Wage Labour and Capital funny mad libs / modern whig party platform
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Wage Labour and Capital

He would later go on to elaborate on everything proposed here in his 3 volume magnum opus, Das Kapital; however, here you will find, more or less, the fundamental essentials of his thought.An excellent introduction into the economic theories of Karl Marx.

digestible pieces.For the most part very clear, accessible read explaining wages, labour, labour-power, profit, and capital, and the relationships between all of these. The share of (profit) increases in the same proportion in which the share of labor (wages) falls, and vice versa. Like a master, at once distinguished and barbarous, it drags with it into its grave the corpses of its slaves, whole hecatombs of workers, who perish in the crises.We thus see that if capital grows rapidly, competition among the workers grows with even greater rapidity – i.e., the means of employment and subsistence for the working class decrease in proportion even more rapidly; but, this notwithstanding, the rapid growth of capital is the most favorable condition for wage-labor.

Hitherto, the several editions have contained the exact wording of the original articles. While I haven't read Capital this was certainly short and easy to digest. The worker perishes if capital does not keep him busy. However, they are ignoring human nature again! Marx provides incredibly astute analysis of the relationship between wage labour and the capitalist class. Though admittedly, there were some road blocks where I was very confused with different concepts, especially since it gets more complex and in depth as it goes along. The slave, together with her labor-power, was sold to her owner once for all. That should tell us all something. It is only the dominion of past, accumulated, materialized labor over immediate living labor that stamps the accumulated labor with the character of capital. It's a great start to earning about Political Economy.Unlike other economic theories, the writings of Karl Marx hold up 150+ years after they were written. digestible pieces.For the most part very clear, accessible read explaining wages, labour, labour-power, profit, and capital, and the relationships between all of these. Though admittedly, there were some road blocks where I was very confused with different concepts, especially since it gets more complex and in depth as it goes along. Capitalists who cannot compete (especially small business owners) become proletarians themselves.Machinery supplants skilled laborers by unskilled, men by women, adults by children; where newly introduced, it throws workers upon the streets in great masses; and as it becomes more highly developed and more productive it discards them in additional though smaller numbers. She auctions off eight, 10, 12, 15 hours of her life, one day like the next, to the highest bidder, to the owner of raw materials, tools, and the means of life – i.e., to the capitalist.

They would all agree upon one point: that wages are the amount of money which the capitalist pays for a certain period of work or for a certain amount of work.Consequently, it appears that the capitalist buys their labor with money, and that for money they sell her their labor.

"Classical political economy had got into a blind alley.

The text is made up of from lectures delivered by Marx before the German Workingmen’s Club of Brussels in 1847. And for this simple reason: the more he works, the more he competes against his fellow workmen, the more he compels them to compete against him, and to offer themselves on the same wretched conditions as he does; so that, in the last analysis, he competes against himself as a member of the working class.Capital not only lives upon labor. Read this-it's short and (fairly) easy to follow.Pretty simple and clear introduction into what I assume is a much larger body of Marxist thought. Written with the intent of being read by and fully understood by workers at the time of Marx, it presupposes no knowledge of political economy and does a very good job of lucidly explaining several core concepts that serve as some of the building blocks of Marx’s later work Good explanation of the economic theories of communism. When wage-labor produces the alien wealth dominating it, the power hostile to it, capital, there flow back to it its means of employment – i.e., its means of subsistence, under the condition that it again become a part of capital, that is become again the lever whereby capital is to be forced into an accelerated expansive movement.To say that the interests of capital and the interests of the workers are identical, signifies only this: that capital and wage-labor are two sides of one and the same relation.

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