In simple terms, this quote refers to how capital functions much like a living entity that sustains itself by extracting resources from others, specifically through labor. Capital, which is accumulated wealth or assets, requires ongoing human effort to grow and thrive. Just as a vampire needs blood to survive, capital demands the energy and output of workers to expand its influence and value.
The deeper meaning reveals Marx's critique of capitalism, highlighting how the system perpetuates an exploitative relationship between those who own capital and those who provide labor. He emphasizes that while capital appears inert without human activity, it thrives on extracting maximum effort from workers with minimal compensation for them. This vampiric metaphor underscores the parasitic nature of capital accumulation, suggesting that the wealth of a few depends significantly on the hard work and often-overworked conditions of many. It paints a picture where labor is commodified, becoming a resource to be consumed rather than an expression of human potential.
Karl Marx, the author of this quote, was a German philosopher and economist who lived from 1818 to 1883. He is best known for his extensive work on political economy and social theory, which laid the foundation for modern socialism and communism. His insights into capitalism's mechanisms and labor dynamics have profoundly influenced economic thought and social movements worldwide.