Nationalization of the Land 9 29 2025 

Nationalization of the Land 9 29 2025 

“The property in the soil is the original source of all wealth, and has become the great problem upon the solution of which depends the future of the working class.”

“I do not intend discussing here all the arguments put forward by the advocates of private property in land, by jurists, philosophers and political economists, but shall confine myself firstly to state that they have tried hard to disguise the primitive fact of conquest under the cloak of “Natural Right”. If conquest constituted a natural right on the part of the few, the many have only to gather sufficient strength in order to acquire the natural right of reconquering what has been taken from them.”

Karl Marx Nationalization of the Land

It is a sorry fact that the small farmer is rarely in control of most of the farming that is occurring on the land.  Large corporations have replaced the family farm, just  as they did the grocery store, gas station,  etc.

It is beyond returning control to small farmers; rather the struggle becomes one of unions, cooperatives, and nationalization.  Returning to small scale farming, where the small farmer was his own capitalist, would only revert again to large scale farming, after a few generations as farmers would sell their lands, and ownership would become concentrated in the hands of a few large farmers again.

This does not mean cultivating the land on one’s own, purely for use value, would stop.  It just means labour on the farm would be more like working in a factory, with a union, and the right to strike.  Land will be owned by farmers, but they will be free to cultivate ecology or gardens for themselves on their own land, as a family unit. The man or woman will work for a collective farm, or both, and if they want to own some land it will be available to them, just not for capitalist purposes.

Labor on the large farms is already industrial.  Unloading the trucks, sorting the vegetables for defects, etc.  is all industrial labor. Even tilling the soil becomes an industrial activity of driving the tractor.

The current model of capitalist farming is destroying our ecology, with pesticides, genetically  modified crops, patented seeds from Monsanto,etc. becoming a perfect example of the plunder of land exacted by the bourgeoisie.  

There may have been a golden time when farming was not done by large farmers, when they were a petty bourgeoisie, but now they are heavily weighted towards the big bourgeoisie, Donald Trump’s supporters.

The latter is connected with removal of the farms from the small farmer, through patented seeds and subsidies to large farms based on the number of acres farmed.

“If cultivation on a large scale proves (even under its present capitalist form, that degrades the cultivator himself to a mere beast of burden) so superior, from an economical point of view, to small and piecemeal husbandry, would it not give an increased impulse to production if applied on national dimensions?”

“The ever-growing wants of the people on the one side, the ever-increasing price of agricultural produce on the other, afford the irrefutable evidence that the nationalisation of land has become a social necessity.”

Kar Marx ibid.

The farm worker harvesting today is overworked, using machinery from dawn to dusk, for a few months out of the year.  Often this labor is done by migrants from Mexico, sometimes the only workers who can work long hours with little pay. Sometimes they are illegally working, constantly in fear of deportation. 

Capitalists  obviously have concluded large scale farming is the answer.  As Marx points out, would it not be superior for the nation if the benefits of large scale farming was for all?

The plunder of the soil for capitalist agriculture, and the exploitation of the laborer, could be better addressed with employee ownership of large farms, and nationalization of the land.  

“France was frequently alluded to, but with its peasant proprietorship it is farther off the nationalisation of land than England with its landlordism. In France, it is true, the soil is accessible to all who can buy it, but this very facility has brought about a division into small plots cultivated by men with small means and mainly relying upon the land by exertions of themselves and their families. This form of landed property and the piecemeal cultivation it necessitates, while excluding all appliances of modern agricultural improvements, converts the tiller himself into the most decided enemy to social progress and, above all, the nationalisation of land. Enchained to the soil upon which he has to spend all his vital energies in order to get a relatively small return, having to give away the greater part of his produce to the state, in the form of taxes, to the law tribe in the form of judiciary costs, and to the usurer in the form of interest, utterly ignorant of the social movements outside his petty field of employment; still he clings with fanatic fondness to his bit of land and his merely nominal proprietorship in the same. In this way the French peasant has been thrown into a most fatal antagonism to the industrial working class. “

Karl Marx iibid.

