Marx's claim, which the video supports, is that labour is the sole source of EXCHANGE-VALUE (not use-value) under capitalism. Stated differently, capitalism has historically "decided" to gauge the resources required for the production of an output by the socially-necessary labour time required in this production. I find this statement impossible to refute. Those who reject it almost always distort it beyond recognition.
Is there a 3rd video on how we transition away from the growth economy? is there a video that deconstructs the transformation of industrial capitalism to modern global consumer based capitalism? the role that the marketing industry plays in maintaining and stimulating artificial demand for useless products with the consequences being a reduction of the overall mental health of the community as a result of replacing authentic urges for meaningful connections with artificial consumer identities?
I will be posting a video on my strategy in the next few months. The core of this strategy is a non-capitalist logic to establish rational economic outcomes (types and quantities of outputs, waste flow rates, etc.). This alternative logic is fully described in my book, "Needs and Limits".
Marx's goal in "Capital" was to analyze capitalism. He concluded that it was in capital's long-term, overall interest to maintain the number of workers through growth, in order to maintain profits.
But wouldn't it be beneficial for the society as a whole for the economy to grow?
Because as the economy expands, the amount of profit that companies bring in increases, allowing the company to either hire more workers (reducing unemployment) and/or raise the salaries or benefits for existing employees (increasing the standard of living for the workers)...
The issue addressed in the video is Marx's analysis of why a capitalist economy MUST grow, based on its logic and class structure. In his analysis he made no judgment about whether or not growth is beneficial, and I followed suit. For ecological reasons an economy cannot be permitted to grow indefinitely, but that's a different topic.
yet it is pretty clear that labour is not the only source of value
nikiwind1 1 year ago
@nikiwind1
Marx's claim, which the video supports, is that labour is the sole source of EXCHANGE-VALUE (not use-value) under capitalism. Stated differently, capitalism has historically "decided" to gauge the resources required for the production of an output by the socially-necessary labour time required in this production. I find this statement impossible to refute. Those who reject it almost always distort it beyond recognition.
frankr29 1 year ago
Is there a 3rd video on how we transition away from the growth economy? is there a video that deconstructs the transformation of industrial capitalism to modern global consumer based capitalism? the role that the marketing industry plays in maintaining and stimulating artificial demand for useless products with the consequences being a reduction of the overall mental health of the community as a result of replacing authentic urges for meaningful connections with artificial consumer identities?
CandianBear 1 year ago
@CandianBear
I will be posting a video on my strategy in the next few months. The core of this strategy is a non-capitalist logic to establish rational economic outcomes (types and quantities of outputs, waste flow rates, etc.). This alternative logic is fully described in my book, "Needs and Limits".
frankr29 1 year ago
So, from what I understand from this video, the goal of Marx is to keep us away from creating more efficient means of production?
TheEllipsis731 2 years ago
Marx's goal in "Capital" was to analyze capitalism. He concluded that it was in capital's long-term, overall interest to maintain the number of workers through growth, in order to maintain profits.
frankr29 2 years ago
But wouldn't it be beneficial for the society as a whole for the economy to grow?
Because as the economy expands, the amount of profit that companies bring in increases, allowing the company to either hire more workers (reducing unemployment) and/or raise the salaries or benefits for existing employees (increasing the standard of living for the workers)...
TheEllipsis731 2 years ago
The issue addressed in the video is Marx's analysis of why a capitalist economy MUST grow, based on its logic and class structure. In his analysis he made no judgment about whether or not growth is beneficial, and I followed suit. For ecological reasons an economy cannot be permitted to grow indefinitely, but that's a different topic.
frankr29 2 years ago
Okay... so this was sort of an objective analysis of the nature of capitalism, not an argument against it...
This and your other more technical video actually brought some aspects of capitalism to light for me... Anyway, thank you for your time
TheEllipsis731 2 years ago
Thank you very much, great video!
Long Live Communism
Long Live Marx
Hewr3 2 years ago
Thank you for this informative video.
randallsellis 2 years ago