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this post was submitted on 26 Feb 2024
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Thanks for the explanation.
It reminds me of the concept of depreciation in accounting, in which you're accounting for the "loss of value" of a piece of machinery as time goes on. I guess it fits how the capitalists view people (labor) as yet another kind of machine. I dunno how it fits with what you're trying to explain here, but it somehow clicks for me. So that the factory owner can keep buying machinery, they must allocate some of their funds not just for the upkeep of the equipment, but also save up for the cost of buying a new one.
Admittedly, I'm not very well-versed with neither accounting nor the theories put on display here, but we learn something new every day, right?
(PS: I'm still working through the pamphlet you've linked. I might have gotten a lot of things wrong, and in that case, I apologize.)