You have not deleted my comments, thus gaining my respects. I agree with Marx's analysis of Capitalism, what I disagree with is his idea to replace it with centralized state planning. All states denote a rulling class, which is why the workers must come together and form a decentralized structure without coercion from above. There was a definite rulling class in the USSR from the very beginning, one which Lenin thought was necessary since he considered the workers too stupid to run their own affairs without the Vanguard Party managing both prdocution, and perople's personal lives.

Ever think of working on a version of Capital translated into "stupid" - more simple terms for newly developing Marxists.

Okay, thanks.

Here's a question, Could Marx have been wrong in the assumption that only human labor can create value?, Marx lived in the Victorian era when full blown industrial Capitalism was just starting to come into existence in Western Europe,.we now have machines that are capable of independent production without the assistance of human labor In a distant future we will most likely be able to have huge production processes not governed by man, will that create no value? that is simply impossible. I am not saying that Marx was wrong in his analysis that Capitalism is flawed in the sense that it rely's on the false assumption that value is created by supply and demand rather then Labor, but does it have to be Human labor per say?

"The Failure of Capitalist Production- interview" Interesting.. so he thinks underconsumption is not the cause, but why have private banks been in danger of not been investing into industry? Just because lending to others is more profitable? This really confused me, i thought i understood this economic crises somewhat..

Brendan, thank you for all of your videos. They make marxist economics highly accessible.

I was wondering if you could point my in the direction of one of your videos (if you have any) which focus on capitalism's recovery from an economic slump. That is, one which explains how capitalism 'naturally' recovers (decreased constant capital prices) as well as the centralised/state decisions which can aid it (Keynesian stimulus, war, etc.), and especially one which focuses on the impact of monopoly on the system's ability to self-right?

This is obviously particularly useful at the present time.

All the best,
Samson

Love your videos! I Sub you too! Thank you.

It's usually good to see alternative positions about capitalism and the free marketplace even if one doesn't always agree with their conclusions.

Long live Kropotkin, Bakunin, Emma, Makhno, Zapata, and the Kronstadters!