In Capital, Marx argues that the tendency toward the centralization of capital is a contradictory phenomenon that reflects capitalism’s fundamentally contradictory nature. He saw capitalism as a system that, on the one hand, liberated humanity from the darkness of slavery, feudalism and religious backwardness; and, on the other, enslaved the toiling masses to exploitation and […]
Tag: reproduction
Categories
Capital Volume II: Class 11
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 […]
Categories
Capital Volume II: Class 10
Readings: Capital II, ch. 18, 19, 20 (sections 1-5) Part Three of Volume II develops in greater detail the concept of reproduction, originally introduced in Volume I. In my notes on Volume I, I wrote that reproduction refers to how the capitalist system is sustained. In this section of Volume II, Marx delves into exactly […]
Categories
Capital Volume II: Class 9
Readings: Capital II, ch. 15-17 “If we were to consider a communist society in place of a capitalist one, then money capital would immediately be done away with, and so too the disguises that transactions acquire through it. The matter would be simply reduced to the fact that the society must reckon in advance how […]
Categories
Capital Volume 1: Class 10
Readings: Capital I, ch. 23, 24 In these chapters, Marx lays out the concepts of reproduction and accumulation. It is helpful to read them together because the two processes are deeply related, or perhaps two sides of the same phenomenon. Reproduction refers to how the capitalist system is sustained. Accumulation refers to the way in […]
World of Lenidzky 