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Tag Archives: use
Law of Value 5: Contradiction
We are all painfully aware that modern society is full of social antagonisms. There’s poverty amidst great wealth, over-work alongside massive unemployment, banks taking away homes, gentrification, racial tensions, violence against women, labor struggles, environmental apartheid, police brutality, gang violence, hate groups, massive dislocations of populations, and lots of war. Marx was interested in explaining all of these antagonisms, but he doesn’t start his analysis with any of them. Continue reading
Posted in Econ 101-value profit exploitaiton, The Law of Value
Tagged capital, capitalism, class, crisis, Das Kapital, economics, Exploitation, karl marx, labor, labor theory of value, profit, surplus value, use, value, wage labor
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Law of Value 4: Value
…And this is where any social theory must begin: with a study of the productive activity of people as they work to create the world they live in. Not only is this the best starting place for an analysis of society, it is also the best starting point for a radical social theory whose aim is to investigate the possibility of changing the world. If we realize that human society is not the result of some natural or divine eternal logic but merely the creation of our own labor then that means that we have the power to mold and shape that society as we see fit. In a capitalist society these creative powers take the form of an external world of value and capital that acts back upon society, shaping it against the will of its creators. Yet, in the end the world of capital is nothing but the product of our own creation. If we truly want to change the world it is not up to nature, God, fate or experts, but up to us. This is the radical challenge of the law of value. Continue reading
Posted in Econ 101-value profit exploitaiton, The Law of Value
Tagged bohm-bawerk, commodity, exchange, law of value, market, marx, price, production, use, value, work
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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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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
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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.
Posted in Uncategorized
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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