A similar phenomenon is the support from the petty bourgeois farmers of the reactionary bourgeoisie of Donald Trump.  It’s gotten to the point if you are rural and farming, you are expected to support Trump. The residents of the small towns also like Trump, even though they own little land, and work for large scale agriculture.

It has destroyed the very thing we put our hopes in, the ability of the worker own land.  Instead he is landless, or trying to be a small businessman with his land, attempting to obtain as much land as possible, and remain competitive.

“Peasant proprietorship being then the greatest obstacle to the nationalisation of land, France, in its present state, is certainly not the place where we must look to for a solution of this great problem.”

“To nationalise the land, in order to let it out in small plots to individuals or working men’s societies, would, under a middle-class government, only engender a reckless competition among themselves and thus result in a progressive increase of “Rent” which, in its turn, would afford new facilities to the appropriators of feeding upon the producers.”

“At the International Congress of Brussels, in 1868, one of our friends [César De Paepe, in his report on land property: meeting of the Brussels Congress of the International Working Men’s Association of Sept. 11 1868] said:”

“”Small private property in land is doomed by the verdict of science, large land property by that of justice. There remains then but one alternative. The soil must become the property of rural associations or the property of the whole nation. The future will decide that question.””

“I say on the contrary; the social movement will lead to this decision that the land can but be owned by the nation itself. To give up the soil to the hands of associated rural labourers, would be to surrender society to one exclusive class of producers.”

Karl Marx

Iibid

Nationalization of the land would give the cities a larger say over what and how land is farmed.  The large scale agricultural producers now have a lock on the city with Trump.  It has become a matter of guaranteeing the supply of food to the city for affordable prices, which could be an issue if the farmers boycotted the cities their leader keeps calling shitholes to live in.   Then the nation would be forced to exert a say over the land.  

It has yet to come to this, but the decision was already evident in 1872 when this was written.  Things are even further along now, and even attempting to buy land for individual farming is something that just no longer happens.  Jobs in agriculture almost always come from large scale farm farming; at most there is a distant view of a small capitalist farmer making his way up to be a big farmer. 

But once there he remembers not his peasant roots, and supports Trump. His help is wage labour, his motive profit. 

“The nationalisation of land will work a complete change in the relations between labour and capital, and finally, do away with the capitalist form of production, whether industrial or rural. Then class distinctions and privileges will disappear together with the economical basis upon which they rest. To live on other people’s labour will become a thing of the past. There will be no longer any government or state power, distinct from society itself! Agriculture, mining, manufacture, in one word, all branches of production, will gradually be organised in the most adequate manner. National centralisation of the means of production will become the national basis of a society composed of associations of free and equal producers, carrying on the social business on a common and rational plan. Such is the humanitarian goal to which the great economic movement of the 19th century is tending.”

Karl Marx conclusion, ibid.

All one can say is society is still moving in this direction, but has yet to remove the large farms, and the urban bourgeoisie, who work in tandem.  There has yet to be a firm break from this , indicating it will not be imperceivable when it happens. Rather it will be abrupt, a real change felt by all.  At which point “the expropriators will be expropriated” in Marx’s words.

Nicholas Jay Boyes

Milwaukee Wisconsin

American Democratic Republic

9 29 2025

Financial Capital.  A Speculative Bubble. 

At the start of what is looking like what could be a crisis,  the question is if the financial bubble will burst.   The speculation on financial capital is reaching a fevered pitch, with investment in money capital feeding a market that is now further and further away from industrial capital, and is producing a mountain of financial services, hedge funds, money markets, etc.

The bourgeois are in bonds heavily too, speculating on the ability of the state to be able to pay off its debts, with the interest paid for by taxes.

The purpose of circulation capital, merchants capital, is to make the turnover of capital occur more smoothly.  Credit and the large banks are also connected with this, they use the stored money to do banking operations that include loaning out money to capitalists to smooth the exchange of commodities.

