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Tag Archives: technology
Falling Rate of Profit
The Falling Rate of Profit The financial world is a mysterious one. It appears that through trading stock, advancing credit, or swapping currencies profit can appear out of thin air- that is, money can be turned into more money just … Continue reading
Posted in Econ 303- Crisis
Tagged abstract, automation, bail-out, capital, capitalism, concrete labor, constant, crisis, depression, exchange, falling rate of profit, innovation, machines, marx, money, recession, sub-prime, surplus, technology, theory, underconsumption, value, variable, wages
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DIY exploitation
Part one: Part two: This is a follow up video to “where does profit come from?” In that video: labor creates value. therefore labor is the source of profit. review: of all inputs in production, only one input is capable … Continue reading
Posted in Econ 101-value profit exploitaiton
Tagged absolute surplus value, capital, capitalism, capitalists, constant, economics, exchange, Exploitation, karl marx, labor value, machines, profit, relative surplus value, supply and demand, surplus value, sweatshops, technology, unions, use, variable, wages, workers
2 Comments
Kapitalism101 