The Arcades Project - Operi

purpose of stock market quotations? They report, as we know, the rate of exchange
of government securities and shares of stock . . . on various markets
around the world . . . . Without the aid of these market reports, the capitalists
would often have no idea where to invest their money; without these lists, they
would find themselves in the same situation as workers who . .. have no idea where
to go to find work . ... The worker is a vendor of work, and, as such, he has a very
material interest in knowing what the market outlets are for his goods.'" Louis
Heritiel\ I.'Die Arbeitsborsen, Die neue Zeit, 14, no. 1 (Stuttgart, 1896), pp. 64·5-
647. [U4,1]
Notable difference between Saint-Simon and Marx. The fomler fixes the number
of exploited as high as possible, reckoning among them even the entrepreneur
because he pays interest to his creditors. Marx, on the other hand, includes all
those who in any way exploit another-even though they themselves may be
victims of exploitation-anlong the bourgeoisie. [U4,2]
It is significant that the theoreticians of Saint-Simonianism are unfamiliar with the
distinction between industrial and financial capital. All social antinomies dissolve
in the fairyland which Ie progr!:s projects for the near future. [U4a,l]
"Let us examine some of the large manufacturing cities of _France. . Never,
perhaps, has a defeated and retreating army presented a more lamentable spectacle
than the triumphant industrial army. Gaze on the workers of Lille, Reims,
Mulhouse, Manchester, and Liverpool, and tell me if they look like victors!"
Eugene Buret, De La Misere des classes laborieuses en AngLeterre et en France
(Paris, 1840), vol. 1, p. 67. [U4a,2]
On the political role of intellectuals. Important: the "Letter to M. Lamartine" by
Emile Barrault, editor of Le Tocsin des travailleurs. ["Die socialistischen und com­
munistischen Bewegungen seit der dritten franziisiscl1en Revolution;' appendix
to Stein, Socialismus und Communismus des heutigen Frankreiclzs
(Leipzig and Vienna, 1848), p. 24 0.] [U4a,3]
To ascertain: whether or not, in the preimperial age, a relatively greater propor­
tion of the profits of capital went into consumption and a relatively lesser propor­
tion into new investments. [U4a,4]
1860: "Napoleon entered into a trade agreement with the English government . .. ;
according to the provisions of this treaty, customs duties were considerably lowered
on French agricultural products imported by England, and on English manufactured
goods imported by France. This treaty was very favorable to the mass
public . ... On the other hand, in order to hold their own against English competition,
French industry was forced to lower the prices of its products. The immediate
consequence was ... a certain rapprochement with the opposition. Aiming to
counter the resistance of . .. industrialists, Napoleon took steps to enlist the support
of the liherals. This led, ultimately, to the transformation of the regime and