In that original state of things which precedes both the appropriation of land and the accumulation of stock, the whole produce of labour belongs to the labourer.

在土地占有和资本积累之前的原始状态下， 劳动的全部产品都属于劳动者。

As the accumulation of stock is previously necessary for carrying on this great improvement in the productive powers of labour, so that accumulation naturally leads to this improvement.

由于资本的积累以前是进行劳动生产力的这种巨大提高所必需的，所以积累自然会导致这种提高。

But this original state of things, in which the labourer enjoyed the whole produce of his own labour, could not last beyond the first introduction of the appropriation of land and the accumulation of stock.

但是，这种劳动者享受自己劳动的全部产品的原始状态，不可能持续到土地占有和资本积累的第一次出现之后。

As the accumulation of stock must, in the nature of things, be previous to the division of labour, so labour can be more and more subdivided in proportion only as stock is previously more and more accumulated.

由于在事物的本质上，资本的积累必须先于劳动分工，所以只有当资本先前积累得越来越多时，劳动才能按比例越来越细分。

The connection between the increase of stock and that of industry, or of the demand for useful labour, has partly been explained already, but will be explained more fully hereafter, in treating of the accumulation of stock.

存货增长与工业增长或有用劳动需求之间的联系，已经部分地加以说明，但在讨论存货积累时，将在下文中作更充分的说明。

At first the accumulation of stocks, which occurs after the boom has broken, moderates the rate of the collapse; but we have to pay for this relief later on in the damping-down of the subsequent rate of recovery.

起初，在繁荣破灭后发生的股票积累减缓了崩溃的速度；但我们必须在随后的恢复速度减弱中为这种缓解付出代价。