But beyond this lies the world of joint stock companies, which are simply companies with several owners.  The stock is a title to ownership of the company, and the companies control capital.

But is all this buying and selling of stocks really a movement of industrial capital?  

To some degree yes.  But it is invested in by money market funds, and other financial services that draw interest from industrial capital.  They are a cost of production, and we should always remember the value of a commodity is the amount of labour contained in it, whether or not it is paid for.  David Ricardo showed us this in his Principles of Political Economy and Taxation.  Clearly circulating capital does not miraculously create value; the exchange of commodities does not create surplus value, what Ricardo called profit (surplus value).  The surplus value is the unpaid section of the workday, based on the amount of labour required to produce a commodity. Profit is calculated on the whole capital expenditure, including the means of production and raw materials.

All this speculation and corresponding financial capital has formed a bubble, and in the end, if it breaks, industrial capital will be all that remains.  And if you are a country that has leveraged other countries resources, with money from the home country, importing much more than exporting, financial capital becomes increasingly more important.

The question becomes how much financial capital has accumulated, and what happens when there is overproduction, and crisis occurs.  At this point large amounts of capital are destroyed, we saw this as the markets were crashing of late. The money is just wiped off, the financial capital rendered useless paper. 

Perhaps this is due to the fact the bank does not produce commodities, rather it is connected with merchant capital, circulating capital.  It also makes the process of production turn over more quickly by means of credit, making turnover more smoothly than if the industrial capitalist had to be the one who had to sell his own commodity.

The banks also invest financial capital in industry, in the 20th century they were quickly becoming ever more powerful.  The ability to gain seats in joint stock companies led to the monopoly conditions, led by JP Morgan, who controlled US Steel, most of the eastern railways, General Motors, etc.  Financial capital was connected with this, he used credit to buy companies, which he obtained through the bank. 

But the question remains how much is financial capital used to simply turnover commodities?  The stock market is still called the ‘“Stock Exchange”, implying something tangible is being exchanged. 

“What does a mercantile exchange do?

“The Merc trades several types of financial instruments: interest rates, equities, currencies, and commodities.

Google search mercantile exchange

“Equities, also known as stocks, represent an ownership stake in a company, giving investors a claim on the company’s assets and earnings. Investors purchase equities to gain potential returns through capital appreciation (an increase in share price) and dividends. The value of equities fluctuates based on market demand, company performance, and economic conditions, making them a popular but inherently risky investment.”

Google search equities

Equities seem to now equal stocks., as the jargon in capitalism changes sometimes; Milton Keynes would have been proud of this one. People buy stocks “to gain potential returns through capital appreciation (an increase in share price) and dividends.”

“Capital appreciation is the increase in an investment’s market value over time, leading to a higher price than its original purchase price. This growth occurs due to factors like increased demand, better asset performance, or favorable market conditions. Investors seek capital appreciation for passive growth, while the actual profit realized from selling an asset is known as a capital gain.”

Google search capital appreciation

So now we know profit results from selling an asset, which is an active relationship of the owner of stocks to his glorified hoard.

“Passive growth” refers to growth achieved without continuous, active effort, appearing in several contexts including investment strategies where wealth accumulates over time with minimal management)….

Google search passive growth

And naturally investors in stocks want to think or do as little as possible, and still be able to wring the surplus value out of the workers, whose labour represent the profit..

” increased demand, better asset performance, or favorable market conditions” as reasons for the exploitation of the proletariat is not clear. There are conditions which make it easier or harder for the bourgeois to reap the profits from is ownership of means of production, referred here to as assets. Sort of a more technical term for the accumulation of capital in stock, obtained upon selling, “capital gain”.

google’s explanations are always witty. I don’t know who writes them. It would not seem to be a task to just let a computer so to say wax philosophically ab.out

The bubble occurs when financial capital is divorced from reality, when circulating capital starts to cease to function,

But it is definitely better to be a producer of commodities than a financial capitalist speculating on  the price of commodities when the crisis comes.  I think that  should be obvious, the bubble may break, and the speculation on financial capital becomes more risky.  The next stage will be in production, when the companies who all rely on China for cheap raw materials and machinery have to pay double for them (Trump’s now on now off again tariffs in 2025).  .   The financial capital may cushion the blow, but when the merchant cannot pay the bill at the port, his creditors will be the first to react.  The spectacle of yards in port, parked, waiting for a consumer, and conversely a working class suffering layoffs and loss of employment, the result of the speculative bubble breaking.  

