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Das Kapital vol. 3 Part 2 chapter 8 Different Compositions of Capitals in Different Branches of Production and Resulting Differences in Rates of Profit
“…differences in the average rate of profit in the various branches of industry do not exist in reality, and could not exist without abolishing the entire system of capitalist production. It would seem, therefore, that here the theory of value is incompatible with the actual process, incompatible with the real phenomena of production, and that for this reason any attempt to understand these phenomena should be given up.” Continue reading
Welcome to Kapitalism…
This is a place to post the text of my youtube videos which deal with various topics in economics. You will find the links to each video and their text under the “pages” section on the right.
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Tagged automation, capital, capitalism, circuit of capital, communism, crisis, economics, engels, exchange, Exploitation, karl marx, labor theory of value, marx, money, organic composition, socialism, state, surplus, use, value, worker
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