origins with English Chartism, and its usage by bourgeois economists, it is sometimes treated as a strictly Marxist hypothesis in academic literature. Lenin said that the reserve army of labour are "the workers needed by capitalism for the potential expansion of enterprises, but who can never be regularly employed."