And there are the exports to China, now tariffed 138% by them to enter, now not tariffed, etc. .   America produces commodities China uses, they may have a huge deficit in overall trade, but they still rely on products from America.  Overproduction will likely occur here too, unless new markets are found for finished commodities. As far as commodities produced in both countries jointly, the tariff would be a real impediment to production.

The speculation on financial capital has created  a bubble.  Overproduction is looking likely, we will probably again see the state in its role to bail out the failing companies and agriculture. We see this taking effect in regard to the threat by Trump to lower the price of money to banks to near nothing. A large subsidy to capitalist industry.  It is also a clever way to use the states money, the segment of surplus value separated off and called taxes, by alternately pulling the taxes out of the surplus value, then returning them to capitalists who are having trouble making a profit. The only question is, is it using the state money to make a profit? The bourgeois has a fetish about state assets capable of making a profit, they are sold off, often at bargain basement prices, to any capitalist who wants to take the risk of running them. I fit is the state making money here, it is quite clever. But it is also not capitalism.

Generally it is agriculture that is subsidized and bailed out; the milk wasted and dumped as it cannot be sold at $2.19 a gallon.  The government paying farmers to dump the milk. At the same time the soup kitchens with long lines, often outdoors in winter.

This is a recurring feature of capitalism.  It may be here again, crisis.  If it is, it was sparked by Donald Trump’s protectionism.  The taxes on imports could cause overproduction, social overproduction, at home and abroad.  He backed off this time, but it could be enough to cause confidence investors had in dealing with Americans to be depleted; how can they be trusted? It is a crisis at least partially of their own making.  

Nicholas Jay Boyes 

Milwaukee Wisconsin

American Democratic Republic

edit 9 13 2025

Interest Rates.  Central Bank. Taxes and Fraud.

What looked an awful lot like Donald Trump wishing he could make the stock market numbers rise by tampering with the central bank,  lowering the cost of money to a percentage or less, we receive the employment data from the government.

Google points out: “in August 2025, U.S. employment growth slowed significantly, with nonfarm payrolls adding only 22,000 jobs.”

Employment data july 2025

More from Google:

“Job growth in May and June was drastically weaker than initially reported, with Bureau of Labor Statistics (BLS) data showing May’s gain revised from 144,000 to 19,000 jobs and June’s from 147,000 to 14,000 jobs. These downward revisions, totaling a 258,000 job difference, reflect a significantly weaker labor market than previously understood, with job gains falling to their lowest points since December 2020.  

Google search May and June job growth

When the latter was released, the downward revisions, Trump fired the Bureau of Labor Statistics leader Erika McEntarfer.  He apparently felt the numbers were wrong, that unemployment was not growing under his bourgeois rule. At the same time he was pressuring Jerome Powell, the Central Bank leader to resign, and cut the interest rate.

If there was no employment problem, why would Trump cut interest rates, except to buoy the stock market?  If he knew the number of workers employed was hardly rising fast enough to stop greater unemployment, why fire Erika McEntarfer.?  

Jerome Powell will probably now raise rates, given August’s poor showing in job creation.  Which is what Trump originally wanted.  The only differences now we get to see some real numbers, the kind that indicate interest rates have to fall, due to the prospect of a coming recession.

With the reserve army of unemployed workers growing, and lowering interest rates a way to make the markets keep rising, regardless of the real health of the economic system, it begins to look like Trump’s first term, when the  federal funds rate was about 1%.  

