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Submitted by Matthew on Fri, 11/11/2011 - 14:54

No, the £500 million value of the buildings and equipment results from the labour of the workers who made them. Marx calls it constant capital because it is only through the labour power of other workers, what Marx calls variable capital because its value can be expanded beyond the price (i.e. wages) paid for it, that it can produce surplus value for the capitalist. Read Marx's Capital for a detailed explanation of the process.

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