The Deconstruction of the Temporal-Single-System-Interpretation TSSI | Page 3

production, was both supplying the market with surplus labor, derived from workers, plus an
extra amount of surplus value, atop of surplus labor-time calculations, which was providing the
extra unaccounted surplus value in the market, by which, capitalists were able to realize their
annual surplus product.
For Marx, in Capital (Volume 2) a certain amount of value, conceivably surplus value,
was not being accounted for in gold production. As a result, gold’s unaccounted value, was
supplying the initial surplus value that the market needed in order to facilitate capitalist
transactions, i.e., enabling capitalists to realize their over-extended surplus at the end of each
year. That is, gold’s unaccounted value was permitting capitalists to extract more from
circulation, i.e., the market, than he or she initially was putting into circulation, meaning a
segment of free value, initially injected in the market, gratis, was operating in the market, free of
labor-time, providing unaccounted surplus value and profit so all capitalists could extract more
than they were throwing into the market. As Marx states,
Only in gold production—in so far as the gold product contains or is bearer of surplus
value is new wealth created, and it is only to the extent that the whole new gold product
steps into circulation that it increases the money material for potential new…capitals.
..The surplus-value of the gold producer, produced in gold, would then be the only fund
from which all the other capitalists drew material with which to realize their annual
surplus product. [5]
Therefore, exactly, like labor-power, according to Marx, gold production is cheated out of a
certain excess amount of value, which goes unpaid, unrewarded and unaccounted for, in order to
provide the excess surplus value, i.e., profit, the markets need, which enables capitalists to
realize their annual surplus product, in and across the circulation sphere. Contrary to TSSI, gold,
like labor-power, the soil, like the worker, provide the founts for any capitalist profit and surplus
value. Thus, once again, the internal-logical-inconsistencies have manifested within Marx’s
Capital, between the plethora of Marx’s statements professing that the only fount of surplus
value is labor-time and those other statements, correctly articulating that the soil and the worker,
together, are in fact the wellsprings of capitalist profit, value and wealth.
In many instances, labor-time has nothing do with an augmentation of value, i.e., surplus
value. An excellent example of this is when Marx describes the autonomous, value-producing
power of waterfalls, which graciously augment value, free of labor-time, when their energy is
harnessed, appropriately, according to the dictates of capitalism. As Marx states,
A natural force…does not belong to the general conditions of the sphere of
production…Capital cannot create a waterfall from its own resources. The surplus profit
that arises from [the] use of the waterfall…arises not from the capital [invested] but from
the use by capital of a monopolizable and monopolized natural force. Under these
conditions,…surplus profit…accrues to the owner of the waterfall. [6]
Therefore, here, we have a textbook example of the internal-logical-inconsistencies, found
throughout Marx’s Capital, if socially necessary labor-time is the only source of value, then, a