The market responded to the massive influx of state money positively, at least as far as the numbers went.  Everything on the exterior looked fine, but the milk was being dumped, and the price supported at $2.19 a gallon.  Clearly there was a crisis.

If Powell was really concerned about inflation, he would not lower the rate of interest.  Inflation is already here, any proletariat can tell you prices at the store are growing higher.  Automobiles are getting more costly, tariffs are stopping Chinese autos from competing with non metric American large engine petroleum vehicles.  The tariffs are causing inflation, the price of commodities is rising.

What has been rather humorous is Trump’s efforts to remove Central Bank employees he dislikes.

“The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook and has issued grand jury subpoenas out of both Georgia and Michigan, according to documents seen by Reuters and a source familiar with the matter.

The investigation, which followed a criminal referral from Federal Housing Finance Agency Director Bill Pulte…”

“Pulte, who was appointed by Trump, has accused Cook of committing fraud by listing more than one property as a primary residence when she applied for mortgages, potentially to secure lower interest rates. Cook owns properties in Michigan, Georgia and Massachusetts.

Trump terminated Cook over Pulte’s allegations, prompting her to file a lawsuit challenging his effort to oust her.

Reuters https://www.reuters.com/legal/government/us-justice-department-opens-criminal-mortgage-fraud-probe-into-fed-governor-cook-2025-09-04/

Then we find out:

“Close relatives of the federal official who has accused a Federal Reserve governor of improperly claiming primary residence on two properties have declared the same status on two homes in two different states, public records show.


“Local tax officials in both states told Reuters that claiming more than one home as a primary residence isn’t generally allowed in their jurisdictions and could be punishable by fines or back taxes. After Reuters contacted tax officials in Bloomfield Township, Michigan, to inquire about the dual claims, Darrin Kraatz, director of assessing, on Thursday said the township “as of today” would revoke the exemption on the Pultes’ residence there.”

“The claim of more than one property as a primary residence has been the basis for Bill Pulte’s accusations against Lisa Cook, the Federal Reserve governor Trump fired as a result and who has since filed suit against the president to fight the dismissal. Pulte referred the matter to the attorney general, prompting a probe of Cook by the Justice Department.”

Reuters

Clearly there is trouble in the Central Bank, and it looks like they are all spending a good deal of time and money to evade paying taxes.  

“The salary for the Chair of the Federal Reserve is set by the U.S. Congress. In 2025, the annual salary for the Fed Chair is $250,600. The yearly salary of the other Fed Governors is $225,700.”

Google Search: Central Bank governors salary

Apparently they felt they were not receiving enough money, so did tax evasion?  A simple scam too, declaring two primary residences, which is illegal.  First we find Lisa Cook guilty of tax evasion, then Bill Pulte, the very official who just accused Cook of fraud.

All this to lower interest rates.  What a circus.

WIth inflation returning due to tariffs, it seems reckless to lower rates.  The employment rates falling could be seen as a recession coming, which could be perhaps avoided with cheaper money.  But it is a bail out when rates are a percent or less. It may be good for the stock market numbers, but will not lower the inflation problem caused by Trump.  

If he lowered the tariffs, the tax on imports, prices would fall.  Inflation is higher prices.  The tax is due on the importer of foreign goods, who is subject to paying the tariff once the commodity reaches America.  If he tacks it on to his price, the next seller of the commodities also tacks on the price increase, and the next one too etc. until eventually it is the consumer who pays the tariffs. 

It is only another form of surplus value, Trump’s money raised from tariffs, it is taxes on the consumers in America, mostly those who ship at places like WalMart or Amazon who buy imported cheap commodities.  Trump is the tax man.  He taxes the workers, with a zeal.  He said his favorite word was tariffs.  He meant it too.  

The economy is slowing, due to Trump’s governing.  More unemployed workers,  the prospect of bailouts, massive debts created by his Big Beautiful Bill, payable through taxes.  

Nicholas Jay Boyes

Milwaukee Wisconsin

American Democratic Republic 

9 7 2025