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FEBRUARY 4, 2016 Asean summit in 2014 the prime minister of India Sri Narendra Modi denounced that, to bringing the unemployment is going to bad for the nation. Our aim is to create the jobs through the flow of investments (Public ! (national investment) – private partnership model) and restrict the fiscal deficit. And “we are working in all ways to make India a global manufacturing hub.” We have to do stop this through increase of the purchasing power. Does this mean the unemployment will be eliminate through the increase of wages ? but he did not clearly said this, when he questioning to Mukesh Ambani. I can not claim to anyone that, he/she is a vulgar economist until I do not aware about his/her whole works. The existing capitalist system is a wastage system. Profit motive is the cause of unemployment, and lack of ownership of the means of productions is the cause of poverty, malnutrition, starvation and later the death. Overproduction and stock increase is the inheritance of the capitalist relations of production. The generation of surplus value or the exploitation of wage labour is the main aim of the capitalist mode of productions. We know the Marxist formulae V=(c+v)+s > C=(c+v)+s how the capitalism works. The absolute surplus value (by increasing the length of the working day) and the relative surplus value (by decreasing the value of labour power or necessary labour / by increased labour productivity. The surplus value that the capitalism aims for derives from living labour. The capitalist buys labour-power, and the workers produce value greater than the value of their ability to work. The workers add to the value of the raw materials and machines they use a new value greater than the capitalist paid out in wages. Marx’s great discovery the theory of surplus value, which is nothing but unpaid labour. We have seen about the formulae that, the workers do not get their actual price of the labour power. The billionaires lived in the fine apartments, they own luxury cars and travel around the world in private jets on the fruits of unpaid labour. They are richest not through hard work, but inheritance of the means of productions and exploitation of wage labour. The workers suffering in various deases for malnutrition for the lower wages and they are replace again from the job for the technological advancement, because they do not own the means of productions. The workers can work as hard as long as they physically can, they want to go for overtime job for their family happiness, but they are no longer able to work for over work, lower wages and malnutrition and lack of relax. However, we come back in the topics : “To stop the unemployment through the increase of the purchasing power” !? The governments vastly depends on the commercial tax collections and the finance ministers wants how the GDP will grow. They want more investment, every year the prime minister and the chief ministers of the states including their cabinets are going for foreign capital investment. They want to more employment, the things are going so bad, as a result more the over production, stock increase, inflation, lower wages and mass-unemployment. Jobless people – mass unemployment therefore, who consume the stuff when workers are out of work ? the capitalist can not personally consume their ever increasing wealth. Machine can not buy or consume the stuff. We see to stop the unemployment through increase the purchasing power is a fallacy. The human talents are wasted even and even., a gigantic loss of the science ! We are unable to solve our everyday problems alone until the majority are not conscious and organized. We see the political economy could not solve these problems and never helped us. This social-disorder could not be solved and would not be through reform of the wages / increase of wages, but abolition of the wage system. A real solution vastly depends upon the abolition of the private property system and establishment of the social ownership of the means of productions.

Gorachand Paramanik