Tag: crisis

Capital Volume II: Class 11

Post author By Lenidzky
Post date July 11, 2021
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Readings: Capital II, ch. 20 (sections 6-13), 21 Returning to a point I have made multiple times, the implication of Marx’s theory in Capital is that the anarchic capitalist system needs to be replaced with an egalitarian, planned economy. His project is to render visible all of the hidden and ignored inefficiencies in capitalism so […]

Tags anarchy of production, capitalist accumulation, commodity fetishism, credit, crisis, planned economy, reproduction

Marx's Capital

Capital Volume I: Class 11

Readings: Capital I, ch. 25; Capital III, ch. 5, 6, 13-15 “Finally, the law which always holds the relative surplus population or industrial reserve army in equilibrium with the extent and energy of accumulation rivets the worker to capital more firmly than the wedges of Hephaestus held Prometheus to the rock. It makes an accumulation […]

Tags capitalist accumulation, centralization, concentration, crisis, export of capital, falling rate of profit, imperialism, industrial reserve army, organic composition of capital, overproduction, productivity, relative surplus value, surplus capital, surplus population