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Category Archives: Econ 202- money credit capital
What Transformation Problem?
Nerd alert: I know that my videos normally represent the height of fashion. I know that my massive popularity, on the account of all the violence, sex appeal, and sports references have launched me into the top ranks of viral … Continue reading
Posted in Econ 101-value profit exploitaiton, Econ 202- money credit capital, Econ 303- Crisis, Uncategorized
Tagged average rate of profit, bortkiewicz, karl marx, labor theory of value, organic composition of capital, prices of production, temporal single system, transformation problem, tssi, value
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What is Credit?
What is credit? part one part two: Now, more than ever, there is an imperative need for people to understand the nature of credit in a capitalist society. In a time when we are seeing the high seas of finance … Continue reading
Posted in Econ 202- money credit capital
Tagged banks, bubble, capitalism, capitalist, circulation, credit, crisis, exchange, fictitious capital, hoarding, karl marx, measure value, money, productive, speculation, unproductive, usury, value
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What is capital?
I’ve talked about capitalism. I’ve talked about capitalists. But I haven’t explicitly talked about capital itself. That’s the purpose of this video. The term “capital” is often overused, allowed to describe any asset regardless of how this economic asset is … Continue reading
Posted in Econ 202- money credit capital
Tagged capital, capitalism, circuit of capital, CMC, crisis, exchange, karl marx, labor, labor power, MCM, means of production, money, profit, use, value
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What is Capitalism?
What is capitalism? Part 1: Part 2: In many videos I’ve argued that exploitation is central to capitalism. In my recent video on money I explained how the contradictions within money itself can only be resolved by a process which … Continue reading
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