Title: Capitalism today and capitalism tomorrow
First published: 1995
Description: What is Social Capital from the point of view of private property ?
As under private capital and so under social capital individual and state ownership remains. If someone individually owned houses, plots of land or educational institutions , they continue to do so under social capital. The social capital posses only the property that previously belonged to the joint stock companies, for example: manufacture, delivery network and product distributions, land, buildings, etc. But it does not in any way put its hands on the individual or state capitalist property, which it did not inherit from monopoly capitals. Many readers got the impression that the social capital owns the whole property in the State and that it(social capital) controls the entire society. This is not the case. Social capital controls the capitalist society in the same degree as former monopolies controled the capitalist society. 

What is the social capital from an economic standpoint? Under social capital the existence of market connections between monopoly capitals is replaced by straight technological connections between productive capitals of the whole society. Each plant knows in advance from what manufacturers, in what quantities, and at what time it will get raw material or half-finished product, and to what manufacturers, in what quantities, and at what time it must furnish its final product. This principle lies at the base of the functioning of the social capital. In other words, social capital is socialized production in a capitalist form. Since the goal of any social organism ultimately is to meet the needs of the population, the end product of productive activities of "social capital" is the production of articles of consumption in the form of social surplus value.
Subjects: Capitalism
LC classification: HB501 .S896 1995