Crisis! (the overaccumulation of capital) 1 of 2

The very mechanism which regulates the exchange of commodities in a capitalist society also produces antagonisms that cause this process to go into crisis.

There are several more paragraphs that had to be cut from this video due to time constraints. For the complete text go to:

http://kapitalism101.wordpress.com/crisis-overaccumulation/

Bibliography:

Das Kapital- Karl Marx
Limits to Capital- David Harvey
"Turbulence in the World Economy" by David McNally in the Monthly Review; June 1999 (http://www.monthlyreview.org/699mcnal.htm)
I also recommend the following series of papers/lectures:
http://akliman.squarespace.com/crisis-intervention/

Category:

Education

Tags:

• capital
• capitalism
• Crisis
• exploitation
• growth
• karl
• marx
• mechanization
• overaccumulation
• profit
• su
• value
• worker

[SilverCrimsonDragon]

Sir, you are a GENIUS at explaning Marx's theories... either that, or English is a much easier language to understand such theories than Spanish...hehe

Anyway, thanks a lot!!!

[cris750]

@ipwnorcs Thanks,I am going to have to reread it.

[ipwnorcs]

@cris750 Marx dispensed with ricardos fallacies in capital

[ipwnorcs]

what cartoon is that?

[exorcistbitch420]

It could be argued that when a crisis occurs, it is both as a result of internal and external factors.

[cris750]

This is why I think that the ideas of David Ricardo should be followed and implemented. Those who work and contributed to the state would get a return equivalent to their input to the circulation of wealth. At the same time prevent the hoarding of wealth(money).

[brendanmcooney]

I begin my explanation of capitalism in the same way Marx does by explaining the way value coordinates the social labor process in a market society. After establishing some crucial points about value I proceed to a discussion of the inherent antagonisms in the class relations of a capitalism society. But value must be established prior to an understanding of the wage-relation.

[oraci]

capitalism is not about the industrial relations (division of labor, etc) but some particular relations to means of production (Ownage Vs Use).

so what you are discribing in 1:20 is not capitalism is Industry.

you start to describe capitalism in 8:36.

If a capitalism apologist sees you video he will have a big strawman of an argument to cling on.

[brendanmcooney]

Yes I do describe capitalism there. What does that have to do with industrial manufacture? Are you referring to the picture of a factory? It so happens that industrial manufacture was an important part of the development of 19th century capitalism. What is your point? I don't define capitalism as a particular organization of production at any point. In all of my videos I am very consistent w/ my definition of capitalism as a social relation.