..Dr. Marx delivered a fairly long lecture on wage labour and 
capital. He said in his introduction that all revolutions are social 
revolutions. Capital consists not of money, but of raw materials, 
instruments of production and articles of consumption; wage labour 
produces capital as distinct from the products. The assertion that the 
interests of the capitalist and of the wage labourer are identical is 
false. Along with division of labour, competition among the workers 
grows and wages fall; but this occurs still more owing to the use of 
machines. Production costs determine wages. Civilisation does not 
increase the well-being of the workers, but does the opposite. Taxes 
and the price of the necessities of life increase. 

The lecturer spoke also about the remedies that had been tried 
and their inadequacy, such as, for example, Malthus’ theory of 
over-population. The workhouses in England. Industrial training. 
Abolition of protective tariffs and of taxes. Finally, he stated that 
conditions must improve because not all the workers are used as 
workers, but part of them are maintained....